ZIP Code · NE

ZIP 68118

Part of Omaha, NE

Pop. 9,169·Douglas County·14th most expensive ZIP in Nebraska

Median rent (all units)

$1,552/mo

Year-over-Year

+2.9%

Month-over-Month

+0.6%

vs US Median

-$380

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 68118 · $1,552

More affordable than 69% 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

$1,144

1 BR

$1,207

2 BR

$1,439

3 BR

$1,909

4 BR+

$2,154

Research median

$1,439/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

Past year vs. the rest of Nebraska

Rent in ZIP 68118 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 6 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($133,281) is $3,332 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,070).

Rank in Omaha

16th cheapest of 24 ZIP codes in Omaha.

Cheaper nearby

ZIP 68154, 3 miles away, rents for 20% less ($1,243/mo), about $3,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 68118. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,624/yr

At $1,552/mo median

Location

CityOmaha

StateNE

CountyDouglas County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.9% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 68118 (Omaha, NE) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 64.2% of residents hold a bachelor's degree or higher.

Population

9,169

Median income

$133,281

Median age

42.5

Renters

16.5%

Age distribution

27.3%

30%

13.6%

19.2%

Under 1827.3%

18–349.9%

35–5430%

55–6413.6%

65+19.2%

Gender

48.4%

51.6%

Male48.4%

Female51.6%

Race & ethnicity

85.9%

White85.9%

Hispanic5.1%

Asian5.9%

Other2.9%

Education (25+)

25.2%

64.2%

No HS diploma1.5%

HS diploma9.1%

Some college25.2%

Bachelor's+64.2%

Housing tenure

83.5%

16.5%

Owner83.5%

Renter16.5%

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

2021 vs 2026

How ZIP 68118 in Omaha, NE has changed in 5 years

Income

$129,358 → $133,281

up 3.0%

Population

9,486 → 9,169

down 3.3%

Renter share

17.7% → 16.5%

-1.2 pts

Bachelor's+

62.7% → 64.2%

+1.5 pts

Median age

41.8 → 42.5

+0.7 yrs

On the earnings side, the typical household in ZIP 68118 in Omaha, NE now reports about $133,281, up from $129,358 in 2021. Headcount in the area went from 9,486 to 9,169 between 2021 and 2024, a 3.3% change.

Community

Discussions about ZIP 68118

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Local insights

Tips for renters in ZIP 68118

About renting in ZIP 68118

Last updated: October 17, 2026

ZIP code 68118 covers Omaha, NE. The median rent here is $1,552/mo as of October 2026. A 1-bedroom rents for a median of $1,207/mo. A 2-bedroom rents for a median of $1,439/mo.

At 14% of local median household income ($133,281/yr), ZIP 68118 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 68118?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (about $30/hour full-time) to afford the median rent of $1,552/mo in ZIP 68118. The local median household income is $133,281/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 68118?

Rent in ZIP 68118 has risen 2.9% over the past year.

How does ZIP 68118 compare to other ZIPs in Nebraska?

ZIP 68118 is one of the pricier among Nebraska ZIP codes for rent, ranking #14 of 52 at $1,552/mo. Over the year to September 2026, rent in ZIP 68118 changed +2.8%, against a typical +2.3% across the 47 Nebraska ZIP codes Zillow tracks.