
Cheap Homes for Rent in Lincoln, NM from $900 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Lincoln.


712 S Washington Ave

900 Davidson Dr

1605 N Delaware Ave
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.

404 S Spruce Ave

1505 Apple Ave

901 N Orchard Ave

1111 N Washington Ave

1606 N Delaware Ave

1025 Crescent Dr
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.

630 E 6th St

2403 Princeton Ave
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.

602 S Woody Dr

111 Flume Canyon Dr

1100 Chautauqua
Lincoln, NM Local Guide

How much does it cost to rent a home in Lincoln?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lincoln 2 Bedroom Homes for Rent | $1,050 | $900 | $1,200 |
Lincoln 3 Bedroom Homes for Rent | $1,646 | $1,050 | $2,800 |
Lincoln 4 Bedroom Homes for Rent | $1,987 | $1,000 | $2,600 |
Browse Top Homes for Rent in Lincoln
Explore Lincoln
Lincoln, NM Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Roselawn Manor | One Bedroom | 1BR,1BA | $422 |
100 Lower Terrace Dr | Studio | Studio,1BA | $550 |
Los Arcos and Starlight Court | Los Arcos 2 bedroom | 2BR,1BA | $568 |
Sierra Vista Village | 1B/1B Flat | 1BR,1BA | $650 |
Mirador Apartments | 1 BEDROOM | 1BR,1BA | $700 |
Best Value Apartments for Rent in Lincoln, NM and Nearby
As of June 01, 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 Two Bedroom Model at Tia Maria starting at $1,100 with a $1.22 price per square foot . Here is today’s list of the best values for Lincoln apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
100 Lower Terrace Dr | 2 BR | 2BR,1BA | $0.90 |
Tia Maria | Two Bedroom | 2BR,1BA | $1.22 |
Villas of Briar Ridge | 2 Bed, 1 Bath | 2BR,1BA | $1.31 |
EMLI Artesia: Income Qualify Today | One Bedroom - 60% Tax Credit | 1BR,1BA | $1.28 |
Los Arcos and Starlight Court | Starlight Court two bedroom | 2BR,1BA | $0.85 |
Christa Lee Manor Apartments | F27 | 1BR,1BA | $1.16 |
Yucca Flats Apartments | One Bedroom | 1BR,1BA | $1.43 |
Pueblo Chamisa | Lea - One Bedroom | 1BR,1BA | $1.19 |
Sierra Vista Village | 2B/1B | 1BR,1BA | $1.42 |
Roselawn Manor | One Bedroom | 1BR,1BA | $0.72 |
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.
Frequently Asked Questions about Lincoln
What type of rentals are currently available in Lincoln?
There are currently 35 Apartments for Rent in Lincoln, NM with pricing that ranges from $500 to $2,800. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lincoln ranging from $900 to $2,800.
What is the current price range for Rental Homes in Lincoln?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lincoln ranges from $900 to $2,800 with an average monthly rent of $1,514.
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.

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.

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.

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.

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.