Cheap Apartments for Rent in the Outer South Neighborhood of Lincoln, NE from $400 (184 Rentals)

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

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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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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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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. 1431 D St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. 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
1431 D St1 Beds, 1 Baths1BR,1BA$595
Duluth Apartments1 Beds, 1 Baths1BR,1BA$600
640 S 12th - 12H Apartments0BR/1.0BAStudio,1BA$650
648 S 12th - 12H Apartments0BR/1.0BAStudio,1BA$650
1315 F St1 Beds, 1 Baths1BR,1BA$650
1730 G St1 Beds, 1 Baths1BR,1BA$675
LivRedD2 - 4x44BR,4BA$685
1414 C St0 Beds, 1 BathsStudio,1BA$695
Arapahoe VillageOne Bedroom1BR,1BA$700

Best Value Apartments for Rent in Outer South, NE

As of July 04, 2026 the best value apartment in the Outer South area is the $1.08 price per square foot 3 Bedroom, 1 Bathroom - 1259 SF Model at Marshall Apartments in the in the West A neighborhood starting from $1,365. The second greatest value Outer South apartment is the D2 - 4x4 Model at LivRed starting at $685 with a $0.55 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.
Marshall Apartments3 Bedroom, 1 Bathroom - 1259 SF3BR,1BA$1.08
LivRedD2 - 4x44BR,4BA$0.55
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
3831 S 46th St2 Beds, 1.5 Baths2BR,1.5BA$1.04
1422 A St2 Bed2BR,1BA$1.02
Antelope Gardens2BR/2BA2BR,1.5BA$0.99
Argosy Apartments1Bd/1BA1BR,1BA$1.07
1431 D St1 Beds, 1 Baths1BR,1BA$0.98
Duluth Apartments1 Beds, 1 Baths1BR,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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Quick Rent Budget Calculator

How much rent can you afford?

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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Best Local Schools in
Outer South, Lincoln, NE

School data provided by Great Schools

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 $700.

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 $1,700.

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 38 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 $475 which is $1,225 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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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.

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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.

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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.