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ZIP Code · NE

ZIP 68505

Part of Lincoln, NE
Pop. 18,834·Lancaster County·28th most expensive ZIP in Nebraska
Median rent (all units)
$1,418/mo
Year-over-Year
+3.3%
Month-over-Month
+0.9%
vs US Median
-$512
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 68505 · $1,418
More affordable than 79% of US ZIP codes · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$980
2 BR
$1,210
3 BR
$1,680
4 BR+
$1,820
Research median
$1,210/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
$17,016/yr
At $1,418/mo median
Location
StateNE
CountyLancaster County
Demographics

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.

Population
18,834
Median income
$75,980
Median age
30.8
Renters
44.1%
Age distribution
23.6%
31.9%
21.7%
13%
Under 1823.6%
18–3431.9%
35–5421.7%
55–649.7%
65+13%
Gender
51.3%
48.7%
Male51.3%
Female48.7%
Race & ethnicity
83.7%
White83.7%
Black2.7%
Hispanic7.9%
Asian3.6%
Other2.1%
Education (25+)
21.7%
37.7%
35%
No HS diploma5.6%
HS diploma21.7%
Some college37.7%
Bachelor's+35%
Housing tenure
55.9%
44.1%
Owner55.9%
Renter44.1%

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

2021 vs 2026

How ZIP 68505 in Lincoln, NE has changed in 5 years

Income
$67,291 → $75,980
up 12.9%
Population
17,842 → 18,834
up 5.6%
Renter share
42.3% → 44.1%
+1.8 pts
Bachelor's+
34% → 35%
+1.0 pts
Median age
31.5 → 30.8
-0.7 yrs

Median household income climbed from $67,291 to $75,980 between 2021 and 2024, a 12.9% shift. 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.

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About renting in ZIP 68505

Last updated: May 18, 2026

ZIP code 68505 covers Lincoln, NE. The median rent here is $1,418/mo as of May 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 3.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 68505?

As of May 18, 2026, the median monthly rent in ZIP 68505 (Lincoln, NE) is $1,418. This is based on aggregated data from public sources and community submissions.

How does ZIP 68505 rent compare to the US average?

ZIP 68505's median rent of $1,418/mo is $512 (27%) below the US national median of $1,930/mo.

How does ZIP 68505 compare to other ZIPs in Nebraska?

ZIP 68505 falls in the middle range for Nebraska, ranking #28 out of 51 ZIPs at $1,418/mo.

How much income do you need to rent in ZIP 68505?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (~$27/hour full-time) to afford the median rent of $1,418/mo in ZIP 68505. The local median household income is $75,980/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 68505?

Rent in ZIP 68505 has increased 3.3% over the past year as of May 18, 2026, putting upward pressure on renter budgets.

Is ZIP 68505 an affordable place to rent?

ZIP 68505 is considered very affordable for renters. At $1,418/mo, rent takes approximately 22% of the local median household income ($75,980/yr). The standard benchmark is 30%. ZIP 68505 falls comfortably within that range.

What percentage of ZIP 68505 residents rent vs. own?

According to Census data, approximately 44.1% of ZIP 68505 households are renters, while 55.9% are owner-occupied. ZIP 68505 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 68505 compare to the rest of Lincoln?

ZIP 68505 is pricier than Lincoln as a whole. At $1,418/mo, it's $80 above the Lincoln citywide median of $1,338/mo.

When was rent data for ZIP 68505 last updated?

Rent data for ZIP 68505 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Affordability
22%
VERY AFFORDABLE

At $1,418/mo, rent takes ~22% of ZIP 68505's median household income ($75,980/yr). The standard benchmark is 30%.

ZIP 68505 22%Benchmark 30%
State income tax2.46–5.84%
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Schools nearby

Public schools near ZIP 68505 (Lincoln, NE)

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