Cheap Apartments for Rent in Lincoln, IL

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Apartments For Rent Near Lincoln, IL

We found 30 more apartments matching your filters just outside Lincoln

Average Rent Trends in Lincoln, IL

Rent in Lincoln, IL 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.
MonthAverage rent
Jun 2025$814
Jul 2025$814
Aug 2025$985
Sep 2025$831
Oct 2025$1,850
Nov 2025$900
Dec 2025$900
Jan 2026$1,100
Feb 2026$900
Mar 2026$817
Apr 2026$817
May 2026$1,000
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Houses were the most affordable home type to rent compared with Townhomes and Apartments and Condos.
1 bed2 beds3 beds4 bedsAll
All home types$699$900$930—$900
Townhomes—$2,000——$2,000
Apartments and Condos—$2,000——$2,000
Houses—$900$1,100—$900
See more information about local market trends in Lincoln, IL

Frequently Asked Questions about Rentals in Lincoln, IL

  • What is the average rent of an apartment in Lincoln, IL?
    The average rent of an apartment in Lincoln, IL is $821 per month. This is about 57% lower than the national average.
  • What is the average rent of a house in Lincoln, IL?
    The average rent of a house in Lincoln, IL is $900 per month. This is about 53% lower than the national average.
  • What is the average rent of a townhome in Lincoln, IL?
    The average rent of a townhome in Lincoln, IL is $2,000 per month. This is about 4% higher than the national average.
  • When is the average rent cheapest in Lincoln, IL?
    In the last year, the average rent in Lincoln, IL was lowest in Feb 2025 when it was $500 per month.
  • When is the average rent most expensive in Lincoln, IL?
    In the last year, the average rent in Lincoln, IL was highest in Oct 2025 when it was $1,850 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Lincoln, IL?
    The average rent of a 1 bedroom apartment in Lincoln, IL is $699 per month. That is about $313 more than the cost of a studio apartment.
  • How many available rental listings are in Lincoln, IL?
    There are 8 available rental listings in Lincoln, IL.
  • What are some zip codes in Lincoln, IL?
    Lincoln, IL includes zip codes such as: 62656, 62643, 61751.
  • What are some cities near Lincoln, IL?
    Some nearby cities include: Broadwell, Lawndale, Hartsburg, Atlanta, New Holland. These cities may have more rental options to explore.