ZIP Code · NE

ZIP 68164

Part of Omaha, NE

Pop. 28,564·Douglas County·31st most expensive ZIP in Nebraska

Median rent (all units)

$1,326/mo

Year-over-Year

+3.0%

Month-over-Month

Stable

vs US Median

-$606

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 68164 · $1,326

More affordable than 85% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,240

1 BR

$1,310

2 BR

$1,560

3 BR

$2,070

4 BR+

$2,330

Research median

$1,560/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

March. Asking rents in ZIP 68164 usually run 0.9% below trend in March and 1.5% above it in August, about $32 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 68164 is 1.4% below its high of $1,345 in January 2026, at $1,326 as of September 2026.

Past year vs. the rest of Nebraska

Rent in ZIP 68164 changed +3.0% over the year to September 2026. Across the 47 Nebraska ZIP codes Zillow tracks, the typical change was +2.3%.

What a typical income covers

30% of the median household income ($88,927) is $2,223 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,070); a 4-bedroom is $2,330.

Rank in Omaha

10th cheapest of 24 ZIP codes in Omaha.

Cheaper nearby

ZIP 68134, 3 miles away, rents for 22% less ($1,033/mo), about $3,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 68164. 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

$15,912/yr

At $1,326/mo median

Location

CityOmaha

StateNE

CountyDouglas County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.0% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 68164 (Omaha, NE) is majority owner-occupied, 43% of residents hold a bachelor's degree or higher.

Population

28,564

Median income

$88,927

Median age

37.1

Renters

33.6%

Age distribution

24%

22.9%

26%

12.4%

14.7%

Under 1824%

18–3422.9%

35–5426%

55–6412.4%

65+14.7%

Gender

50.8%

49.2%

Male50.8%

Female49.2%

Race & ethnicity

74.4%

White74.4%

Black11.2%

Hispanic8.6%

Asian3.6%

Other2.2%

Education (25+)

18.8%

34.8%

43%

No HS diploma3.4%

HS diploma18.8%

Some college34.8%

Bachelor's+43%

Housing tenure

66.4%

33.6%

Owner66.4%

Renter33.6%

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

2021 vs 2026

How ZIP 68164 in Omaha, NE has changed in 5 years

Rent

$1,024 → $1,326

up 29.5%

Income

$81,219 → $88,927

up 9.5%

Population

29,642 → 28,564

down 3.6%

Renter share

35.7% → 33.6%

-2.1 pts

Bachelor's+

45.3% → 43%

-2.3 pts

Median age

35.5 → 37.1

+1.6 yrs

Five years ago, renters in ZIP 68164 in Omaha, NE paid around $1,024 a month. That figure now sits near $1,326, up 29.5% from the 2021 baseline. Median household income climbed from $81,219 to $88,927 between 2021 and 2024, a 9.5% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 68164 in Omaha, NE losing about 1,078 residents over the five-year window, down 3.6% on net. The renter share has eased from 35.7% to 33.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 45.3% to 43% across the same window. Taken together, the five-year picture in ZIP 68164 in Omaha, NE reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 68164

Last updated: October 17, 2026

ZIP code 68164 covers Omaha, NE. The median rent here is $1,326/mo as of October 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,560/mo.

At 18% of local median household income ($88,927/yr), ZIP 68164 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 68164?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (about $25/hour full-time) to afford the median rent of $1,326/mo in ZIP 68164. The local median household income is $88,927/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 68164?

Rent in ZIP 68164 has risen 3.0% over the past year as of September 2026. It sits 1.4% below its high of $1,345 in January 2026.

When is the cheapest time to rent in ZIP 68164?

Asking rents in ZIP 68164 are usually lowest in March, about 0.9% below their yearly trend, and highest in August, about 1.5% above it. At today's median that is a gap of roughly $32 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 68164 compare to other ZIPs in Nebraska?

ZIP 68164 is in the middle among Nebraska ZIP codes for rent, ranking #31 of 52 at $1,326/mo. Over the year to September 2026, rent in ZIP 68164 changed +3.0%, against a typical +2.3% across the 47 Nebraska ZIP codes Zillow tracks.