Cheap Apartments for Rent in the Greater South Neighborhood of Lincoln, NE from $500 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Greater South area of Lincoln.

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4831 South Street
Studio to 2 Bedroom Apartments

4831 South Street

2104 S 48th StLincoln, NE 68506
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4000 S 51st St
Studio Apartments

4000 S 51st St

4000 S 51st StLincoln, NE 68506

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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4400 S 48th St
Studio Apartments

4400 S 48th St

4400 S 48th StLincoln, NE 68516
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4615 Prescott Avenue
1 to 2 Bedroom Apartments

4615 Prescott Avenue

4615-4621 Prescott AveLincoln, NE 68506
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Cheapest Available Greater South Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
4831 South Street2BR/1.0BA2BR,1BA$999
Park41 ApartmentsPark41 - 1 bd/1ba Remodeled1BR,1BA$1,075

Best Value Apartments for Rent in Greater South, NE

As of April 26, 2026 the best value apartment in the Greater South area is the $1.10 price per square foot 2BR/1.0BA Model at 4831 South Street in the in the Taylor Park neighborhood starting from $999. The second greatest value Greater South apartment is the Park41 - 1 bd/1ba Remodeled Model at Park41 Apartments starting at $1,075 with a $1.48 price per square foot in the Taylor Park neighborhood. Here is today’s list of the best values for Greater South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4831 South Street2BR/1.0BA2BR,1BA$1.10
Park41 ApartmentsPark41 - 1 bd/1ba Remodeled1BR,1BA$1.48

Frequently Asked Questions about Cheap Greater South Apartments

How much is rent for a Cheap One Bedroom Greater South Apartment?

The lowest price for a Cheap One Bedroom Greater South Apartment is $1,075 at Park41 Apartments.

What is the lowest price for a Cheap Two Bedroom Greater South Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Greater South is starting from $999 at 4831 South Street.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.