Cheap Apartments for Rent in the University Place Neighborhood of Lincoln, NE from $400 (12 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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3500 S 35th St
1 Bedroom Apartments

3500 S 35th St

3500 S 35th StLincoln, NE 68506
  • Utilities Included
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LINQ Portfolio
1 Bedroom Apartments

LINQ Portfolio

3341 Holdrege StLincoln, NE 68503
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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4917 Walker Ave
1 Bedroom Apartments

4917 Walker Ave

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

286049

1429 N 34th StLincoln, NE 68503

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 4 Beds unit found at Latitude Lincoln priced from $618. Trenridge Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $935. Here are the most affordable University Place apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
Latitude Lincoln4BR/3BA - C Terrace4BR,3BA$618
Trenridge GardensChestnut 1BR,1BA$935
Cheever Apartments1 Beds, 1 Baths1BR,1BA$995
Meadowlark1BR/1.0BA1BR,1BA$995
Bridgeport ApartmentsLaurel2BR,2BA$1,037

Best Value Apartments for Rent in University Place, NE

As of June 04, 2025 the best value apartment in the University Place area is the $1.45 price per square foot Tree Haven Model at Cascade Pines Duplexes in the in the University Place neighborhood starting from $2,363. The second greatest value University Place apartment is the Ashport & Northport Model at Bridgeport Apartments starting at $1,449 with a $1.26 price per square foot in the University Place 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.
Cascade Pines DuplexesTree Haven2BR,2BA$1.45
Bridgeport ApartmentsAshport & Northport3BR,2BA$1.26
Cheever Apartments2 Beds, 1 Baths2BR,1BA$1.30
Meadowlark1BR/1.0BA1BR,1BA$1.30
Trenridge GardensChestnut 1BR,1BA$1.25
The Flats at Leighton DistrictLexington I (Loft)1BR,1BA$2.05
Latitude LincolnStudio - PremiumStudio ,1BA$2.74

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Pet Friendly Lifestyle
University Place, Lincoln, NE

Ranked #49

Among neighborhoods in Lincoln, NE for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the University Place Neighborhood in Lincoln, NE

Walk Score®

67 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

67 / 100

Bikeable

Some bike infrastructure

Transit Score®

29 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap University Place Apartments

What is the price of a cheap apartment in University Place?

The cheapest apartment in University Place is Trenridge Gardens which is listed at $935, while the average apartment in University Place costs $1,449.

What types of apartments are the cheapest in University Place?

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 27 regular apartments in University Place 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 University Place?

Cheap apartments in University Place have an average cost of $617 which is $832 cheaper than the average rent for all rentals in University Place.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.