
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 | $970 | $795 | $1,065 |
| South 48th Street 2 Bedroom Apartments | $1,150 | $825 | $1,369 |
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 |
|---|---|---|---|
| Thomasbrook | 1 Bed, 1 Bath - A1 620 SF | 1BR,1BA | $1,062 |
| Park41 Apartments | Park41 - 1 bd/1ba Remodeled | 1BR,1BA | $1,065 |
Best Value Apartments for Rent in South 48th Street, NE
As of May 29, 2026 the best value apartment in the South 48th Street area is the $1.24 price per square foot 1 bd / 1 ba Model at Park41 Apartments in the in the Taylor Park neighborhood starting from $900. The second greatest value South 48th Street apartment is the 1 Bed, 1 Bath - A1 620 SF Model at Thomasbrook starting at $1,064 with a $1.72 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 | 1 bd / 1 ba | 1BR,1BA | $1.24 |
| Thomasbrook | 1 Bed, 1 Bath - A1 620 SF | 1BR,1BA | $1.72 |
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 $1,215 at Park41 Apartments.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.