
Cheap Homes for Rent in the University Place Neighborhood of Lincoln, NE from $850 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the University Place area of Lincoln.

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.

2740 N 49th St
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.

3341 Holdrege St
University Place, Lincoln, NE Local Guide

How much does it cost to rent a home in University Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Place 2 Bedroom Homes for Rent | $1,102 | $995 | $1,200 |
| University Place 4 Bedroom Homes for Rent | $3,550 | $3,550 | $3,550 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the University Place Neighborhood of Lincoln, NE.
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University Place, Lincoln, NE Local Guide
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Best Value Apartments for Rent in University Place, NE
As of September 07, 2026 the best value apartment in the University Place area is the $1.39 price per square foot 2 Beds, 1 Baths Model at Shacks, LLC in the in the Eastridge neighborhood starting from $1,150. The second greatest value University Place apartment is the 4106 Baldwin Ave Model at 4106 Baldwin Ave, Unit 4 starting at $900 with a $1.10 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shacks, LLC | 2 Beds, 1 Baths | 2BR,1BA | $1.39 |
| 4106 Baldwin Ave, Unit 4 | 4106 Baldwin Ave | 2BR,1BA | $1.10 |
| LINQ Portfolio | 1429 N 34 | 1BR,1BA | $1.26 |
| 286049 | 1 Beds, 1 Baths | 1BR,1BA | $1.22 |
| Square at 48 II | Aspen | 1BR,1BA | $2.05 |
| Square at 48 | Aspen | 1BR,1BA | $2.05 |
| 4912 Cleveland Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.33 |
| 2500 North 56th Street | 1 Beds, 1 Baths | 1BR,1BA | $1.49 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 University Place
What type of rentals are currently available in University Place?
There are currently 131 Apartments for Rent in University Place, NE with pricing that ranges from $650 to $2,262. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Place ranging from $850 to $3,550.
What is the current price range for Rental Homes in University Place?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Place ranges from $850 to $3,550 with an average monthly rent of $1,321.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.