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.

Antelope Gardens
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.
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.
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 | $900 | $795 | $1,032 |
| South 48th Street 2 Bedroom Apartments | $1,146 | $825 | $1,408 |
| South 48th Street 3 Bedroom Apartments | $1,360 | $1,100 | $1,595 |
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 | $892 |
| Park41 Apartments | Remodeled - 2 BD/2 BA | 2BR,2BA | $1,215 |
Best Value Apartments for Rent in South 48th Street, NE
As of January 03, 2026 the best value apartment in the South 48th Street area is the $1.23 price per square foot Remodeled - 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 1 Bed, 1 Bath - A1 620 SF Model at Thomasbrook starting at $892 with a $1.44 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 | Remodeled - 2 BD/2 BA | 2BR,2BA | $1.23 |
| Thomasbrook | 1 Bed, 1 Bath - A1 620 SF | 1BR,1BA | $1.44 |
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 $1,075 at Thomasbrook.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!









