Cheap Apartments for Rent in Lincoln, NM from $400 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lincoln.

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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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.

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311 Mechem Dr
Studio to 3 Bedroom Apartments

311 Mechem Dr

311 Mechem DrRuidoso, NM 88345
  • Utilities Included
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100 Lower Terrace Dr
Studio to 2 Bedroom Apartments

100 Lower Terrace Dr

100 Lower Terrace DrRuidoso, NM 88345
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708 W 13th St
1 Bedroom Apartments

708 W 13th St

708 W 13th StRoswell, NM 88201
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Navigating 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.

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101 N 25th St
1 to 2 Bedroom Apartments

101 N 25th St

101 N 25th StArtesia, NM 88210
  • Utilities Included
Showing Results 1-19, Page 1 of 1

Lincoln, NM Local Guide

Cheapest Available Lincoln Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lincoln, NM is a 1 Bed unit found at Roselawn Manor priced from $422. 100 Lower Terrace Dr has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Lincoln apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Roselawn ManorOne Bedroom1BR,1BA$422
100 Lower Terrace DrStudioStudio,1BA$550
311 Mechem DrStudioStudio,1BA$550
Sierra Vista Village1B/1B Flat1BR,1BA$650
Mirador Apartments1 BEDROOM1BR,1BA$700

Best Value Apartments for Rent in Lincoln, NM and Nearby

As of June 04, 2025 the best value apartment in the Lincoln area is the $0.90 price per square foot 2 BR Model at 100 Lower Terrace Dr in the starting from $900. The second greatest value Lincoln apartment is the 3 BR Model at 311 Mechem Dr starting at $1,300 with a $1.30 price per square foot . Here is today’s list of the best values for Lincoln apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
100 Lower Terrace Dr2 BR2BR,1BA$0.90
311 Mechem Dr3 BR3BR,2BA$1.30
Tia MariaTwo Bedroom2BR,1BA$1.22
Villas of Briar Ridge2 Bed, 1 Bath2BR,1BA$1.31
EMLI Artesia: Income Qualify TodayOne Bedroom - 60% Tax Credit1BR,1BA$1.28
Christa Lee Manor ApartmentsF271BR,1BA$1.16
Yucca Flats ApartmentsOne Bedroom1BR,1BA$1.43
Pueblo ChamisaLea - One Bedroom1BR,1BA$1.19
Sierra Vista Village2B/1B1BR,1BA$1.42
Roselawn ManorOne Bedroom1BR,1BA$0.72

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lincoln, NM Rentals by Map

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See the most popular apartments and homes in Lincoln, NM

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Frequently Asked Questions about Cheap Lincoln Apartments

How much is rent for a Cheap One Bedroom Lincoln Apartment?

The lowest price for a Cheap One Bedroom Lincoln Apartment is $422 at Roselawn Manor.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lincoln is starting from $500 at Roselawn Manor.

What is the most affordable Lincoln Three Bedroom Apartment?

The best deal on a cheap Lincoln Three Bedroom Apartment rental is at Villas of Briar Ridge and starts from $1,157.

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.