ZIP Code · NE

ZIP 68116

Part of Omaha, NE

Pop. 34,501·Douglas County·5th most expensive ZIP in Nebraska

Median rent (all units)

$1,803/mo

Year-over-Year

+2.8%

Month-over-Month

+0.5%

vs US Median

-$129

Reported rents

Stable (Monthly)

Be the first to discuss 68116 rents ↓

Most AffordableMost Expensive

ZIP 68116 · $1,803

More affordable than 51% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 68116 usually run 1% below trend in January and 1.1% above it in July, about $38 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 68116 is at its highest level since Zillow's records here began in March 2021.

Past year vs. the rest of Nebraska

Rent in ZIP 68116 changed +2.8% over the year to September 2026. Across the 47 Nebraska ZIP codes Zillow tracks, the typical change was +2.3%.

Recent direction

Rent has risen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($121,165) is $3,029 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,470).

Rank in Omaha

21st cheapest of 24 ZIP codes in Omaha.

Cheaper nearby

ZIP 68118, 2 miles away, rents for 14% less ($1,552/mo), about $3,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 68116. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,636/yr

At $1,803/mo median

Location

CityOmaha

StateNE

CountyDouglas County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.8% YoY, +0.5% 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

$1,384 → $1,803

up 30.3%

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 $1,384 to $1,803, up 30.3% 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.

Community

Discussions about ZIP 68116

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 68116

About renting in ZIP 68116

Last updated: October 17, 2026

ZIP code 68116 covers Omaha, NE. The median rent here is $1,803/mo as of October 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 2.8% over the past year.

FAQ

Frequently asked questions

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 (about $35/hour full-time) to afford the median rent of $1,803/mo in ZIP 68116. The local median household income is $121,165/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 68116?

Rent in ZIP 68116 has risen 2.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2021.

When is the cheapest time to rent in ZIP 68116?

Asking rents in ZIP 68116 are usually lowest in January, about 1% below their yearly trend, and highest in July, about 1.1% above it. At today's median that is a gap of roughly $38 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 68116 compare to other ZIPs in Nebraska?

ZIP 68116 is one of the pricier among Nebraska ZIP codes for rent, ranking #5 of 52 at $1,803/mo. Over the year to September 2026, rent in ZIP 68116 changed +2.8%, against a typical +2.3% across the 47 Nebraska ZIP codes Zillow tracks.