ZIP Code · NE

ZIP 68507

Part of Lincoln, NE

Pop. 16,029·Lancaster County·25th most expensive ZIP in Nebraska

Median rent (all units)

$1,387/mo

Year-over-Year

+4.4%

Month-over-Month

+0.7%

vs US Median

-$545

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 68507 · $1,387

More affordable than 81% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$760

1 BR

$830

2 BR

$1,020

3 BR

$1,420

4 BR+

$1,530

Research median

$1,020/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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Nebraska

Rent in ZIP 68507 changed +4.4% over the year to September 2026. Across the 47 Nebraska ZIP codes Zillow tracks, the typical change was +2.3%.

Recent direction

Rent has risen 7 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($69,488) is $1,737 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,530).

Rank in Lincoln

9th cheapest of 14 ZIP codes in Lincoln.

Cheaper nearby

ZIP 68504, 2 miles away, rents for 14% less ($1,190/mo), about $2,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 68507. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,644/yr

At $1,387/mo median

Location

CityLincoln

StateNE

CountyLancaster County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.4% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 68507 (Lincoln, NE) is majority owner-occupied, has a large retiree population, 30.3% of residents hold a bachelor's degree or higher.

Population

16,029

Median income

$69,488

Median age

38.5

Renters

33.5%

Age distribution

21.1%

24.6%

23.4%

20.4%

Under 1821.1%

18–3424.6%

35–5423.4%

55–6410.5%

65+20.4%

Gender

52.6%

47.4%

Male52.6%

Female47.4%

Race & ethnicity

85.2%

White85.2%

Black1.8%

Hispanic9.7%

Asian1.7%

Other1.7%

Education (25+)

23.2%

39.9%

30.3%

No HS diploma6.6%

HS diploma23.2%

Some college39.9%

Bachelor's+30.3%

Housing tenure

66.5%

33.5%

Owner66.5%

Renter33.5%

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

2021 vs 2026

How ZIP 68507 in Lincoln, NE has changed in 5 years

Income

$61,895 → $69,488

up 12.3%

Population

15,044 → 16,029

up 6.5%

Renter share

30.9% → 33.5%

+2.6 pts

Bachelor's+

30.4% → 30.3%

-0.1 pts

Median age

37.4 → 38.5

+1.1 yrs

On the earnings side, the typical household in ZIP 68507 in Lincoln, NE now reports about $69,488, up from $61,895 in 2021. Headcount in the area went from 15,044 to 16,029 between 2021 and 2024, a 6.5% change. About 33.5% of households rent today, against 30.9% in 2021.

Community

Discussions about ZIP 68507

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Local insights

Tips for renters in ZIP 68507

About renting in ZIP 68507

Last updated: October 17, 2026

ZIP code 68507 covers Lincoln, NE. The median rent here is $1,387/mo as of October 2026. A 1-bedroom rents for a median of $830/mo. A 2-bedroom rents for a median of $1,020/mo.

At 24% of local median household income ($69,488/yr), ZIP 68507 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 68507?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (about $26/hour full-time) to afford the median rent of $1,387/mo in ZIP 68507. The local median household income is $69,488/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 68507?

Rent in ZIP 68507 has risen 4.4% over the past year.

How does ZIP 68507 compare to other ZIPs in Nebraska?

ZIP 68507 is in the middle among Nebraska ZIP codes for rent, ranking #25 of 52 at $1,387/mo. Over the year to September 2026, rent in ZIP 68507 changed +4.4%, against a typical +2.3% across the 47 Nebraska ZIP codes Zillow tracks.