
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

2104 S 48th St

4530 Bancroft 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.

4000 S 51st St

4523 Prescott Ave

1940 S Cotner Blvd

Parkside Apartments

4615 Prescott 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.

4520 Bancroft 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 | $795 | $795 | $795 |
| South 48th Street 2 Bedroom Apartments | $1,144 | $825 | $1,412 |
| 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
 The cheapest available apartment rental in the South 48th Street area of Lincoln, NE is a 1 Bed unit found at 4615 Prescott Avenue priced from $800. 3831 S 46th St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here are the most affordable South 48th Street apartments for rent in Lincoln, NE:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 4615 Prescott Avenue | 1 Beds, 1 Baths | 1BR,1BA | $800 |
| 3831 S 46th St | 2 Beds, 1.5 Baths | 2BR,1BA | $995 |
| Park41 Apartments | Park41 - 2 bd/2 ba | 2BR,2BA | $1,265 |
Best Value Apartments for Rent in South 48th Street, NE
As of July 14, 2026 the best value apartment in the South 48th Street area is the $1.28 price per square foot Park41 - 2 bd/2 ba Model at Park41 Apartments in the in the Taylor Park neighborhood starting from $1,265. The second greatest value South 48th Street apartment is the 2 Beds, 1.5 Baths Model at 3831 S 46th St starting at $995 with a $1.04 price per square foot in the South 48th Street 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 | $1.28 |
| 3831 S 46th St | 2 Beds, 1.5 Baths | 2BR,1.5BA | $1.04 |
| 4615 Prescott Avenue | 1 Beds, 1 Baths | 1BR,1BA | $1.32 |
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.