Cheap Apartments for Rent near Wallace, NE from $500 (28 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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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.

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Pine Village
3 Bedroom Apartments

Pine Village

610 School StRexford, KS 67753

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.

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Vintage Rows
2 Bedroom Apartments

Vintage Rows

1210 Liberty DrLexington, NE 68850
Senior Living
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Bel Apartments
Studio to 2 Bedroom Apartments

Bel Apartments

204 W 6th StLexington, NE 68850
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Iron Horse Flats
Studio to 3 Bedroom Apartments

Iron Horse Flats

201 West AveHoldrege, NE 68949
Corporate Housing

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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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
The Preston1-Bedroom1BR,1BA$699
Lakeside2 Bed 1.5 Bath2BR,1BA$730
South Platte Terrace Apartments2 Bedroom2BR,1BA$820
Crestview2 Bed 1.5 Bath2BR,1BA$835
Heartland Flats AllianceMarlowe1BR,1BA$899
The Cooper Apartment Homes2-Bedroom2BR,1BA$899

Best Value Apartments for Rent in Wallace, NE and Nearby

As of August 03, 2026 the best value apartment in the Wallace area is the $1.04 price per square foot 610 Model at The Isobel on 6th Ave in the starting from $1,250. 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.
The Isobel on 6th Ave6102BR,1BA$1.04
Westside2 Bed 2 Bath Loft2BR,2BA$0.82
South Platte Terrace Apartments3 Bedroom3BR,2BA$1.02
6th Dimension Apartments2 Bedroom2BR,1BA$1.10
Kelley Creek2 Bed 1.5 Bath2BR,1.5BA$1.02
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
1103 5th St, Unit 61103 5th St1BR,1BA$1.04
631 Illinois St, Unit E631 Illinois St1BR,1BA$1.00

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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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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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.

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

Explore Wallace, NE Rentals by Map

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Frequently Asked Questions about Cheap Wallace Apartments

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 $1,075.

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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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.

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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.

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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.