ZIP Code · NE

ZIP 68114

Part of Omaha, NE

Pop. 17,596·Douglas County·26th most expensive ZIP in Nebraska

Median rent (all units)

$1,383/mo

Year-over-Year

+2.0%

Month-over-Month

Stable

vs US Median

-$549

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 68114 · $1,383

More affordable than 81% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,230

1 BR

$1,300

2 BR

$1,550

3 BR

$2,050

4 BR+

$2,320

Research median

$1,550/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 68114 is 0.8% below its high of $1,394 in March 2026, at $1,383 as of September 2026.

Past year vs. the rest of Nebraska

Rent in ZIP 68114 changed +2.0% over the year to September 2026. Across the 47 Nebraska ZIP codes Zillow tracks, the typical change was +2.3%.

Recent direction

Rent has fallen 5 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($69,469) is $1,737 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,550); a 3-bedroom is $2,050.

Rank in Omaha

11th cheapest of 24 ZIP codes in Omaha.

Cheaper nearby

ZIP 68132, 3 miles away, rents for 13% less ($1,205/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 68114. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,596/yr

At $1,383/mo median

Location

CityOmaha

StateNE

CountyDouglas County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+2.0% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 68114 (Omaha, NE) is roughly split between renters and owners, has a large retiree population, 48.1% of residents hold a bachelor's degree or higher.

Population

17,596

Median income

$69,469

Median age

40.6

Renters

52.3%

Age distribution

18.5%

23.3%

24.7%

23%

Under 1818.5%

18–3423.3%

35–5424.7%

55–6410.5%

65+23%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

79.3%

White79.3%

Black8.9%

Hispanic7%

Asian2.9%

Other1.9%

Education (25+)

17.7%

29.7%

48.1%

No HS diploma4.5%

HS diploma17.7%

Some college29.7%

Bachelor's+48.1%

Housing tenure

47.7%

52.3%

Owner47.7%

Renter52.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 68114 in Omaha, NE has changed in 5 years

Rent

$1,167 → $1,383

up 18.5%

Income

$66,888 → $69,469

up 3.9%

Population

17,787 → 17,596

down 1.1%

Renter share

49.4% → 52.3%

+2.9 pts

Bachelor's+

50.4% → 48.1%

-2.3 pts

Median age

38 → 40.6

+2.6 yrs

Rent in ZIP 68114 in Omaha, NE has climbed 18.5% since 2022, going from about $1,167 per month to roughly $1,383 today. On the earnings side, the typical household in ZIP 68114 in Omaha, NE now reports about $69,469, up from $66,888 in 2021. Rent outpaced income growth by roughly 14.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 17,787 to 17,596 between 2021 and 2024, a 1.1% change. About 52.3% of households rent today, against 49.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 50.4% to 48.1%. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 68114 in Omaha, NE reflects that arc in its own way.

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About renting in ZIP 68114

Last updated: October 17, 2026

ZIP code 68114 covers Omaha, NE. The median rent here is $1,383/mo as of October 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,550/mo.

At 24% of local median household income ($69,469/yr), ZIP 68114 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 68114?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (about $26/hour full-time) to afford the median rent of $1,383/mo in ZIP 68114. The local median household income is $69,469/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 68114?

Rent in ZIP 68114 has risen 2.0% over the past year as of September 2026. It sits 0.8% below its high of $1,394 in March 2026.

How does ZIP 68114 compare to other ZIPs in Nebraska?

ZIP 68114 is in the middle among Nebraska ZIP codes for rent, ranking #26 of 52 at $1,383/mo. Over the year to September 2026, rent in ZIP 68114 changed +2.0%, against a typical +2.3% across the 47 Nebraska ZIP codes Zillow tracks.