Cheap Apartments for Rent in the South 48th Street Neighborhood of Lincoln, NE from $500 (8 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South 48th Street area of Lincoln.

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.

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.

South 48th Street, Lincoln, NE Local Guide

Cheapest Available South 48th Street Apartments for Rent

 

The cheapest available apartment rental in the South 48th Street area of Lincoln, NE is a 1 Bed unit found at The Reserve on 77 priced from $838. Williamsburg Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable South 48th Street apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
The Reserve on 77Oriole1BR,1BA$838
Williamsburg ApartmentsSerenity 1 Bedroom1BR,1BA$850
Embassy Park Apartments1 Bed 1 Bath1BR,1BA$875

Best Value Apartments for Rent in South 48th Street, NE

As of June 15, 2025 the best value apartment in the South 48th Street area is the $0.97 price per square foot 2035 S 50th St Model at 2035 S 50th St, Unit C in the in the Taylor Park neighborhood starting from $1,210. The second greatest value South 48th Street apartment is the Park41 - 2 bd/2 ba Model at Park41 Apartments starting at $1,100 with a $1.11 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 ListingModel NameBed/BathPrice Per Sq.Ft.
2035 S 50th St, Unit C2035 S 50th St2BR,1BA$0.97
Park41 ApartmentsPark41 - 2 bd/2 ba2BR,2BA$1.11
Old Cheney Place by BroadmoorCambridge1BR,1BA$1.38
The Reserve on 77Meadowlark1BR,1BA$1.97
Thomasbrook1 Bed, 1 Bath - A1 620 SF1BR,1BA$1.78
Williamsburg ApartmentsSerenity 1 Bedroom1BR,1BA$1.45
Embassy Park Apartments1 Bed 1 Bath1BR,1BA$1.52

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Pet Friendly Lifestyle
South 48th Street, Lincoln, NE

Ranked #51

Among neighborhoods in Lincoln, NE for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap South 48th Street Apartments

How much is rent for a Cheap One Bedroom South 48th Street Apartment?

The lowest price for a Cheap One Bedroom South 48th Street Apartment is $838 at The Reserve on 77.

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 $900 at Williamsburg Apartments.

What is the most affordable South 48th Street Three Bedroom Apartment?

The best deal on a cheap South 48th Street Three Bedroom Apartment rental is at Embassy Park Apartments and starts from $1,295.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.