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

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

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

 

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 $845. 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$845
3831 S 46th St2 Beds, 1.5 Baths2BR,1BA$995
Park41Park41 - 1 bd/1ba Remodeled1BR,1BA$1,065

Best Value Apartments for Rent in Greater South, NE

As of June 10, 2026 the best value apartment in the Greater South area is the $1.04 price per square foot 2 Beds, 1.5 Baths Model at 3831 S 46th St in the in the South 48th Street neighborhood starting from $995. The second greatest value Greater South apartment is the Park41 - 1 bd/1ba Remodeled Model at Park41 starting at $1,065 with a $1.47 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.
3831 S 46th St2 Beds, 1.5 Baths2BR,1.5BA$1.04
Park41Park41 - 1 bd/1ba Remodeled1BR,1BA$1.47
4615 Prescott Avenue1 Beds, 1 Baths1BR,1BA$1.40

Frequently Asked Questions about Cheap Greater South 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 $995 at 3831 S 46th St.

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

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.