Cheap Apartments for Rent in 68516
61 rentals
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- PET FRIENDLYCRES Management
- PET FRIENDLYKrueger Development
- PET FRIENDLY$1,000 - $1,545/moStudio-2 Beds1-2 BathsHighpointe by Broadmoor | 4607 Old Cheney Rd #7022,
Lincoln, NE 68516Broadmoor - NEW - 2 DAYS AGOPET FRIENDLY$1,025 - $1,700/moStudio-2 Beds1-2 BathsAshbrook by Broadmoor | 6800 Ashbrook Dr #8303,
Lincoln, NE 68516Broadmoor - SPECIAL OFFERPET FRIENDLY$1,029 - $1,517/mo1-2 Beds1-2 BathsPine Lake Heights Apartments | 7011 S 38th St #101,
Lincoln, NE 68516CIP Communities - CIP Communities
- $1,050 - $1,395/mo2-3 Beds1-2 BathsEmbassy Park Apartments | 5649 S 31st St #593928305,
Lincoln, NE 68516T & N Investments - $1,065 - $3,180/mo1-3 Beds1-2 BathsNotting Hill Apartments | 8800 S 33rd St #8209,
Lincoln, NE 68516 - $1,100 - $1,800/mo1-3 Beds1-2 BathsWilderness Hills South Apartments | 9941 S 37th St #6ba907de8,
Lincoln, NE 68516 - $1,110 - $2,550/moStudio-3 Beds1-2 BathsSummit Falls Apartments & Townhomes | 8300 Renatta Dr #3211,
Lincoln, NE 68516Asset Living - $1,150 - $2,172/moStudio-3 Beds1-2 BathsThe Flats at 84 | 8300 Cheney Ridge Rd #320,
Lincoln, NE 68516CIP Communities - $1,175 - $2,215/mo1-3 Beds1-2 BathsThe Donovan Apartment Homes | 3751 Faulkner Dr #3721-101,
Lincoln, NE 68516Centerspace - $1,199 - $1,999/moStudio-2 Beds1-2 BathsLevel at Village Gardens | 5701 Boboli Ln #218,
Lincoln, NE 68516Lee Associates - $1,210 - $1,230/mo2 Beds2 BathsOld Cheney Place by Broadmoor | 5501 Warwick Ct #5002,
Lincoln, NE 68516Broadmoor - $1,214 - $1,787/mo1-3 Beds1-2 BathsWilliamsburg Park Apartments | 6201 S 34th St #126,
Lincoln, NE 68516CIP Communities - $1,220 - $2,080/mo1-3 Beds1-2 BathsAventine at Wilderness Hills | 8801 S 33rd St #11-203,
Lincoln, NE 68516Asset Living - CIP Communities
- Total price$1,640 - $2,345/mo1-3 Beds2 BathsChateau at Yankee Hill Apartments | 4421 Bridle Ln #1019,
Lincoln, NE 68516 - Nebraska RE Solutions Inc.
- Nebraska RE Solutions Inc.
- B & D Homes
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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 increased in May 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,650 |
| Jul 2025 | $1,628 |
| Aug 2025 | $1,750 |
| Sep 2025 | $1,895 |
| 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 | $1,875 |
| May 2026 | $1,900 |
Average Rent By Bedroom and Home Type
In May 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 | $1,221 | $1,465 | $2,050 | $2,900 | $1,899 |
| Townhomes | — | $1,497 | $2,000 | $2,939 | $2,632 |
| Apartments and Condos | $794 | $1,099 | $1,637 | — | $1,200 |
| Houses | — | — | $2,500 | $2,200 | $2,299 |
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 $1,288 per month. This is about 33% lower than the national average.
- What is the average rent of a house in 68516?The average rent of a house in 68516 is $2,299 per month. This is about 19% higher than the national average.
- What is the average rent of a townhome in 68516?The average rent of a townhome in 68516 is $2,632 per month. This is about 36% higher than the national average.
- When is the average rent cheapest in 68516?In the last year, the average rent in 68516 was lowest in May 2025 when it was $1,476 per month.
- 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 $1,221 per month. That is about $138 more than the cost of a studio apartment.
- How many available rental listings are in 68516?There are 68 available rental listings in 68516.
- What are some cities near 68516?