Cheapest Neighborhoods in Lincoln, NE
Some of the cheapest neighborhoods in Lincoln are Near South, Belmont, and West Lincoln. These neighborhoods offer some of the lowest rent prices in Lincoln, making them ideal for renters on a budget. As of August 6, 2026, the average rent in Lincoln is $1,103, which is 1.9% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Near South
Average Rent
$689/Month
Year-Over-Year Rent Change
0.9%
Units Available
11 Rentals
When you’re looking for a great Lincoln neighborhood on a budget, check out Near South. The average rent is $689, compared to the city average of $1,103. Rent prices have increased by 0.9%. Near South is convenient to Nebraska Wesleyan University, Lincoln Children's Zoo, and South Street Plaza.
Belmont
Average Rent
$835/Month
Year-Over-Year Rent Change
2%
Units Available
25 Rentals
Belmont is an affordable neighborhood in Lincoln with an average rent price of $835. Compare this to the city average of $1,103. In the past year, rent prices have increased by 2%. Belmont provides easy access to Nebraska Wesleyan University, Lincoln, and Belmont Shopping Center.
West Lincoln
Average Rent
$946/Month
Year-Over-Year Rent Change
9.6%
Units Available
32 Rentals
West Lincoln offers a quiet atmosphere and is close to nearby amenities like Oak Lake Park and the Lincoln Airport. Its location between I-80 and I-180 makes it the perfect area for commuters.
Lionsgate
Average Rent
$990/Month
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Lincoln, Lionsgate might be the perfect place! It has an average rent price of $990, while the city’s average stands at $1,103.
Southwood
Average Rent
$1,035/Month
Units Available
12 Rentals
Southwood is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southwood is $1,035 while the city average is $1,103.
Hartley
Average Rent
$1,038/Month
Year-Over-Year Rent Change
2.1%
Units Available
15 Rentals
Hartley is a cheerful suburban neighborhood popular for its proximity to Downtown Lincoln. Residents of Hartley appreciate the nearby local businesses and public amenities that give the neighborhood a community feel.
Bethany
Average Rent
$1,067/Month
Year-Over-Year Rent Change
2.2%
Units Available
14 Rentals
Bethany is a historic neighborhood residents love because of its quiet streets and close-knit community. Bethany Park and Gateway Mall are two neighborhood staples, ensuring residents enjoy a balance of natural charm and modern convenience.
Crown Pointe
Average Rent
$1,135/Month
Year-Over-Year Rent Change
3.1%
Units Available
26 Rentals
Crown Pointe is an upscale neighborhood situated between country clubs to the east and Holmes lake to the west. Holmes Lake and its surrounding parks offer boating, fishing, and picnicking opportunities as well as multiple sports fields.
Skyline Rolling Hills
Average Rent
$1,150/Month
Units Available
10 Rentals
When you’re looking for a great Lincoln neighborhood on a budget, check out Skyline Rolling Hills. The average rent is $1,150, compared to the city average of $1,103. Skyline Rolling Hills is convenient to Old Cheney Shopping Center, Pioneers Park Nature Center, and Nebraska Wesleyan University.
University Place
Average Rent
$1,188/Month
Year-Over-Year Rent Change
2.2%
Units Available
72 Rentals
University Place lives up to its name with both Nebraska Wesleyan University and University of Nebraska-Lincoln: East Campus. The neighborhood's colleges enhance the community, and renters will appreciate the walkability and cultural opportunities at the colleges.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.