$450
Total Monthly Price
- Studio
- 0.5 Baths
- 840 Sq Ft
- Condo for Rent
1632 S 21st St Unit 3 stall garage, Lincoln, NE 68502
LES bill will be paid in arrears for the shop. $450 rent, $450 deposit,
Frequently Asked Questions
How much does it cost to rent a condo in Lincoln, NE?
The median rent for a condo in Lincoln, NE is $1,085 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Lincoln, NE?
To comfortably afford the median rent in Lincoln, NE, a household needs to earn roughly $56,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,400 per month in Lincoln, NE, renters typically need to show $4,200 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lincoln, NE?
In Lincoln, NE, the price-to-rent ratio is 18.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
