
Cheap Apartments for Rent in the University Place Neighborhood of Lincoln, NE from $400 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Place area of Lincoln.


35 East Apartments

Meadowlark

Countyshire Apartments

Total Monthly Price
4945 Walker Ave, Unit Apt1

Meadowlark Apartments

Meadowlark Apartments

Shacks, LLC

5420-5430 Ervin St
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.

1625 Deweese Dr

5125 Huntington Ave

5440 Cleveland Avenue

4832 Garland St

4925 Greenwood St

3706 N 44th St

35 West

4221 Holdrege St

4912 Cleveland Ave
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.

1502 David Dr

The Pines

4011 Saint Paul Ave

3721 N 56th St

3800 N 52nd St

The Flats at Leighton District

LINQ Portfolio

Cheever Pointe Apartments

Crescent Plaza Apartments
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.

4840 Cleveland Avenue

4917 Walker Ave

286049

4717 Baldwin Ave

3500 S 35th St

1501 David Dr

3201 N 41st St

Visser Apartments

Ashley Square Apartments
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.

4633 Baldwin Ave

Lincoln Manor
University Place, Lincoln, NE Local Guide

How much does it cost to rent an apartment in University Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Place Studio Apartments | $1,122 | $950 | $1,175 |
| University Place 1 Bedroom Apartments | $1,144 | $425 | $1,325 |
| University Place 2 Bedroom Apartments | $1,392 | $829 | $1,625 |
| University Place 4 Bedroom Apartments | $1,799 | $1,749 | $1,849 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the University Place Neighborhood of Lincoln, NE.
See all Apartments in LincolnExplore Lincoln
University Place, Lincoln, NE Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Countyshire Apartments | 1x1-640sqf | 1BR,1BA | $700 |
| 4900 Huntington Ave | 1 Beds, 1 Baths | 1BR,1BA | $799 |
| LINQ Portfolio | 1429 N 34 | 1BR,1BA | $825 |
| 5050 Cleveland Ave | 1 Beds, 1 Baths | 1BR,1BA | $899 |
| 286049 | 2 Beds, 1 Baths | 2BR,1BA | $985 |
| 4701-4715 Gladstone St | 2 Beds, 1 Baths | 2BR,1BA | $1,025 |
| Shacks, LLC | 2 Beds, 1 Baths | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 4945 Walker Ave, Unit Apt1 | 4945 Walker Ave | 4BR,2BA | $0.87 |
| Shacks, LLC | 2 Beds, 1 Baths | 2BR,1BA | $1.45 |
| 4701-4715 Gladstone St | 2 Beds, 1 Baths | 2BR,1BA | $1.27 |
| 286049 | 2 Beds, 1 Baths | 2BR,1BA | $1.28 |
| LINQ Portfolio | 1429 N 34 | 1BR,1BA | $1.26 |
| Countyshire Apartments | 1x1-640sqf | 1BR,1BA | $1.09 |
| 5050 Cleveland Ave | 1 Beds, 1 Baths | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleUniversity Place, Lincoln, NE
Ranked #68
Among cities in Nebraska for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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

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.

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.

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.

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.