
Cheap Apartments for Rent in the University Place Neighborhood of Lincoln, NE from $400 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Place area of Lincoln.


5219 Walker Ave, Unit 2W
University Place, Lincoln, NE Local Guide

How much does it cost to rent an apartment in University Place?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
University Place Studio Apartments | $970 | $925 | $1,025 |
University Place 1 Bedroom Apartments | $945 | $625 | $1,200 |
University Place 2 Bedroom Apartments | $1,102 | $860 | $2,363 |
University Place 3 Bedroom Apartments | $1,460 | $1,175 | $1,795 |
University Place 4 Bedroom Apartments | $1,795 | $1,795 | $1,795 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the University Place Neighborhood of Lincoln, NE.
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University Place, Lincoln, NE Local Guide
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Cheapest Available University Place Apartments for Rent
 The cheapest available apartment rental in the University Place area of Lincoln, NE is a 1 Bed unit found at The Villa priced from $860. Cheever Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable University Place apartments for rent in Lincoln, NE:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Villa | Building A, B, and C | 1BR,1BA | $860 |
Cheever Apartments | 1 Beds, 1 Baths | 1BR,1BA | $895 |
Ridge Hollow Apartments | One Bedroom One Bath | 1BR,1BA | $895 |
Chateau on Vine | Elmwood II | 1BR,1BA | $935 |
Meadowlark | 1BR/1.0BA | 1BR,1BA | $995 |
Best Value Apartments for Rent in University Place, NE
As of April 13, 2025 the best value apartment in the University Place area is the $1.26 price per square foot Ashport & Northport Model at Bridgeport Apartments in the in the University Place neighborhood starting from $1,449. The second greatest value University Place apartment is the Mulberry Model at Trenridge Gardens starting at $1,050 with a $1.24 price per square foot in the Taylor Park neighborhood. Here is today’s list of the best values for University Place apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Bridgeport Apartments | Ashport & Northport | 3BR,2BA | $1.26 |
Trenridge Gardens | Mulberry | 2BR,1BA | $1.24 |
Meadowlark | 2BR/1.0BA | 2BR,1BA | $1.30 |
The Villa | Building E | 1BR,1BA | $1.19 |
Cheever Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1.12 |
3608 Huntington Ave, Unit #2 | 3608 Huntington Ave | 2BR,1BA | $1.21 |
Chateau on Vine | Elmwood II | 1BR,1BA | $1.26 |
Ridge Hollow Apartments | One Bedroom One Bath | 1BR,1BA | $1.25 |
The Flats at Leighton District | Lexington I (Loft) | 1BR,1BA | $2.01 |
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Pet Friendly LifestyleUniversity Place, Lincoln, NE
Ranked #51
Among neighborhoods in Lincoln, NE for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the University Place Neighborhood in Lincoln, NE
Walk Score®
67 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
67 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap University Place Apartments
What is the price of a cheap apartment in University Place?
The cheapest apartment in University Place is The Villa which is listed at $860, while the average apartment in University Place costs $1,795.
What types of apartments are the cheapest in University Place?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in University Place that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in University Place?
Cheap apartments in University Place have an average cost of $683 which is $1,112 cheaper than the average rent for all rentals in University Place.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.