
Cheap Apartments for Rent in the South 48th Street Neighborhood of Lincoln, NE from $500 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the South 48th Street area of Lincoln.


Park41 Apartments

Antelope Gardens

4831 South Street

4523 Prescott Ave
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.

4530 Bancroft Ave

4000 S 51st St

1940 S Cotner Blvd

Parkside Apartments

4520 Bancroft Avenue
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.

4615 Prescott Avenue
South 48th Street, Lincoln, NE Local Guide

How much does it cost to rent an apartment in South 48th Street?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South 48th Street 1 Bedroom Apartments | $1,023 | $795 | $1,350 |
| South 48th Street 2 Bedroom Apartments | $1,112 | $825 | $1,395 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 1 mile radius of the South 48th Street Neighborhood of Lincoln, NE.
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Cheapest Available South 48th Street Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 4831 South Street | 2BR/1.0BA | 2BR,1BA | $999 |
| Park41 Apartments | Park41 - 2 bd/2 ba | 2BR,2BA | $1,215 |
Best Value Apartments for Rent in South 48th Street, NE
As of April 12, 2026 the best value apartment in the South 48th Street area is the $1.23 price per square foot Park41 - 2 bd/2 ba Model at Park41 Apartments in the in the Taylor Park neighborhood starting from $1,215. The second greatest value South 48th Street apartment is the 2BR/1.0BA Model at 4831 South Street starting at $999 with a $1.10 price per square foot in the Taylor Park neighborhood. Here is today’s list of the best values for South 48th Street apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Park41 Apartments | Park41 - 2 bd/2 ba | 2BR,2BA | $1.23 |
| 4831 South Street | 2BR/1.0BA | 2BR,1BA | $1.10 |
Frequently Asked Questions about Cheap South 48th Street Apartments
What is the lowest price for a Cheap Two Bedroom South 48th Street Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in South 48th Street is starting from $999 at 4831 South Street.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.

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.

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.