ZIP Code · NE

ZIP 68512

Part of Lincoln, NE

Pop. 13,802·Lancaster County·11th most expensive ZIP in Nebraska

Median rent (all units)

$1,626/mo

Year-over-Year

+1.3%

Month-over-Month

+0.2%

vs US Median

-$306

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 68512 · $1,626

More affordable than 63% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,030

1 BR

$1,110

2 BR

$1,370

3 BR

$1,910

4 BR+

$2,060

Research median

$1,370/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

Cheapest month to sign

January. Asking rents in ZIP 68512 usually run 0.9% below trend in January and 0.8% above it in August, about $28 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 68512 is at its highest level since Zillow's records here began in February 2021.

Past year vs. the rest of Nebraska

Rent in ZIP 68512 changed +1.2% over the year to September 2026. Across the 47 Nebraska ZIP codes Zillow tracks, the typical change was +2.3%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($104,448) is $2,611 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,060).

Rank in Lincoln

14th cheapest of 14 ZIP codes in Lincoln.

Cheaper nearby

ZIP 68502, 3 miles away, rents for 46% less ($876/mo), about $9,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 68512. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,512/yr

At $1,626/mo median

Location

CityLincoln

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 (+1.3% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 68512 (Lincoln, NE) is majority owner-occupied, has a median income above the national average, 51.1% of residents hold a bachelor's degree or higher.

Population

13,802

Median income

$104,448

Median age

38.8

Renters

34.4%

Age distribution

21.3%

22.7%

26.2%

18.8%

Under 1821.3%

18–3422.7%

35–5426.2%

55–6411%

65+18.8%

Gender

50.5%

49.5%

Male50.5%

Female49.5%

Race & ethnicity

85.9%

White85.9%

Black1.8%

Hispanic4.2%

Asian7%

Other1.1%

Education (25+)

16.5%

30.2%

51.1%

No HS diploma2.2%

HS diploma16.5%

Some college30.2%

Bachelor's+51.1%

Housing tenure

65.6%

34.4%

Owner65.6%

Renter34.4%

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

2021 vs 2026

How ZIP 68512 in Lincoln, NE has changed in 5 years

Rent

$1,229 → $1,626

up 32.3%

Income

$88,141 → $104,448

up 18.5%

Population

13,830 → 13,802

down 0.2%

Renter share

34.6% → 34.4%

-0.2 pts

Bachelor's+

49.3% → 51.1%

+1.8 pts

Median age

36.8 → 38.8

+2.0 yrs

Compared with 2021, rent in ZIP 68512 in Lincoln, NE has climbed by $397 per month, settling near $1,626 after starting the period at $1,229. Local incomes tracked alongside that move, going from a median of $88,141 in 2021 to $104,448 more recently. Rent outpaced income growth by roughly 13.8 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 68512 in Lincoln, NE market of 2021.

Community

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Local insights

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About renting in ZIP 68512

Last updated: October 17, 2026

ZIP code 68512 covers Lincoln, NE. The median rent here is $1,626/mo as of October 2026. A 1-bedroom rents for a median of $1,110/mo. A 2-bedroom rents for a median of $1,370/mo.

At 19% of local median household income ($104,448/yr), ZIP 68512 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 68512?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (about $31/hour full-time) to afford the median rent of $1,626/mo in ZIP 68512. The local median household income is $104,448/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 68512?

Rent in ZIP 68512 has risen 1.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2021.

When is the cheapest time to rent in ZIP 68512?

Asking rents in ZIP 68512 are usually lowest in January, about 0.9% below their yearly trend, and highest in August, about 0.8% above it. At today's median that is a gap of roughly $28 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 68512 compare to other ZIPs in Nebraska?

ZIP 68512 is one of the pricier among Nebraska ZIP codes for rent, ranking #11 of 52 at $1,626/mo. Over the year to September 2026, rent in ZIP 68512 changed +1.2%, against a typical +2.3% across the 47 Nebraska ZIP codes Zillow tracks.