Cheap Apartments for Rent in the South Lincoln Neighborhood of Lincoln, NE from $400 (300 Rentals)

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

property at 1701 D St
$649 - $699
Studio Rentals
Available Now
Affordability

1701 D St

LincolnNE68502

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 749 New Hampshire St
$700 - $1,200

Total Monthly Price

Base Rent$700 - $1,200
Total Monthly Price$700 - $1,200
1 To 2 Bedroom Homes for Rent
Available Now
Furnished

749 New Hampshire St

LincolnNE68508
  • Smoke Free

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 740 Y St
$800 - $1,250
2 To 3 Bedroom Rentals
Available Now
Affordability

740 Y St

LincolnNE68508
property at 2635 N 42nd St
$824
2 Bedroom Rentals
Available Now
Affordability

2635 N 42nd St

LincolnNE68504

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 4501 Madison Ave
$829
2 Bedroom Rentals
Available Sep 16
Cost Per Sq.Ft.

4501 Madison Ave

LincolnNE68504

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.

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property at 1626 B St
$899
2 Bedroom Rentals
Available Now
Affordability

1626 B St

LincolnNE68502

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.

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Showing Results 1-50, Page 1 of 6

South Lincoln, Lincoln, NE Local Guide

Cheapest Available South Lincoln Apartments for Rent

 

The cheapest available apartment rental in the South Lincoln area of Lincoln, NE is a 1 Bed unit found at Capitol View Tower Apartments - Seniors 62+ priced from $250. 900 S 18th St has the second lowest priced unit, which is a Studio apartment currently listed from $495. Here are the most affordable South Lincoln apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$250
900 S 18th St0BR/1.0BAStudio,1BA$495
1724 D St1 Beds, 1 Baths1BR,1BA$579
1123 F St1 Beds, 1 Baths1BR,1BA$599
4912 Cleveland Ave1 Beds, 1 Baths1BR,1BA$599
626 S 12th - 12H Apartments0BR/1.0BAStudio,1BA$600
1129 E St1 Beds, 1 Baths1BR,1BA$619
1001 S 26th St1 Beds, 1 Baths1BR,1BA$619
648 S 12th - 12H Apartments0BR/1.0BAStudio,1BA$625
1420 E St1BR/1.0BA1BR,1BA$650

Best Value Apartments for Rent in South Lincoln, NE

As of September 08, 2026 the best value apartment in the South Lincoln area is the $0.60 price per square foot D1 - 4x4 Model at LivRed in the in the Haymarket neighborhood starting from $775. The second greatest value South Lincoln apartment is the C - 3x3 Model at The Quarters Lincoln starting at $690 with a $0.64 price per square foot in the Highlands neighborhood. Here is today’s list of the best values for South Lincoln apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
LivRedD1 - 4x44BR,4BA$0.60
The Quarters LincolnC - 3x33BR,3BA$0.64
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
1207 D St, Unit #21207 D St2BR,1BA$0.92
1101 D2BR/1.5BA2BR,1.5BA$0.99
2417 Vine2BR/1.0BA2BR,1BA$0.94
2501 E St1 Beds, 1 Baths1BR,1BA$0.93
1123 F St2 Beds, 1 Baths2BR,1BA$0.93
1955 G Street1BR/1.0BA1BR,1BA$0.93
Capitol View Tower Apartments - Seniors 62+1 Bed, 1 bath1BR,1BA$0.43

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
South Lincoln, Lincoln, NE

Ranked #1

Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Lincoln, Lincoln, NE

School data provided by Great Schools

Lifestyle Ratings

Our team works hard to bring you Lifestyle Ratings of neighborhoods, areas, and rental properties across Nebraska and customized analysis for Central Lincoln. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap South Lincoln Apartments

What is a cheap apartment in South Lincoln?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Lincoln is under $650.

What is the price of a cheap apartment in South Lincoln?

The cheapest apartment in South Lincoln is Capitol View Tower Apartments - Seniors 62+ which is listed at $250, while the average apartment in South Lincoln costs $1,299.

What types of apartments are the cheapest in South Lincoln?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 72 regular apartments in South Lincoln that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in South Lincoln?

Cheap apartments in South Lincoln have an average cost of $581 which is $718 cheaper than the average rent for all rentals in South Lincoln.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.