The Manchester United winger came through the ranks at Old Trafford while Rooney was one of the club's biggest players.
The pair will face off this weekend when Rooney returns to his old stomping ground with Everton.
"You learn every day from him. His experience in games, especially when you're young," said Lingard.
"If it's only 1-0 it's always hard to manage a game, and he knew what to do at times, especially towards the end of games.
"Of course it is hard to follow him, he's always going to be recognised as a legend at the club and he'll get a great reception when he comes back.
"Obviously he was there as a young boy and he thought it was the right decision at the time."