ZIP 68502
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 68502 usually run 1.1% below trend in December and 1.4% above it in June, about $22 a month apart at today's median. Based on 7 years of data.
Rent in ZIP 68502 is 0.9% below its high of $884 in May 2026, at $876 as of September 2026.
Rent in ZIP 68502 changed -0.5% over the year to September 2026. Across the 47 Nebraska ZIP codes Zillow tracks, the typical change was +2.3%.
From 2019 to 2024, rent in ZIP 68502 rose 36.4% while median household income rose 29.4% ($52,972 to $68,523). Rent outpaced income.
Rent in ZIP 68502 is 40.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 6 of the last 12 months.
30% of the median household income ($68,523) is $1,713 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,520).
2nd cheapest of 14 ZIP codes in Lincoln.
From Zillow's monthly rent index (ZORI) for ZIP 68502. 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.
Who lives here
ZIP 68502 (Lincoln, NE) is majority owner-occupied, 39.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 68502 in Lincoln, NE has changed in 5 years
Across the past five years, the going rent in ZIP 68502 in Lincoln, NE has shifted from $687 to $876, up 27.5% since 2021. Local incomes tracked alongside that move, going from a median of $56,567 in 2021 to $68,523 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 68502 in Lincoln, NE losing about 1,700 residents over the five-year window, down 6.2% on net. The renter share has eased from 47.5% to 44.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 36.7% to 39.4% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 68502 in Lincoln, NE market of 2021.
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Tips for renters in ZIP 68502
Last updated: October 17, 2026
ZIP code 68502 covers Lincoln, NE. The median rent here is $876/mo as of October 2026. A 1-bedroom rents for a median of $820/mo. A 2-bedroom rents for a median of $1,020/mo.
At 15% of local median household income ($68,523/yr), ZIP 68502 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.5% over the past year.
Frequently asked questions
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How does ZIP 68502 compare to other ZIPs in Nebraska?
How does ZIP 68502 compare to the rest of Lincoln?
At $876/mo, rent takes ~15% of ZIP 68502's median household income ($68,523/yr). The standard benchmark is 30%.
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