Cheap Apartments for Rent in 62701
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Apartments For Rent Near 62701
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Use arrow keys to navigateAPPLY INSTANTLY- PET FRIENDLY$699 - $845/mo
1-2 Beds
1 BathLincoln Senior Flats | 1455 Castle Manor Dr #95cdb5188,
Lincoln, IL 62656 
PET FRIENDLYINCOME RESTRICTED
NEW - 2 DAYS AGOAPPLY INSTANTLY
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NEW - 11 HRS AGO
NEW - 13 HRS AGO
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NEW - 2 DAYS AGO
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PET FRIENDLY
NEW - 2 DAYS AGOAPPLY INSTANTLYPET FRIENDLY
Average Rent Trends in 62701
Rent in 62701 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,569 |
| Jul 2025 | $2,524 |
| Aug 2025 | $2,519 |
| Sep 2025 | $2,460 |
| Oct 2025 | $2,172 |
| Nov 2025 | $1,812 |
| Dec 2025 | $1,675 |
| Jan 2026 | $1,922 |
| Feb 2026 | $2,450 |
| Mar 2026 | $3,449 |
| Apr 2026 | $3,629 |
| May 2026 | $2,920 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | — | $2,910 | — | — | $2,910 |
| Townhomes | — | $1,675 | — | — | $1,675 |
| Apartments and Condos | — | $2,888 | — | — | $2,888 |
Frequently Asked Questions about Rentals in 62701
- What is the average rent of an apartment in 62701?The average rent of an apartment in 62701 is $2,817 per month. This is about 46% higher than the national average.
- What is the average rent of a townhome in 62701?The average rent of a townhome in 62701 is $1,675 per month. This is about 13% lower than the national average.
- When is the average rent cheapest in 62701?In the last year, the average rent in 62701 was lowest in Apr 2025 when it was $1,560 per month.
- When is the average rent most expensive in 62701?In the last year, the average rent in 62701 was highest in May 2025 when it was $2,775 per month.
- How many available rental listings are in 62701?There are 3 available rental listings in 62701.
- What are some cities near 62701?Some nearby cities include: Springfield, Grandview, Leland Grove, Jerome, Southern View, Clear Lake. These cities may have more rental options to explore.