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ZIP Code · NE

ZIP 68506

Part of Lincoln, NE
Pop. 27,531·Lancaster County·43rd most expensive ZIP in Nebraska
Median rent (all units)
$1,188/mo
Year-over-Year
-0.2%
Month-over-Month
+1.3%
vs US Median
-$742
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 68506 · $1,188
More affordable than 92% of US ZIP codes · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$990
2 BR
$1,220
3 BR
$1,700
4 BR+
$1,830
Research median
$1,220/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
$14,256/yr
At $1,188/mo median
Location
StateNE
CountyLancaster County
Demographics

Who lives here

ZIP 68506 (Lincoln, NE) is majority owner-occupied, has a large retiree population, 47% of residents hold a bachelor's degree or higher.

Population
27,531
Median income
$72,637
Median age
41.3
Renters
35.7%
Age distribution
19.5%
24%
20.7%
23.8%
Under 1819.5%
18–3424%
35–5420.7%
55–6411.9%
65+23.8%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
83%
White83%
Black1.9%
Hispanic8.4%
Asian3.9%
Other2.8%
Education (25+)
19.9%
29.7%
47%
No HS diploma3.4%
HS diploma19.9%
Some college29.7%
Bachelor's+47%
Housing tenure
64.3%
35.7%
Owner64.3%
Renter35.7%

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

2021 vs 2026

How ZIP 68506 in Lincoln, NE has changed in 5 years

Rent
$893 → $1,188
up 33.0%
Income
$63,171 → $72,637
up 15.0%
Population
28,464 → 27,531
down 3.3%
Renter share
36.7% → 35.7%
-1.0 pts
Bachelor's+
46.1% → 47%
+0.9 pts
Median age
39 → 41.3
+2.3 yrs

Rent in ZIP 68506 in Lincoln, NE has climbed 33.0% since 2021, going from about $893 per month to roughly $1,188 today. Median household income grew from $63,171 to $72,637 between 2021 and 2024, a 15.0% shift. Rent outpaced income growth by roughly 18.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 28,464 to 27,531 between 2021 and 2024, a 3.3% change. Taken together, the five-year picture in ZIP 68506 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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About renting in ZIP 68506

Last updated: May 18, 2026

ZIP code 68506 covers Lincoln, NE. The median rent here is $1,188/mo as of May 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,220/mo.

At 20% of local median household income ($72,637/yr), ZIP 68506 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 68506?

As of May 18, 2026, the median monthly rent in ZIP 68506 (Lincoln, NE) is $1,188. This is based on aggregated data from public sources and community submissions.

How does ZIP 68506 rent compare to the US average?

ZIP 68506's median rent of $1,188/mo is $742 (38%) below the US national median of $1,930/mo.

How does ZIP 68506 compare to other ZIPs in Nebraska?

ZIP 68506 is among the more affordable ZIP codes in Nebraska, ranking #43 out of 51 ZIPs at $1,188/mo.

How much income do you need to rent in ZIP 68506?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (~$23/hour full-time) to afford the median rent of $1,188/mo in ZIP 68506. The local median household income is $72,637/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 68506?

Rent in ZIP 68506 has been relatively stable over the past year, with a 0.2% change year over year as of May 18, 2026.

Is ZIP 68506 an affordable place to rent?

ZIP 68506 is considered very affordable for renters. At $1,188/mo, rent takes approximately 20% of the local median household income ($72,637/yr). The standard benchmark is 30%. ZIP 68506 falls comfortably within that range.

What percentage of ZIP 68506 residents rent vs. own?

According to Census data, approximately 35.7% of ZIP 68506 households are renters, while 64.3% are owner-occupied. ZIP 68506 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 68506 compare to the rest of Lincoln?

ZIP 68506 is more affordable than Lincoln overall. At $1,188/mo, it's $150 below the Lincoln citywide median of $1,338/mo.

When was rent data for ZIP 68506 last updated?

Rent data for ZIP 68506 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Affordability
20%
VERY AFFORDABLE

At $1,188/mo, rent takes ~20% of ZIP 68506's median household income ($72,637/yr). The standard benchmark is 30%.

ZIP 68506 20%Benchmark 30%
State income tax2.46–5.84%
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Schools nearby

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