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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2104 S 48th St
Studio to 2 Bedroom Apartments

2104 S 48th St

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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4400 S 48th St
Studio Apartments

4400 S 48th St

4400 S 48th StLincoln, NE 68516

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Cheapest Available Greater South Apartments for Rent

 

The cheapest available apartment rental in the Greater South area of Lincoln, NE is a 1 Bed unit found at 4615 Prescott Avenue priced from $800. 3831 S 46th St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here are the most affordable Greater South apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
4615 Prescott Avenue1 Beds, 1 Baths1BR,1BA$800
3831 S 46th St2 Beds, 1.5 Baths2BR,1BA$995
Park41 ApartmentsPark41 - 2 bd/2 ba2BR,2BA$1,265

Best Value Apartments for Rent in Greater South, NE

As of July 25, 2026 the best value apartment in the Greater South area is the $1.28 price per square foot Park41 - 2 bd/2 ba Model at Park41 Apartments in the in the Taylor Park neighborhood starting from $1,265. The second greatest value Greater South apartment is the 2 Beds, 1.5 Baths Model at 3831 S 46th St starting at $995 with a $1.04 price per square foot in the South 48th Street 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.
Park41 ApartmentsPark41 - 2 bd/2 ba2BR,2BA$1.28
3831 S 46th St2 Beds, 1.5 Baths2BR,1.5BA$1.04
4615 Prescott Avenue1 Beds, 1 Baths1BR,1BA$1.32

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 Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.