
Cheap Homes for Rent in Wallace, NE from $300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Wallace.


906 East E Street

1300 E H St
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.

902 East E Street

2016 H Avenue

1704 Jackson St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Wallace, NE Local Guide

How much does it cost to rent a home in Wallace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wallace 2 Bedroom Homes for Rent | $828 | $300 | $1,500 |
| Wallace 3 Bedroom Homes for Rent | $950 | $900 | $1,000 |
Browse Top Homes for Rent in Wallace
Explore Wallace
Wallace, NE Local Guide
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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. Burlington Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Wallace apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Great Plains Apartments | 1 Bed 1 Bath | 1BR,1BA | $500 |
| Burlington Place | 1 Bed 1 Bath | 1BR,1BA | $675 |
| The Preston | 1-Bedroom | 1BR,1BA | $699 |
Best Value Apartments for Rent in Wallace, NE and Nearby
As of June 19, 2026 the best value apartment in the Wallace area is the $1.13 price per square foot 3 Bedroom Model at South Platte Terrace Apartments in the starting from $1,185. The second greatest value Wallace apartment is the The Riverside Model at Pacific Heights starting at $1,255 with a $1.28 price per square foot . Here is today’s list of the best values for Wallace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| South Platte Terrace Apartments | 3 Bedroom | 3BR,2BA | $1.13 |
| Pacific Heights | The Riverside | 2BR,2BA | $1.28 |
| 6th Dimension Apartments | 2 Bedroom | 2BR,1BA | $1.10 |
| Kelley Creek | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.02 |
| 550 E 2nd St, Unit 1 | 550 E 2nd St | 2BR,1BA | $1.27 |
| Lakeside | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.12 |
| Oak View Apartments | 2BR/1.0BA | 2BR,1BA | $1.00 |
| Burlington Place | 1 Bed 1 Bath | 1BR,1BA | $1.01 |
| Westside | 1 Bed 1 Bath | 1BR,1BA | $1.05 |
| Great Plains Apartments | 1 Bed 1 Bath | 1BR,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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Wallace, NE Rentals by Map
See the most popular apartments and homes in Wallace, NE
Frequently Asked Questions about Wallace
What type of rentals are currently available in Wallace?
There are currently 36 Apartments for Rent in Wallace, NE with pricing that ranges from $500 to $1,750. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wallace ranging from $300 to $1,500.
What is the current price range for Rental Homes in Wallace?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wallace ranges from $300 to $1,500 with an average monthly rent of $809.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.