Please provide a location to search for

Apartments for Rent in Lincoln, NE under $500 – 28 Rentals available

  • Apartment
    6201 S. 34Th St., Lincoln, NE 68516
    $1 - $1,365
    • 1-3 Beds
    • 2 Baths
    Available Today!
    (402) 436-3424
  • Apartment
    8300 Cheney Ridge Road, Lincoln, NE 68516
    $1 - $1,750
    • Studio-3 Beds
    • 2 Baths
    Available Today!
    (402) 858-2070
  • Apartment
    1430 Old Farm Rd., Lincoln, NE 68512
    $1 - $1,399
    • Studio-3 Beds
    • 2 Baths
    Available Today!
    (402) 436-3477
  • Apartment
    3055 Crescent Drive, Lincoln, NE 68516
    $1 - $2,000
    • Studio-3 Beds
    • 2 Baths
    Available Today!
    (402) 858-8945
  • Apartment
    4441 N. 1St St., Lincoln, NE 68521
    $1 - $1,365
    • Studio-3 Beds
    • 2 Baths
    Available Today!
    (402) 436-3483
  • Apartment
    7015 S. 38Th St., Lincoln, NE 68516
    $1 - $1,315
    • Studio-3 Beds
    • 2 Baths
    Available Today!
    (402) 436-3484
  • Apartment
    6010 Meridian Dr., Lincoln, NE 68504
    $1 - $1,455
    • 1-2 Beds
    • 2 Baths
    Available Today!
    (402) 436-3495
  • Apartment
    1800 Fletcher Avenue, Lincoln, NE 68521
    $1 - $1,765
    • Studio-3 Beds
    • 2 Baths
    Available Today!
    (402) 436-3433
  • Apartment
    8450 Hollynn Ln., Lincoln, NE 68512
    $1 - $2,195
    • 1-3 Beds
    • 2 Baths
    (402) 436-3407
  • Apartment
    2720 N 2Nd St, Lincoln, NE 68521
    $405 - $949
    • Studio-3 Beds
    • 2 Baths
    (855) 217-5304
  • Apartment
    8430 Fremont St., Lincoln, NE 68507
    $1 - $1,715
    • 1-3 Beds
    • 2 Baths
    (402) 858-1087
  • Apartment
    2801 NW 1St Street, Lincoln, NE 68521
    $405 - $949
    • Studio-3 Beds
    • 2 Baths
    (855) 217-5304
  • Apartment
    6157 NW 2Nd Circle, Lincoln, NE 68521
    $1 - $1,220
    • Studio-3 Beds
    • 2 Baths
    (402) 436-3452
  • Loft
    2515 J St., Lincoln, NE 68510
    $1 - $990
    • Studio-3 Beds
    • 2 Baths
    (402) 436-3461
  • Townhouse
    7015 S. 38Th St., Lincoln, NE 68516
    $1 - $1,590
    • 1-3 Beds
    • 2 Baths
    (402) 436-3484
  • Apartment
    2801 NW 1St St, Lincoln, NE 68521
    $405 - $949
    • Studio-3 Beds
    • 2 Baths
    (402) 475-5578
  • Nebraska
    2901 Fletcher Ave., Lincoln, NE 68504
    $1 - $1,375
    • 1-3 Beds
    • 2 Baths
    (402) 436-3410
  • Apartment
    8801 Executive Woods Drive, Lincoln, NE 68512
    $1 - $1,945
    • 1-3 Beds
    • 2 Baths
    (402) 436-3406
  • Apartment
    6010 Meridian Dr., Lincoln, NE 68504
    $1 - $1,770
    • 2-3 Beds
    • 2 Baths
    (402) 436-3494
  • Nebraska
    2920 N. 54Th St., Lincoln, NE 68504
    $1 - $640
    • 1-2 Beds
    • 2 Baths
    (402) 436-3461
  • Apartment
    2840 Fletcher Ave., Lincoln, NE 68504
    $1 - $1,300
    • Studio-3 Beds
    • 2 Baths
    (402) 436-3415
  • Apartment
    1617 F St., Lincoln, NE 68508
    $1 - $990
    • Studio-3 Beds
    • 2 Baths
    (402) 436-3461

Popular Searches

Lincoln, NE Demographics

  • Total Population277,315
  • Female 139,057
    Male 138,258
  • Median Age32.4

Average Rent in Lincoln, NE

  • Lincoln, NE Average Rental Price, May 2019$945/mo

Lincoln, NE Apartment Rent Ranges

  • < $5001%
  • $501-$70015%
  • $701-$1,00058%
  • $1,001-$1,50020%
  • $1,501-$2,0002%
  • > $2,0003%

Lincoln, NE Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 May / 2019
Lincoln, NE $884 $896 $903 $896 $912 $917 $911 $911 $945
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
/

Lincoln, NE Households

  • Total Number of Households110,521
  • Family 64,519
    Non-family 46,002
  • Children 32,199
    No Children 78,322
  • Average People Per Household2.39
  • Median Household Income$53,089
  • Median Housing Costs Per Month$897

Lincoln, NE Education Statistics

  • No High School2%
  • Some High School27%
  • Some College27%
  • Associate Degree10%
  • Bachelor Degree23%
  • Graduate Degree11%

Renting apartments in Lincoln, NE under $500

Searching for apartments for rent in Lincoln, NE under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RENTCafé can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Lincoln, NE, where the average rent is $731 per month, there are 28 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Lincoln, NE. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Lincoln, NE going for $405 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!