Cheap Apartments for Rent in the South 48th Street Neighborhood of Lincoln, NE from $500 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the South 48th Street area of Lincoln.

Old Cheney Place by Broadmoor
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Williamsburg Apartments

The Lodge
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Embassy Park Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

4621 Prescott Ave
South 48th Street, Lincoln, NE Local Guide

How much does it cost to rent an apartment in South 48th Street?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
South 48th Street Studio Apartments | $862 | $810 | $915 |
South 48th Street 1 Bedroom Apartments | $1,012 | $795 | $1,298 |
South 48th Street 2 Bedroom Apartments | $1,082 | $825 | $1,375 |
South 48th Street 3 Bedroom Apartments | $1,357 | $1,050 | $1,520 |
South 48th Street 4 Bedroom Apartments | $2,450 | $2,450 | $2,450 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 1 mile radius of the South 48th Street Neighborhood of Lincoln, NE.
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South 48th Street, Lincoln, NE Local Guide
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Cheapest Available South 48th Street Apartments for Rent
 The cheapest available apartment rental in the South 48th Street area of Lincoln, NE is a 1 Bed unit found at Williamsburg Apartments priced from $850. Embassy Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable South 48th Street apartments for rent in Lincoln, NE:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Williamsburg Apartments | Serenity 1 Bedroom | 1BR,1BA | $850 |
Embassy Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $875 |
Thomasbrook | 1 Bed, 1 Bath - A4 831 SF | 1BR,1BA | $1,080 |
Best Value Apartments for Rent in South 48th Street, NE
As of May 17, 2025 the best value apartment in the South 48th Street area is the $1.45 price per square foot Serenity 1 Bedroom Model at Williamsburg Apartments in the in the South 48th Street neighborhood starting from $850. The second greatest value South 48th Street apartment is the 1 Bed 1 Bath Model at Embassy Park Apartments starting at $875 with a $1.52 price per square foot in the South 48th Street neighborhood. Here is today’s list of the best values for South 48th Street apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Williamsburg Apartments | Serenity 1 Bedroom | 1BR,1BA | $1.45 |
Embassy Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.52 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleSouth 48th Street, Lincoln, NE
Ranked #56
Among neighborhoods in Lincoln, NE for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap South 48th Street Apartments
How much is rent for a Cheap One Bedroom South 48th Street Apartment?
The lowest price for a Cheap One Bedroom South 48th Street Apartment is $850 at Williamsburg Apartments.
What is the lowest price for a Cheap Two Bedroom South 48th Street Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in South 48th Street is starting from $900 at Williamsburg Apartments.
What is the most affordable South 48th Street Three Bedroom Apartment?
The best deal on a cheap South 48th Street Three Bedroom Apartment rental is at Embassy Park Apartments and starts from $1,295.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.