ZIP Code · NE

ZIP 68154

Part of Omaha, NE

Pop. 24,060·Douglas County·39th most expensive ZIP in Nebraska

Median rent (all units)

$1,243/mo

Year-over-Year

+2.2%

Month-over-Month

-0.2%

vs US Median

-$689

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 68154 · $1,243

More affordable than 89% 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

$1,090

1 BR

$1,150

2 BR

$1,370

3 BR

$1,820

4 BR+

$2,050

Research median

$1,370/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

Cheapest month to sign

December. Asking rents in ZIP 68154 usually run 1.6% below trend in December and 1.6% above it in July, about $40 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 68154 is 0.2% below its high of $1,246 in August 2026, at $1,243 as of September 2026.

Past year vs. the rest of Nebraska

Rent in ZIP 68154 changed +2.2% over the year to September 2026. Across the 47 Nebraska ZIP codes Zillow tracks, the typical change was +2.3%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($81,385) is $2,035 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,820); a 4-bedroom is $2,050.

Rank in Omaha

6th cheapest of 24 ZIP codes in Omaha.

Cheaper nearby

ZIP 68134, 4 miles away, rents for 17% less ($1,033/mo), about $2,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 68154. 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

$14,916/yr

At $1,243/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 (+2.2% YoY, -0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 68154 (Omaha, NE) is majority owner-occupied, 54.1% of residents hold a bachelor's degree or higher.

Population

24,060

Median income

$81,385

Median age

38.3

Renters

42.9%

Age distribution

21.2%

23.7%

23.9%

19.6%

Under 1821.2%

18–3423.7%

35–5423.9%

55–6411.5%

65+19.6%

Gender

48.7%

51.3%

Male48.7%

Female51.3%

Race & ethnicity

81.6%

White81.6%

Black5.9%

Hispanic5%

Asian3.5%

Other4%

Education (25+)

15.4%

28.8%

54.1%

No HS diploma1.7%

HS diploma15.4%

Some college28.8%

Bachelor's+54.1%

Housing tenure

57.1%

42.9%

Owner57.1%

Renter42.9%

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

2021 vs 2026

How ZIP 68154 in Omaha, NE has changed in 5 years

Rent

$951 → $1,243

up 30.7%

Income

$75,372 → $81,385

up 8.0%

Population

23,015 → 24,060

up 4.5%

Renter share

40.1% → 42.9%

+2.8 pts

Bachelor's+

50.8% → 54.1%

+3.3 pts

The median rent in ZIP 68154 in Omaha, NE stood at $951 in 2021 and currently runs about $1,243, reflecting a 30.7% increase over the period. On the earnings side, the typical household in ZIP 68154 in Omaha, NE now reports about $81,385, up from $75,372 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 4.5% since 2021, moving from about 23,015 residents to roughly 24,060. Renters now make up 42.9% of households, compared with 40.1% five years ago. College-educated residents now make up 54.1% of adults here, versus 50.8% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 68154 in Omaha, NE reflects that arc in its own way.

Community

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About renting in ZIP 68154

Last updated: October 17, 2026

ZIP code 68154 covers Omaha, NE. The median rent here is $1,243/mo as of October 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,370/mo.

At 18% of local median household income ($81,385/yr), ZIP 68154 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 68154?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (about $24/hour full-time) to afford the median rent of $1,243/mo in ZIP 68154. The local median household income is $81,385/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 68154?

Rent in ZIP 68154 has risen 2.2% over the past year as of September 2026. It sits 0.2% below its high of $1,246 in August 2026.

When is the cheapest time to rent in ZIP 68154?

Asking rents in ZIP 68154 are usually lowest in December, about 1.6% below their yearly trend, and highest in July, about 1.6% above it. At today's median that is a gap of roughly $40 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 68154 compare to other ZIPs in Nebraska?

ZIP 68154 is one of the more affordable among Nebraska ZIP codes for rent, ranking #39 of 52 at $1,243/mo. Over the year to September 2026, rent in ZIP 68154 changed +2.2%, against a typical +2.3% across the 47 Nebraska ZIP codes Zillow tracks.