Cheap Apartments for Rent in the Southern Hills Neighborhood of Lincoln, NE from $500 (43 Rentals)

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

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Ruskin Place
1 to 3 Bedroom Apartments

Ruskin Place

1001 Norwood DrLincoln, NE 68512
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3831 S 46th St
2 Bedroom Apartments

3831 S 46th St

3831 S 46th StLincoln, NE 68506
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Villa Tierra
1 to 2 Bedroom Apartments

Villa Tierra

5010 Emerald DrLincoln, NE 68516
  • Utilities Included

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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Showing Results 1-43, Page 1 of 1

Southern Hills, Lincoln, NE Local Guide

Cheapest Available Southern Hills Apartments for Rent

 

The cheapest available apartment rental in the Southern Hills area of Lincoln, NE is a 1 Bed unit found at Salt Valley View Apartments priced from $750. 4615 Prescott Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Southern Hills apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
Salt Valley View ApartmentsOne Bedroom1BR,1BA$750
4615 Prescott Avenue1 Beds, 1 Baths1BR,1BA$800
Williamsburg ApartmentsSerenity 1-Bed1BR,1BA$865
Ruskin PlaceOne Bedroom A1BR,1BA$871
Embassy Park Apartments1 Bed 1 Bath1BR,1BA$875
Skyline ViewCompassStudio,1BA$925
Colonial HeightsA11BR,1BA$949
Sutter Place1 Bed, 1 Bath1BR,1BA$950
3831 S 46th St2 Beds, 1.5 Baths2BR,1BA$995
56th Street Lofts &2 BR/1 BA2BR,1BA$1,000

Best Value Apartments for Rent in Southern Hills, NE

As of July 09, 2026 the best value apartment in the Southern Hills area is the $1.26 price per square foot The Wilber Model at The Mirada in the in the Southern Hills neighborhood starting from $1,625. The second greatest value Southern Hills apartment is the 5100 Attached Garage Model at Kensington Park starting at $1,215 with a $1.22 price per square foot in the Family Acres neighborhood. Here is today’s list of the best values for Southern Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The MiradaThe Wilber2BR,2BA$1.26
Kensington Park5100 Attached Garage2BR,2BA$1.22
3831 S 46th St2 Beds, 1.5 Baths2BR,1.5BA$1.04
Williamsburg Park ApartmentsRoanoke River1BR,1BA$1.30
56th Street Lofts &1 BR/1 BA1BR,1BA$1.32
Sutter Place1 Bed, 1 Bath1BR,1BA$1.19
Ruskin PlaceOne Bedroom A1BR,1BA$1.21
Colonial HeightsA11BR,1BA$1.33
Salt Valley View ApartmentsOne Bedroom1BR,1BA$1.15
4615 Prescott Avenue1 Beds, 1 Baths1BR,1BA$1.32

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
Southern Hills, Lincoln, NE

Ranked #5

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
Southern Hills, Lincoln, NE

School data provided by Great Schools

Lifestyle Ratings

Our team compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including 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 easy access to the parks, luxury amenities, places to raise kids, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Southern Hills Apartments

What is a cheap apartment in Southern Hills?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southern Hills is under $1,000.

What is the price of a cheap apartment in Southern Hills?

The cheapest apartment in Southern Hills is Salt Valley View Apartments which is listed at $750, while the average apartment in Southern Hills costs $1,800.

What types of apartments are the cheapest in Southern Hills?

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 16 regular apartments in Southern Hills 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 Southern Hills?

Cheap apartments in Southern Hills have an average cost of $181 which is $1,619 cheaper than the average rent for all rentals in Southern Hills.

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

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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.

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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.

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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.

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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.