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ZIP Code · NE

ZIP 68504

Part of Lincoln, NE
Pop. 17,278·Lancaster County·38th most expensive ZIP in Nebraska
Median rent (all units)
$1,261/mo
Year-over-Year
+6.1%
Month-over-Month
+0.9%
vs US Median
-$669
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 68504 · $1,261
More affordable than 88% of US ZIP codes · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$780
1 BR
$840
2 BR
$1,040
3 BR
$1,450
4 BR+
$1,560
Research median
$1,040/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: May 18, 2026

Annual cost
$15,132/yr
At $1,261/mo median
Location
StateNE
CountyLancaster County
Demographics

Who lives here

ZIP 68504 (Lincoln, NE) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 36.4% of residents hold a bachelor's degree or higher.

Population
17,278
Median income
$56,213
Median age
28.7
Renters
68.5%
Age distribution
17.7%
43.3%
19.5%
Under 1817.7%
18–3443.3%
35–5419.5%
55–648.4%
65+11.2%
Gender
51.9%
48.1%
Male51.9%
Female48.1%
Race & ethnicity
73.7%
White73.7%
Black5.4%
Hispanic9.1%
Asian6.8%
Other4.9%
Education (25+)
28.9%
28.3%
36.4%
No HS diploma6.5%
HS diploma28.9%
Some college28.3%
Bachelor's+36.4%
Housing tenure
31.5%
68.5%
Owner31.5%
Renter68.5%

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

2021 vs 2026

How ZIP 68504 in Lincoln, NE has changed in 5 years

Rent
$950 → $1,261
up 32.7%
Income
$44,894 → $56,213
up 25.2%
Population
16,924 → 17,278
up 2.1%
Renter share
65.9% → 68.5%
+2.6 pts
Bachelor's+
28.7% → 36.4%
+7.7 pts
Median age
28 → 28.7
+0.7 yrs

Across the past five years, the going rent in ZIP 68504 in Lincoln, NE has shifted from $950 to $1,261, up 32.7% since 2021. On the earnings side, the typical household in ZIP 68504 in Lincoln, NE now reports about $56,213, up from $44,894 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 68504 in Lincoln, NE adding about 354 residents over the five-year window, up 2.1% on net. The renter share has risen from 65.9% to 68.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 28.7% to 36.4% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 68504 in Lincoln, NE reflects that arc in its own way.

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About renting in ZIP 68504

Last updated: May 18, 2026

ZIP code 68504 covers Lincoln, NE. The median rent here is $1,261/mo as of May 2026. A 1-bedroom rents for a median of $840/mo. A 2-bedroom rents for a median of $1,040/mo.

At 27% of local median household income ($56,213/yr), ZIP 68504 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 68504?

As of May 18, 2026, the median monthly rent in ZIP 68504 (Lincoln, NE) is $1,261. This is based on aggregated data from public sources and community submissions.

How does ZIP 68504 rent compare to the US average?

ZIP 68504's median rent of $1,261/mo is $669 (35%) below the US national median of $1,930/mo.

How does ZIP 68504 compare to other ZIPs in Nebraska?

ZIP 68504 is among the more affordable ZIP codes in Nebraska, ranking #38 out of 51 ZIPs at $1,261/mo.

How much income do you need to rent in ZIP 68504?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,261/mo in ZIP 68504. The local median household income is $56,213/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 68504?

Rent in ZIP 68504 has increased 6.1% over the past year as of May 18, 2026, putting upward pressure on renter budgets.

Is ZIP 68504 an affordable place to rent?

ZIP 68504 is considered affordable for renters. At $1,261/mo, rent takes approximately 27% of the local median household income ($56,213/yr). The standard benchmark is 30%. ZIP 68504 falls comfortably within that range.

What percentage of ZIP 68504 residents rent vs. own?

According to Census data, approximately 68.5% of ZIP 68504 households are renters, while 31.5% are owner-occupied. With a majority renter population, ZIP 68504 has a strong rental market.

How does ZIP 68504 compare to the rest of Lincoln?

ZIP 68504 is more affordable than Lincoln overall. At $1,261/mo, it's $77 below the Lincoln citywide median of $1,338/mo.

When was rent data for ZIP 68504 last updated?

Rent data for ZIP 68504 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Affordability
27%
AFFORDABLE

At $1,261/mo, rent takes ~27% of ZIP 68504's median household income ($56,213/yr). The standard benchmark is 30%.

ZIP 68504 27%Benchmark 30%
State income tax2.46–5.84%
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