Cheap Apartments for Rent in the Norwood Park Neighborhood of Lincoln, NE from $500 (15 Rentals)

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

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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5420-5430 Ervin St
1 to 2 Bedroom Apartments

5420-5430 Ervin St

5420-5430 Ervin StLincoln, NE 68504

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.

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3706 N 44th St
2 Bedroom Apartments

3706 N 44th St

3706 N 44th StLincoln, NE 68504
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4912 Cleveland Ave
Studio to 1 Bedroom Apartments

4912 Cleveland Ave

4912 Cleveland AveLincoln, NE 68504
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3800 N 52nd St
2 Bedroom Apartments

3800 N 52nd St

3800 N 52nd StLincoln, NE 68504
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3721 N 56th St
2 Bedroom Apartments

3721 N 56th St

3721 N 56th StLincoln, NE 68504

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Cheapest Available Norwood Park Apartments for Rent

 

The cheapest available apartment rental in the Norwood Park area of Lincoln, NE is a 1 Bed unit found at 4912 Cleveland Ave priced from $595. 3629 N 60th St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable Norwood Park apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
4912 Cleveland Ave1 Beds, 1 Baths1BR,1BA$595
3629 N 60th St1 Beds, 1 Baths1BR,1BA$795
The VillaBuilding A, B, and C1BR,1BA$860
The Villas at Mahoney ParkZion1BR,1BA$1,235
Square at 48Two Bedroom2BR,2BA$1,550

Best Value Apartments for Rent in Norwood Park, NE

As of August 16, 2026 the best value apartment in the Norwood Park area is the $0.87 price per square foot 4945 Walker Ave Model at 4945 Walker Ave, Unit Apt1 in the in the Taylor Park neighborhood starting from $1,749. The second greatest value Norwood Park apartment is the 6240 Ballard Ave Model at 6240 Ballard Ave starting at $1,390 with a $1.20 price per square foot in the Havelock neighborhood. Here is today’s list of the best values for Norwood Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4945 Walker Ave, Unit Apt14945 Walker Ave4BR,2BA$0.87
6240 Ballard Ave6240 Ballard Ave2BR,1.5BA$1.20
Square at 48Cottonwood2BR,2BA$1.54
The VillaBuilding D1BR,1BA$1.22
The Villas at Mahoney ParkGlacier1BR,1BA$1.98
3629 N 60th St1 Beds, 1 Baths1BR,1BA$1.33
4912 Cleveland Ave1 Beds, 1 Baths1BR,1BA$1.32
2500 North 56th Street1 Beds, 1 Baths1BR,1BA$1.56

Frequently Asked Questions about Cheap Norwood Park Apartments

How much is rent for a Cheap One Bedroom Norwood Park Apartment?

The lowest price for a Cheap One Bedroom Norwood Park Apartment is $595 at 4912 Cleveland Ave.

What is the lowest price for a Cheap Two Bedroom Norwood Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Norwood Park is starting from $980 at The Villa.

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 First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.