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ZIP Code · NE

ZIP 68502

Part of Lincoln, NE
Pop. 25,846·Lancaster County·51st most expensive ZIP in Nebraska
Median rent (all units)
$1,011/mo
Year-over-Year
+12.5%
Month-over-Month
+3.5%
vs US Median
-$954
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 68502 · $1,011
More affordable than 98% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$740
1 BR
$820
2 BR
$1,020
3 BR
$1,420
4 BR+
$1,520
Research median
$1,020/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: July 20, 2026

Annual cost
$12,132/yr
At $1,011/mo median
Location
StateNE
CountyLancaster County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.5% YoY, +3.5% MoM), not inventory.
Demographics

Who lives here

ZIP 68502 (Lincoln, NE) is majority owner-occupied, 39.4% of residents hold a bachelor's degree or higher.

Population
25,846
Median income
$68,523
Median age
36.4
Renters
44.4%
Age distribution
22.9%
25%
25.8%
15.4%
Under 1822.9%
18–3425%
35–5425.8%
55–6411%
65+15.4%
Gender
51.9%
48.1%
Male51.9%
Female48.1%
Race & ethnicity
72.7%
White72.7%
Black6.3%
Hispanic10.4%
Asian3.1%
Other7.6%
Education (25+)
20.7%
32%
39.4%
No HS diploma7.8%
HS diploma20.7%
Some college32%
Bachelor's+39.4%
Housing tenure
55.6%
44.4%
Owner55.6%
Renter44.4%

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

2021 vs 2026

How ZIP 68502 in Lincoln, NE has changed in 5 years

Rent
$681 → $1,011
up 48.5%
Income
$56,567 → $68,523
up 21.1%
Population
27,546 → 25,846
down 6.2%
Renter share
47.5% → 44.4%
-3.1 pts
Bachelor's+
36.7% → 39.4%
+2.7 pts
Median age
33.9 → 36.4
+2.5 yrs

Across the past five years, the going rent in ZIP 68502 in Lincoln, NE has shifted from $681 to $1,011, up 48.5% 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.

Community

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Local insights

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About renting in ZIP 68502

Last updated: July 20, 2026

ZIP code 68502 covers Lincoln, NE. The median rent here is $1,011/mo as of July 2026. A 1-bedroom rents for a median of $820/mo. A 2-bedroom rents for a median of $1,020/mo.

At 18% of local median household income ($68,523/yr), ZIP 68502 ranks as affordable compared to the national benchmark of 30%. Rents have increased 12.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 68502?

As of July 20, 2026, the median monthly rent in ZIP 68502 (Lincoln, NE) is $1,011. This is based on aggregated data from public sources and community submissions.

How does ZIP 68502 rent compare to the US average?

ZIP 68502's median rent of $1,011/mo is $954 (49%) below the US national median of $1,965/mo.

How does ZIP 68502 compare to other ZIPs in Nebraska?

ZIP 68502 is among the more affordable ZIP codes in Nebraska, ranking #51 out of 53 ZIPs at $1,011/mo.

How much income do you need to rent in ZIP 68502?

To keep rent at or below 30% of gross income, you would need to earn at least $40,000/year (~$19/hour full-time) to afford the median rent of $1,011/mo in ZIP 68502. The local median household income is $68,523/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 68502?

Rent in ZIP 68502 has increased 12.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 68502 an affordable place to rent?

ZIP 68502 is considered very affordable for renters. At $1,011/mo, rent takes approximately 18% of the local median household income ($68,523/yr). The standard benchmark is 30%. ZIP 68502 falls comfortably within that range.

What percentage of ZIP 68502 residents rent vs. own?

According to Census data, approximately 44.4% of ZIP 68502 households are renters, while 55.6% are owner-occupied. ZIP 68502 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 68502 compare to the rest of Lincoln?

ZIP 68502 is more affordable than Lincoln overall. At $1,011/mo, it's $334 below the Lincoln citywide median of $1,345/mo.

When was rent data for ZIP 68502 last updated?

Rent data for ZIP 68502 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $1,011/mo, rent takes ~18% of ZIP 68502's median household income ($68,523/yr). The standard benchmark is 30%.

ZIP 68502 18%Benchmark 30%
State income tax2.46–5.84%
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Schools nearby

Public schools near ZIP 68502 (Lincoln, NE)

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