Cheap Apartments for Rent near Wallace, NE from $500 (29 Rentals)

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

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.

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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.

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Pine Village
3 Bedroom Apartments

Pine Village

610 School StRexford, KS 67753
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Vintage Rows
2 Bedroom Apartments

Vintage Rows

1210 Liberty DrLexington, NE 68850
Senior Living
property at 601 N Custer Ave
$850

Total Monthly Price

Base Rent$850
Total Monthly Price$850
2 Bedroom, 1 Bath Home for Rent
Available Now

601 N Custer Ave

FlemingCO80728

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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Showing Results 1-29, Page 1 of 1

Wallace, NE Local Guide

Cheapest Available Wallace Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wallace, NE is a 1 Bed unit found at Great Plains Apartments priced from $500. Westside has the second lowest priced unit, which is a 2 Beds apartment currently listed from $615. Here is today’s list of the most affordable Wallace apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Great Plains Apartments1 Bed 1 Bath1BR, 1BA$500
Westside2 Bed 1 Bath2BR, 1BA$615
Vintage Rows2BR/1.0BA2BR, 1BA$695
The Preston1-Bedroom1BR, 1BA$699
Lakeside2 Bed 1.5 Bath2BR, 1BA$730
Bel Apartments1-Bedroom- Fully Furnished1BR, 1BA$775
Crestview2 Bed 1.5 Bath2BR, 1BA$835
Burlington Place2 Bed 2 Bath Loft2BR, 2BA$855
Heartland Flats AllianceMarlowe1BR, 1BA$899
Kelley Creek2 Bed 1.5 Bath2BR, 1BA$900

Best Value Apartments for Rent in Wallace, NE and Nearby

As of September 19, 2026 the best value apartment in the Wallace area is the $0.80 price per square foot 2 Bed 2 Bath Loft Model at Burlington Place starting from $855. The second greatest value Wallace apartment is the 2 Bed 2 Bath Loft Model at Westside starting at $870 with a $0.82 price per square foot. Here is today’s list of the best values for Wallace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Burlington Place2 Bed 2 Bath Loft2BR, 2BA$0.80
Westside2 Bed 2 Bath Loft2BR, 2BA$0.82
314 W Philip Ave, Unit 4314 W Philip Ave2BR, 1BA$0.93
Vintage Rows2BR/1.0BA2BR, 1BA$0.74
6th Dimension Apartments2 Bedroom2BR, 1BA$1.10
Kelley Creek2 Bed 1.5 Bath2BR, 1.5BA$1.02
Bel Apartments1-Bedroom- Fully Furnished1BR, 1BA$0.91
Crestview2 Bed 1.5 Bath2BR, 1.5BA$0.99
Lakeside2 Bed 1 Bath2BR, 1BA$1.06
Great Plains Apartments1 Bed 1 Bath1BR, 1BA$0.77

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

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Frequently Asked Questions about Cheap Wallace Apartments

What is the Cheapest Studio apartment in Wallace?

Currently the most affordable Cheap Studio Apartment in Wallace is at Heartland Flats Alliance listed at $899.

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

The lowest price for a Cheap One Bedroom Wallace Apartment is $500 at Great Plains Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Wallace is starting from $575 at Great Plains Apartments.

What is the most affordable Wallace Three Bedroom Apartment?

The best deal on a cheap Wallace Three Bedroom Apartment rental is at South Platte Terrace Apartments and starts from $1,185.

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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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.

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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.