ZIP 68505
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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
Rent in ZIP 68505 is 0.6% below its high of $1,372 in July 2026, at $1,364 as of September 2026.
Rent in ZIP 68505 changed +0.7% over the year to September 2026. Across the 47 Nebraska ZIP codes Zillow tracks, the typical change was +2.3%.
Rent has fallen 2 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($75,980) is $1,900 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,820).
8th cheapest of 14 ZIP codes in Lincoln.
ZIP 68510, 2 miles away, rents for 19% less ($1,107/mo), about $3,100 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 68505. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 68505 (Lincoln, NE) is majority owner-occupied, skews toward younger working-age adults, 35% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 68505 in Lincoln, NE has changed in 5 years
Five years ago, renters in ZIP 68505 in Lincoln, NE paid around $1,173 a month. That figure now sits near $1,364, up 16.3% from the 2023 baseline. Median household income climbed from $67,291 to $75,980 between 2021 and 2024, a 12.9% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 68505 in Lincoln, NE adding about 992 residents over the five-year window, up 5.6% on net. The renter share has risen from 42.3% to 44.1%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in ZIP 68505 in Lincoln, NE reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 68505
Last updated: October 17, 2026
ZIP code 68505 covers Lincoln, NE. The median rent here is $1,364/mo as of October 2026. A 1-bedroom rents for a median of $980/mo. A 2-bedroom rents for a median of $1,210/mo.
At 22% of local median household income ($75,980/yr), ZIP 68505 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.7% over the past year.
Frequently asked questions
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How does ZIP 68505 compare to other ZIPs in Nebraska?
How does ZIP 68505 compare to the rest of Lincoln?
At $1,364/mo, rent takes ~22% of ZIP 68505's median household income ($75,980/yr). The standard benchmark is 30%.
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