Cheap Apartments for Rent in 68516
68 rentals
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- PET FRIENDLYT & N Investments
- NEW - 18 HRS AGOSPECIAL OFFERPET FRIENDLYTotal price$904 - $1,822/moStudio-3 Beds1-2 BathsPine Lake Heights Apartments | 7011 S 38th St,
Lincoln, NE 68516CIP Communities - SPECIAL OFFERPET FRIENDLYCRES Management
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- $995 - $1,530/moStudio-2 Beds1-2 BathsOld Cheney Place by Broadmoor | 5501 Warwick Ct,
Lincoln, NE 68516Broadmoor - Lee Associates
- $1,000 - $1,575/moStudio-2 Beds1-2 BathsHighpointe by Broadmoor | 4607 Old Cheney Rd,
Lincoln, NE 68516Broadmoor - $1,095 - $2,150/mo1-3 Beds1-2 BathsSummit Falls Apartments & Townhomes | 8300 Renatta Dr,
Lincoln, NE 68516Asset Living - Total price$1,130 - $2,195/moStudio-3 Beds1-2 BathsChateau at Yankee Hill Apartments | 4421 Bridle Ln,
Lincoln, NE 68516 - Asset Living
- $1,175 - $1,995/mo1-3 Beds1-2 BathsThe Donovan Apartment Homes | 3751 Faulkner Dr,
Lincoln, NE 68516Centerspace - CIP Communities
- CIP Communities
- CIP Communities
- CIP Communities
- $1,425 - $1,800/mo2-3 Beds2 BathsWilderness Hills South Apartments | 9941 S 37th St,
Lincoln, NE 68516 - Great Place Properties
- NHS Commercial Property Management
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Average Rent Trends in 68516
Rent in 68516 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,995 |
| Nov 2025 | $1,950 |
| Dec 2025 | $1,850 |
| Jan 2026 | $1,800 |
| Feb 2026 | $1,800 |
| Mar 2026 | $2,000 |
| Apr 2026 | $1,877 |
| May 2026 | $1,899 |
| Jun 2026 | $1,895 |
| Jul 2026 | $1,865 |
| Aug 2026 | $1,817 |
| Sep 2026 | $1,799 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,216 | $1,499 | $1,900 | $2,800 | $1,850 |
| Townhomes | — | $1,625 | $1,899 | $3,000 | $2,345 |
| Apartments and Condos | — | $950 | $1,799 | $2,500 | $1,350 |
| Houses | — | — | $1,900 | $2,650 | $2,295 |
Frequently Asked Questions about Rentals in 68516
- What is the average rent of an apartment in 68516?The average rent of an apartment in 68516 is $1,338 per month. This is about 31% lower than the national average.
- What are the cheapest months to find an apartment to rent in 68516?Last year, the cheapest month to find an apartment to rent was May 2025 when it was $1,476 per month.
- How many cheap apartments are available in 68516?There are 34 apartments to rent that are cheaper than the city’s average rent of $1,850.
- When is the average rent most expensive in 68516?In the last year, the average rent in 68516 was highest in Oct 2025 when it was $1,995 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 68516?The average rent of a 1 bedroom apartment in 68516 is $1,216 per month. That is about $134 more than the cost of a studio apartment.
- What are some cities near 68516?
View this page in Spanish: Apartamentos baratos en renta en 68516 - 247 Rentas | Trulia