Cheap Apartments for Rent in the University Place Neighborhood of Lincoln, NE from $400 (38 Rentals)

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

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Meadowlark Apartments
Studio to 2 Bedroom Apartments

Meadowlark Apartments

1630 N 56th StLincoln, NE 68504
  • Utilities Included
  • Smoke Free
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Shacks, LLC
2 Bedroom Apartments

Shacks, LLC

3405 HoldregeLincoln, NE 68503
Student Housing
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5420-5430 Ervin St
1 to 2 Bedroom Apartments

5420-5430 Ervin St

5420-5430 Ervin StLincoln, NE 68504

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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1625 Deweese Dr
Studio Apartments

1625 Deweese Dr

1625 Deweese DrLincoln, NE 68504
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4832 Garland St
Studio Apartments

4832 Garland St

4832 Garland StLincoln, NE 68504
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3706 N 44th St
2 Bedroom Apartments

3706 N 44th St

3706 N 44th StLincoln, NE 68504
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35 West
Studio to 2 Bedroom Apartments

35 West

3455 Holdrege StLincoln, NE 68503
  • 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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1502 David Dr
3 Bedroom Apartments

1502 David Dr

1502 David DrLincoln, NE 68504
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The Pines
2 Bedroom Apartments

The Pines

4927 Walker AveLincoln, NE 68504
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3721 N 56th St
2 Bedroom Apartments

3721 N 56th St

3721 N 56th StLincoln, NE 68504
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3800 N 52nd St
2 Bedroom Apartments

3800 N 52nd St

3800 N 52nd StLincoln, NE 68504
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LINQ Portfolio
1 to 2 Bedroom Apartments

LINQ Portfolio

3341 Holdrege StLincoln, NE 68503
  • Utilities Included

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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4917 Walker Ave
Studio to 2 Bedroom Apartments

4917 Walker Ave

4917 Walker AveLincoln, NE 68504
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286049
1 to 2 Bedroom Apartments

286049

1429 N 34th StLincoln, NE 68503
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3500 S 35th St
1 Bedroom Apartments

3500 S 35th St

3500 S 35th StLincoln, NE 68506
  • Utilities Included
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1501 David Dr
2 Bedroom Apartments

1501 David Dr

1501 David DrLincoln, NE 68504
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3201 N 41st St
Studio Apartments

3201 N 41st St

3201 N 41st StLincoln, NE 68504
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Visser Apartments
1 to 3 Bedroom Apartments

Visser Apartments

3646 N 48th StLincoln, NE 68504
  • Utilities Included

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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4633 Baldwin Ave
Studio Apartments

4633 Baldwin Ave

4633 Baldwin AveLincoln, NE 68504
  • Utilities Included
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Lincoln Manor
Studio to 2 Bedroom Apartments

Lincoln Manor

2626 N 49th StLincoln, NE 68504
Senior Living

University Place, Lincoln, NE Local Guide

Cheapest Available University Place Apartments for Rent

 

The cheapest available apartment rental in the University Place area of Lincoln, NE is a 1 Bed unit found at Countyshire Apartments priced from $700. 4900 Huntington Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable University Place apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
Countyshire Apartments1x1-640sqf1BR,1BA$700
4900 Huntington Ave1 Beds, 1 Baths1BR,1BA$799
LINQ Portfolio1429 N 341BR,1BA$825
5050 Cleveland Ave1 Beds, 1 Baths1BR,1BA$899
2860492 Beds, 1 Baths2BR,1BA$985
4701-4715 Gladstone St2 Beds, 1 Baths2BR,1BA$1,025
Shacks, LLC2 Beds, 1 Baths2BR,1BA$1,200

Best Value Apartments for Rent in University Place, NE

As of July 23, 2026 the best value apartment in the University Place 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 University Place apartment is the 2 Beds, 1 Baths Model at Shacks, LLC starting at $1,200 with a $1.45 price per square foot in the Eastridge neighborhood. Here is today’s list of the best values for University Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4945 Walker Ave, Unit Apt14945 Walker Ave4BR,2BA$0.87
Shacks, LLC2 Beds, 1 Baths2BR,1BA$1.45
4701-4715 Gladstone St2 Beds, 1 Baths2BR,1BA$1.27
2860492 Beds, 1 Baths2BR,1BA$1.28
LINQ Portfolio1429 N 341BR,1BA$1.26
Countyshire Apartments1x1-640sqf1BR,1BA$1.09
5050 Cleveland Ave1 Beds, 1 Baths1BR,1BA$1.50

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

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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
University Place, Lincoln, NE

Ranked #68

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap University Place Apartments

How much is rent for a Cheap One Bedroom University Place Apartment?

The lowest price for a Cheap One Bedroom University Place Apartment is $700 at Countyshire Apartments.

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.

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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.

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.