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ZIP Code · NE

ZIP 68116

Part of Omaha, NE
Pop. 34,501·Douglas County·5th most expensive ZIP in Nebraska
Median rent (all units)
$1,809/mo
Year-over-Year
+12.0%
Month-over-Month
+1.7%
vs US Median
-$156
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 68116 · $1,809
More affordable than 51% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,310
1 BR
$1,390
2 BR
$1,650
3 BR
$2,190
4 BR+
$2,470
Research median
$1,650/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: July 20, 2026

Annual cost
$21,708/yr
At $1,809/mo median
Location
CityOmaha
StateNE
CountyDouglas County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.0% YoY, +1.7% MoM), not inventory.
Demographics

Who lives here

ZIP 68116 (Omaha, NE) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 53.9% of residents hold a bachelor's degree or higher.

Population
34,501
Median income
$121,165
Median age
36.3
Renters
23.6%
Age distribution
27.7%
20.6%
29.5%
12.7%
Under 1827.7%
18–3420.6%
35–5429.5%
55–649.5%
65+12.7%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
78.2%
White78.2%
Black4.9%
Hispanic6.5%
Asian5.8%
Other4.5%
Education (25+)
12.9%
30.7%
53.9%
No HS diploma2.4%
HS diploma12.9%
Some college30.7%
Bachelor's+53.9%
Housing tenure
76.4%
23.6%
Owner76.4%
Renter23.6%

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

2021 vs 2026

How ZIP 68116 in Omaha, NE has changed in 5 years

Rent
$1,312 → $1,809
up 37.9%
Income
$105,516 → $121,165
up 14.8%
Population
33,641 → 34,501
up 2.6%
Renter share
20.7% → 23.6%
+2.9 pts
Bachelor's+
55.2% → 53.9%
-1.3 pts
Median age
34.6 → 36.3
+1.7 yrs

Across the past five years, the going rent in ZIP 68116 in Omaha, NE has shifted from $1,312 to $1,809, up 37.9% since 2021. On the earnings side, the typical household in ZIP 68116 in Omaha, NE now reports about $121,165, up from $105,516 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 68116 in Omaha, NE adding about 860 residents over the five-year window, up 2.6% on net. The renter share has risen from 20.7% to 23.6%, with owner-occupied housing accounting for the remainder. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 68116 in Omaha, NE reflects that arc in its own way.

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About renting in ZIP 68116

Last updated: July 20, 2026

ZIP code 68116 covers Omaha, NE. The median rent here is $1,809/mo as of July 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,650/mo.

At 18% of local median household income ($121,165/yr), ZIP 68116 ranks as affordable compared to the national benchmark of 30%. Rents have increased 12.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 68116?

As of July 20, 2026, the median monthly rent in ZIP 68116 (Omaha, NE) is $1,809. This is based on aggregated data from public sources and community submissions.

How does ZIP 68116 rent compare to the US average?

ZIP 68116's median rent of $1,809/mo is $156 (8%) below the US national median of $1,965/mo.

How does ZIP 68116 compare to other ZIPs in Nebraska?

ZIP 68116 is one of the pricier ZIP codes in Nebraska, ranking #5 out of 53 ZIPs tracked at $1,809/mo.

How much income do you need to rent in ZIP 68116?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,809/mo in ZIP 68116. The local median household income is $121,165/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 68116?

Rent in ZIP 68116 has increased 12.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 68116 an affordable place to rent?

ZIP 68116 is considered very affordable for renters. At $1,809/mo, rent takes approximately 18% of the local median household income ($121,165/yr). The standard benchmark is 30%. ZIP 68116 falls comfortably within that range.

What percentage of ZIP 68116 residents rent vs. own?

According to Census data, approximately 23.6% of ZIP 68116 households are renters, while 76.4% are owner-occupied. ZIP 68116 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 68116 compare to the rest of Omaha?

ZIP 68116 is pricier than Omaha as a whole. At $1,809/mo, it's $356 above the Omaha citywide median of $1,453/mo.

When was rent data for ZIP 68116 last updated?

Rent data for ZIP 68116 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $1,809/mo, rent takes ~18% of ZIP 68116's median household income ($121,165/yr). The standard benchmark is 30%.

ZIP 68116 18%Benchmark 30%
State income tax2.46–5.84%
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Schools nearby

Public schools near ZIP 68116 (Omaha, NE)

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