Apartments for Rent in Near South, Lincoln, NE

Near South, Lincoln apartment availability

Near South, Lincoln's rental market offers a good selection of listings, with an average of about 69 rentals available each month. The majority of rentals are 1-bedroom and 2-bedroom apartments, with a smaller number of 3-bedroom apartments and studios also available. Many of these apartments offer popular amenities, including on-site laundry, which is available in about 44% of apartments. Additionally, many buildings in the area are pet-friendly, with some allowing small pets and others having restrictions. Overall, Near South's varied rental options and amenities make it a great neighborhood to consider for renters.

Near South, Lincoln rental market trends

The Near South neighborhood in Lincoln saw a modest increase in rent prices last year, with an average monthly rent of $797.90, representing a year-over-year increase of 2.8%. Breaking it down by bed count, 1-bedrooms averaged $683.89 per month, with a 1.3% annual increase, while 2-bedrooms averaged $890.22, with a more notable 5.2% increase. Studios saw a significant 6.4% increase, with an average rent of $603.65.

Rent prices in Near South tend to peak in the summer months, with June typically being the most expensive, 8% higher than January, the month with the lowest average rent. If you're looking for a new apartment, be prepared for more competition during the summer. Conversely, if you're searching during the winter months, you may find slightly lower prices and less competition. Notably, the data doesn't reveal a specific month with significantly more demand than available inventory, but being aware of the seasonal fluctuations can help you navigate the rental market in Near South.

Why Near South, Lincoln is a great place to live

Near South is a top choice for renters prioritizing environmental sustainability and social living. The neighborhood's focus on eco-friendliness is reflected in its use of non-toxic paint, rainwater harvesting, and waste recycling programs in many of its apartments. Additionally, the prevalence of community solar projects, low-flow fixtures, and sustainable materials in construction contribute to its high environmental sustainability score. Near South also excels in social life, thanks to its numerous restaurants, high transit frequency, and excellent walk score, making it easy for residents to get around and connect with friends. With its strong emphasis on both sustainability and community, Near South is an attractive option for renters seeking a well-rounded lifestyle.