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

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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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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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

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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35 West
Studio to 2 Bedroom Apartments

35 West

3455 Holdrege StLincoln, NE 68503
  • Utilities Included
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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

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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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

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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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 4900 Huntington Ave priced from $800. LINQ Portfolio has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable University Place apartments for rent in Lincoln, NE:

Apartment ListingModel NameBed/BathPriced From
4900 Huntington Ave1 Beds, 1 Baths1BR,1BA$800
LINQ Portfolio1429 N 341BR,1BA$825
2860491 Beds, 1 Baths1BR,1BA$850
5050 Cleveland Ave1 Beds, 1 Baths1BR,1BA$899
Shacks, LLC2 Beds, 1 Baths2BR,1BA$995
4701-4715 Gladstone St2 Beds, 1 Baths2BR,1BA$1,025
The Flats at Leighton DistrictBaldwin IStudio,1BA$1,038
Square at 48Two Bedroom2BR,2BA$1,550

Best Value Apartments for Rent in University Place, NE

As of June 08, 2026 the best value apartment in the University Place area is the $1.33 price per square foot Two Bedroom Model at Square at 48 in the in the Taylor Park neighborhood starting from $1,550. The second greatest value University Place apartment is the 4945 Walker Ave Model at 4945 Walker Ave starting at $1,295 with a $1.30 price per square foot in the Taylor Park 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.
Square at 48Two Bedroom2BR,2BA$1.33
4945 Walker Ave4945 Walker Ave3BR,2BA$1.30
Shacks, LLC2 Beds, 1 Baths2BR,1BA$1.20
4701-4715 Gladstone St2 Beds, 1 Baths2BR,1BA$1.27
4225 Baldwin Ave4225 Baldwin Ave2BR,1BA$1.10
The Flats at Leighton DistrictLexington II (Loft)1BR,1BA$2.05
LINQ Portfolio1429 N 341BR,1BA$1.26
2860491 Beds, 1 Baths1BR,1BA$1.30
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

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
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

What is the lowest price for a Cheap Two Bedroom University Place Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University Place is starting from $995 at Shacks, LLC.

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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.