Apartments for Rent in University Place, Lincoln, NE

University Place, Lincoln apartment availability

University Place in Lincoln offers a strong selection of rental listings, with an average of 51 rentals available each month. The neighborhood's rental market primarily features 2-bedroom apartments, followed by 1-bedroom and 3-bedroom options. Many of these apartments offer desirable amenities, including dishwashers, which are available in nearly 47% of rentals. Additionally, about 41% of apartments in University Place allow pets, with some having restrictions, making it a suitable neighborhood for pet owners.

University Place, Lincoln rental market trends

The University Place neighborhood in Lincoln saw a significant increase in rent prices last year, with an average monthly rent of $1,089, representing a 10.3% year-over-year increase. Breaking it down by bed count, 1-bedrooms averaged $733 per month, with a modest 1.3% annual increase, while 2-bedrooms reached $1,027, with a 4.4% increase. The average rent for 3-bedrooms was $1,392, reflecting a substantial 12.5% annual increase, and studios averaged $724, with a notable 15.5% increase.

Rent prices in University Place tend to peak in the summer, with July typically seeing the highest rent, 24.4% higher than January, the month with the lowest rent. If you're looking for a new apartment, be prepared for more competition during the summer months. Conversely, if you're searching for a new place in the winter, you may find relatively lower prices and less competition. January, in particular, may offer more affordable options, with rents significantly lower than in the summer.

Why University Place, Lincoln is a great place to live

University Place is a top choice for renters who prioritize social living and pet ownership. According to data, apartments in this neighborhood often feature pet-friendly amenities such as outdoor space, pet grooming, and pet-safe windows, making it an ideal spot for pet owners. The area also scores high on social life, thanks to its walk score, safety, and street infrastructure, making it easy to get around and meet up with friends. Additionally, the neighborhood's age distribution and transit frequency contribute to its vibrant social scene. Overall, University Place offers a unique blend of pet-friendliness and social opportunities, making it an attractive option for renters who value these aspects.