RentDataNowRentDataNow
ZIP Code · NE

ZIP 68503

Part of Lincoln, NE
Pop. 15,867·Lancaster County·29th most expensive ZIP in Nebraska
Median rent (all units)
$1,411/mo
Year-over-Year
+9.0%
Month-over-Month
+0.8%
vs US Median
-$519
Rising (Monthly)
Be the first to discuss 68503 rents ↓
Most AffordableMost Expensive
ZIP 68503 · $1,411
More affordable than 79% of US ZIP codes · National median $1,930/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: May 18, 2026

Annual cost
$16,932/yr
At $1,411/mo median
Location
StateNE
CountyLancaster County
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 → $1,411
up 33.2%
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 $1,411, up 33.2% from the 2021 baseline. Census figures show median household income at $54,232 today, compared with $40,251 five years earlier. 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.

Community

Discussions about ZIP 68503

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 68503

About renting in ZIP 68503

Last updated: May 18, 2026

ZIP code 68503 covers Lincoln, NE. The median rent here is $1,411/mo as of May 2026. A 1-bedroom rents for a median of $840/mo. A 2-bedroom rents for a median of $1,030/mo.

At 31% of local median household income ($54,232/yr), ZIP 68503 ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 68503?

As of May 18, 2026, the median monthly rent in ZIP 68503 (Lincoln, NE) is $1,411. 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 $1,411/mo is $519 (27%) below the US national median of $1,930/mo.

How does ZIP 68503 compare to other ZIPs in Nebraska?

ZIP 68503 falls in the middle range for Nebraska, ranking #29 out of 51 ZIPs at $1,411/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 $56,000/year (~$27/hour full-time) to afford the median rent of $1,411/mo in ZIP 68503. The local median household income is $54,232/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 68503?

Rent in ZIP 68503 has increased 9.0% over the past year as of May 18, 2026, putting upward pressure on renter budgets.

Is ZIP 68503 an affordable place to rent?

ZIP 68503 is considered moderate for renters. At $1,411/mo, rent takes approximately 31% of the local median household income ($54,232/yr). The standard benchmark is 30%. ZIP 68503 slightly exceeds that threshold, so budgeting carefully matters here.

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 pricier than Lincoln as a whole. At $1,411/mo, it's $73 above the Lincoln citywide median of $1,338/mo.

When was rent data for ZIP 68503 last updated?

Rent data for ZIP 68503 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Affordability
31%
MODERATE

At $1,411/mo, rent takes ~31% of ZIP 68503's median household income ($54,232/yr). The standard benchmark is 30%.

ZIP 68503 31%Benchmark 30%
State income tax2.46–5.84%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 68503 (Lincoln, NE)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.