Cheap Apartments for Rent in the Outer South Neighborhood of Lincoln, NE from $400 (189 Rentals)

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

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144 S 29th St, Unit #2
$675
Total Monthly Price

Total Monthly Price

Base Rent
$675

Total Monthly Price
$675
1 Bedroom Apartment Available Sep 1

144 S 29th St, Unit #2

144 S 29th StLincoln, NE 68510
Affordability
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property at 1701 D St

$699

Studio Rentals

Available Now

1701 D St

LincolnNE68502

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property at 2611 A St

$800 - $1,450

1 To 2 Bedroom Rentals

Available Now

2611 A St

LincolnNE68502

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property at 1626 B St

$899

2 Bedroom Rentals

Available Now

1626 B St

LincolnNE68502

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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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Outer South, Lincoln, NE Local Guide

Cheapest Available Outer South Apartments for Rent

 

The cheapest available apartment rental in the Outer South area of Lincoln, NE is a 1 Bed unit found at Capitol View Tower Apartments - Seniors 62+ priced from $250. 1724 D St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here are the most affordable Outer South apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$250
1724 D St1 Beds, 1 Baths1BR,1BA$599
1123 F St1 Beds, 1 Baths1BR,1BA$599
1001 S 26th St1 Beds, 1 Baths1BR,1BA$619
1739 G St.1739 G Studio1BR,1BA$625
Century HouseSmall StudioStudio,1BA$650
1315 F St1 Beds, 1 Baths1BR,1BA$650
1420 E St1BR/1.0BA1BR,1BA$650
928 E St0BR/1.0BAStudio,1BA$655
538 N 24th Street0BR/1.0BAStudio,1BA$655

Best Value Apartments for Rent in Outer South, NE

As of August 18, 2026 the best value apartment in the Outer South area is the $0.60 price per square foot D1 - 4x4 Model at LivRed in the in the Haymarket neighborhood starting from $775. The second greatest value Outer South apartment is the Soze Model at The Parkhaus - Leasing By Bedroom starting at $650 with a $0.60 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Outer South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
LivRedD1 - 4x44BR,4BA$0.60
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
1207 D St, Unit #21207 D St2BR,1BA$0.92
335 S 26th St2 Beds, 1 Baths2BR,1BA$1.04
3831 S 46th St2 Beds, 1.5 Baths2BR,1.5BA$1.04
2501 E St1 Beds, 1 Baths1BR,1BA$0.93
1123 F St2 Beds, 1 Baths2BR,1BA$0.93
1955 G Street1BR/1.0BA1BR,1BA$0.98
1701 Burnham St2 Beds, 1 Baths2BR,1BA$1.02
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$0.43

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Outer South, Lincoln, NE

Ranked #2

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, areas, and rental properties across Nebraska and customized analysis for Central Lincoln. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Outer South Apartments

What is a cheap apartment in Outer South?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Outer South is under $655.

What is the price of a cheap apartment in Outer South?

The cheapest apartment in Outer South is Capitol View Tower Apartments - Seniors 62+ which is listed at $250, while the average apartment in Outer South costs $1,331.

What types of apartments are the cheapest in Outer South?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 44 regular apartments in Outer South that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Outer South?

Cheap apartments in Outer South have an average cost of $724 which is $607 cheaper than the average rent for all rentals in Outer South.

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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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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.