Cheap Apartments for Rent in the South Lincoln Neighborhood of Lincoln, NE from $400 (244 Rentals)

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

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 4350 S 48th St

$750 - $825

1 Bedroom Rentals

Available Now

4350 S 48th St

LincolnNE68516

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 2611 A St

$800 - $1,450

1 To 2 Bedroom Rentals

Available Now

2611 A St

LincolnNE68502

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 740 Y St

$900 - $1,350

2 To 3 Bedroom Rentals

Available Now

740 Y St

LincolnNE68508

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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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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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. 648 S 12th - 12H Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $650. 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
648 S 12th - 12H Apartments0BR/1.0BAStudio,1BA$650
1315 F St1 Beds, 1 Baths1BR,1BA$650
1730 G St1 Beds, 1 Baths1BR,1BA$650
640 S 12th - 12H Apartments0BR/1.0BAStudio,1BA$650
1215 Peach St0 Beds, 1 BathsStudio,1BA$665
LivRedD2 - 4x44BR,4BA$685
1414 C St0 Beds, 1 BathsStudio,1BA$695
Arapahoe VillageOne Bedroom1BR,1BA$700
Countyshire Apartments1x1-640sqf1BR,1BA$700

Best Value Apartments for Rent in South Lincoln, NE

As of July 23, 2026 the best value apartment in the South Lincoln area is the $0.87 price per square foot 4945 Walker Ave Model at 4945 Walker Ave, Unit Apt1 in the in the Taylor Park neighborhood starting from $1,749. The second greatest value South Lincoln apartment is the 2830 S 13th St Model at 2830 S 13th St, Unit 2830 S 13th Street starting at $1,450 with a $0.97 price per square foot in the Country Club 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.
4945 Walker Ave, Unit Apt14945 Walker Ave4BR,2BA$0.87
2830 S 13th St, Unit 2830 S 13th Street2830 S 13th St2BR,1BA$0.97
The Quarters LincolnD1 - 4x44BR,4BA$0.46
LivRedD2 - 4x44BR,4BA$0.55
The Parkhaus - Leasing By BedroomSoze4BR,2BA$0.60
1207 D St, Unit #21207 D St2BR,1BA$0.87
3831 S 46th St2 Beds, 1.5 Baths2BR,1.5BA$1.04
1422 A St2 Bed2BR,1BA$1.02
Argosy Apartments1Bd/1BA1BR,1BA$1.07
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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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 $700.

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 $1,730.

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 42 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 $543 which is $1,187 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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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

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.