Cheap Apartments for Rent in the Outer South Neighborhood of Lincoln, NE from $400 (107 Rentals)

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

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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Old Cheney Place by Broadmoor
$810 - $1,520
Total Monthly Price

Total Monthly Price

Base Rent
$745 - $1,455
Required Monthly Fees
$65
Total Monthly Price
$810 - $1,520
Studio to 3 Bedroom Apartments Available Now

Old Cheney Place by Broadmoor

5501 Warwick CtLincoln, NE 68516
Active Lifestyle
  • Verified
  • Customer Reviewed
  • Utilities Included
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1017 S 16th St
$850
Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850
2 Bedroom Apartment Available Now

1017 S 16th St

1017 S 16th StLincoln, NE 68508
Affordability
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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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Highpointe by Broadmoor
$900 - $1,525
Total Monthly Price

Total Monthly Price

Base Rent
$835 - $1,460
Required Monthly Fees
$65
Total Monthly Price
$900 - $1,525
Studio to 2 Bedroom Apartments Available Now

Highpointe by Broadmoor

4607 Old Cheney RdLincoln, NE 68516
Furnished
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  • Customer Reviewed
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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The Reserve on 77
Rent Specials
$1,025 - $1,650
Total Monthly Price

Total Monthly Price

Base Rent
$910 - $1,535
Required Monthly Fees
$115
Total Monthly Price
$1,025 - $1,650
Studio to 3 Bedroom Apartments Available Now

The Reserve on 77

6740 SW 4th StLincoln, NE 68523
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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. Century House has the second lowest priced unit, which is a Studio apartment currently listed from $615. 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
Century HouseSmall StudioStudio,1BA$615
Latitude Lincoln4BR/3BA - C Terrace4BR,3BA$680
LivRedD2 - 4x44BR,4BA$685
Garden Brooke Apartments1 Bed 1 Bath1BR,1BA$695
Colonial Courts1 Bedroom1BR,1BA$700
Arapahoe VillageOne Bedroom1BR,1BA$700
Salt Valley View ApartmentsOne Bedroom1BR,1BA$750
The Grand ManseAerie StudioStudio,1BA$800
Old Cheney Place by BroadmoorBedfordStudio,1BA$810

Best Value Apartments for Rent in Outer South, NE

As of February 18, 2026 the best value apartment in the Outer South area is the $0.96 price per square foot 2535 Saint Thomas Dr Model at 2535 Saint Thomas Dr, Unit 1 in the in the Country Club neighborhood starting from $2,040. The second greatest value Outer South apartment is the 2830 S 13th St Model at 2830 S 13th St, Unit 2830 S 13th Street starting at $1,600 with a $1.07 price per square foot in the Country Club 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.
2535 Saint Thomas Dr, Unit 12535 Saint Thomas Dr3BR,3BA$0.96
2830 S 13th St, Unit 2830 S 13th Street2830 S 13th St2BR,1BA$1.07
LivRedD2 - 4x44BR,4BA$0.55
1736 Euclid Ave, Unit 21736 Euclid Ave3BR,1BA$0.80
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
Marshall Apartments2 Bedroom, 1 Bathroom - 1032 SF2BR,1BA$1.03
Cherrywood Apartments2Bd/1Ba2BR,1BA$0.97
Sutter Place1 Bed, 1 Bath1BR,1BA$1.06
Arapahoe VillageOne Bedroom1BR,1BA$1.09
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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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 $810.

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 $4,000.

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 74 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 $370 which is $3,630 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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.