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ZIP Code · NE

ZIP 68508

Part of Lincoln, NE
Pop. 18,163·Lancaster County·53rd most expensive ZIP in Nebraska
Median rent (all units)
$854/mo
Year-over-Year
-3.5%
Month-over-Month
+0.9%
vs US Median
-$1,111
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 68508 · $854
More affordable than 100% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$740
1 BR
$820
2 BR
$1,020
3 BR
$1,420
4 BR+
$1,520
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: July 20, 2026

Annual cost
$10,248/yr
At $854/mo median
Location
StateNE
CountyLancaster County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-3.5% YoY, +0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 68508 (Lincoln, NE) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 34.7% of residents hold a bachelor's degree or higher.

Population
18,163
Median income
$31,191
Median age
21.5
Renters
91.5%
Age distribution
73.6%
Under 186.2%
18–3473.6%
35–5410.4%
55–645.2%
65+4.5%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
76.9%
12.3%
White76.9%
Black5.1%
Hispanic12.3%
Asian4.1%
Other1.6%
Education (25+)
22.7%
33.7%
34.7%
No HS diploma8.9%
HS diploma22.7%
Some college33.7%
Bachelor's+34.7%
Housing tenure
91.5%
Owner8.5%
Renter91.5%

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

2021 vs 2026

How ZIP 68508 in Lincoln, NE has changed in 5 years

Rent
$694 → $854
up 23.1%
Income
$30,671 → $31,191
up 1.7%
Population
16,848 → 18,163
up 7.8%
Renter share
90.4% → 91.5%
+1.1 pts
Bachelor's+
33.9% → 34.7%
+0.8 pts

Rent in ZIP 68508 in Lincoln, NE has increased 23.1% since 2021, going from about $694 per month to roughly $854 today. Census figures show median household income at $31,191 today, compared with $30,671 five years earlier. Rent outpaced income growth by roughly 21.4 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 16,848 to 18,163 between 2021 and 2024, a 7.8% change. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

Tips for renters in ZIP 68508

About renting in ZIP 68508

Last updated: July 20, 2026

ZIP code 68508 covers Lincoln, NE. The median rent here is $854/mo as of July 2026. A 1-bedroom rents for a median of $820/mo. A 2-bedroom rents for a median of $1,020/mo.

At 33% of local median household income ($31,191/yr), ZIP 68508 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 3.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 68508?

As of July 20, 2026, the median monthly rent in ZIP 68508 (Lincoln, NE) is $854. This is based on aggregated data from public sources and community submissions.

How does ZIP 68508 rent compare to the US average?

ZIP 68508's median rent of $854/mo is $1,111 (57%) below the US national median of $1,965/mo.

How does ZIP 68508 compare to other ZIPs in Nebraska?

ZIP 68508 is among the more affordable ZIP codes in Nebraska, ranking #53 out of 53 ZIPs at $854/mo.

How much income do you need to rent in ZIP 68508?

To keep rent at or below 30% of gross income, you would need to earn at least $34,000/year (~$16/hour full-time) to afford the median rent of $854/mo in ZIP 68508. The local median household income is $31,191/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 68508?

Rent in ZIP 68508 has decreased 3.5% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 68508 an affordable place to rent?

ZIP 68508 is considered moderate for renters. At $854/mo, rent takes approximately 33% of the local median household income ($31,191/yr). The standard benchmark is 30%. ZIP 68508 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 68508 residents rent vs. own?

According to Census data, approximately 91.5% of ZIP 68508 households are renters, while 8.5% are owner-occupied. With a majority renter population, ZIP 68508 has a strong rental market.

How does ZIP 68508 compare to the rest of Lincoln?

ZIP 68508 is more affordable than Lincoln overall. At $854/mo, it's $491 below the Lincoln citywide median of $1,345/mo.

When was rent data for ZIP 68508 last updated?

Rent data for ZIP 68508 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
33%
MODERATE

At $854/mo, rent takes ~33% of ZIP 68508's median household income ($31,191/yr). The standard benchmark is 30%.

ZIP 68508 33%Benchmark 30%
State income tax2.46–5.84%
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Schools nearby

Public schools near ZIP 68508 (Lincoln, NE)

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