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ZIP Code · NE

ZIP 68503

Part of Lincoln, NE
Pop. 15,867·Lancaster County·46th most expensive ZIP in Nebraska
Median rent (all units)
$1,222/mo
Year-over-Year
-6.4%
Month-over-Month
-10.7%
vs US Median
-$743
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 68503 · $1,222
More affordable than 91% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$770
1 BR
$840
2 BR
$1,030
3 BR
$1,430
4 BR+
$1,550
Research median
$1,030/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
$14,664/yr
At $1,222/mo median
Location
StateNE
CountyLancaster County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 6.4% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-6.4% YoY, -10.7% MoM), not inventory.
Demographics

Who lives here

ZIP 68503 (Lincoln, NE) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 39.5% of residents hold a bachelor's degree or higher.

Population
15,867
Median income
$54,232
Median age
27.4
Renters
61.1%
Age distribution
23.6%
39.7%
18.7%
Under 1823.6%
18–3439.7%
35–5418.7%
55–649.1%
65+8.8%
Gender
50.5%
49.5%
Male50.5%
Female49.5%
Race & ethnicity
59.7%
13.9%
12.8%
White59.7%
Black13.9%
Hispanic12.8%
Asian8.3%
Other5.3%
Education (25+)
18%
17.6%
24.9%
39.5%
No HS diploma18%
HS diploma17.6%
Some college24.9%
Bachelor's+39.5%
Housing tenure
38.9%
61.1%
Owner38.9%
Renter61.1%

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

2021 vs 2026

How ZIP 68503 in Lincoln, NE has changed in 5 years

Rent
$1,059 → $1,222
up 15.4%
Income
$40,251 → $54,232
up 34.7%
Population
15,696 → 15,867
up 1.1%
Renter share
63.8% → 61.1%
-2.7 pts
Bachelor's+
33.3% → 39.5%
+6.2 pts
Median age
26.7 → 27.4
+0.7 yrs

Five years ago, renters in ZIP 68503 in Lincoln, NE paid around $1,059 a month. That figure now sits near $1,222, up 15.4% from the 2021 baseline. Census figures show median household income at $54,232 today, compared with $40,251 five years earlier. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 68503 in Lincoln, NE adding about 171 residents over the five-year window, up 1.1% on net. The renter share has eased from 63.8% to 61.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 33.3% to 39.5% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 68503

Last updated: July 20, 2026

ZIP code 68503 covers Lincoln, NE. The median rent here is $1,222/mo as of July 2026. A 1-bedroom rents for a median of $840/mo. A 2-bedroom rents for a median of $1,030/mo.

At 27% of local median household income ($54,232/yr), ZIP 68503 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 6.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 68503?

As of July 20, 2026, the median monthly rent in ZIP 68503 (Lincoln, NE) is $1,222. This is based on aggregated data from public sources and community submissions.

How does ZIP 68503 rent compare to the US average?

ZIP 68503's median rent of $1,222/mo is $743 (38%) below the US national median of $1,965/mo.

How does ZIP 68503 compare to other ZIPs in Nebraska?

ZIP 68503 is among the more affordable ZIP codes in Nebraska, ranking #46 out of 53 ZIPs at $1,222/mo.

How much income do you need to rent in ZIP 68503?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (~$24/hour full-time) to afford the median rent of $1,222/mo in ZIP 68503. The local median household income is $54,232/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 68503?

Rent in ZIP 68503 has decreased 6.4% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 68503 an affordable place to rent?

ZIP 68503 is considered affordable for renters. At $1,222/mo, rent takes approximately 27% of the local median household income ($54,232/yr). The standard benchmark is 30%. ZIP 68503 falls comfortably within that range.

What percentage of ZIP 68503 residents rent vs. own?

According to Census data, approximately 61.1% of ZIP 68503 households are renters, while 38.9% are owner-occupied. With a majority renter population, ZIP 68503 has a strong rental market.

How does ZIP 68503 compare to the rest of Lincoln?

ZIP 68503 is more affordable than Lincoln overall. At $1,222/mo, it's $123 below the Lincoln citywide median of $1,345/mo.

When was rent data for ZIP 68503 last updated?

Rent data for ZIP 68503 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,222/mo, rent takes ~27% of ZIP 68503's median household income ($54,232/yr). The standard benchmark is 30%.

ZIP 68503 27%Benchmark 30%
State income tax2.46–5.84%
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Schools nearby

Public schools near ZIP 68503 (Lincoln, NE)

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