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ZIP Code · NE

ZIP 68516

Part of Lincoln, NE
Pop. 48,903·Lancaster County·23rd most expensive ZIP in Nebraska
Median rent (all units)
$1,451/mo
Year-over-Year
+3.4%
Month-over-Month
+2.0%
vs US Median
-$479
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 68516 · $1,451
More affordable than 77% of US ZIP codes · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$990
1 BR
$1,070
2 BR
$1,320
3 BR
$1,840
4 BR+
$1,980
Research median
$1,320/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
$17,412/yr
At $1,451/mo median
Location
StateNE
CountyLancaster County
Demographics

Who lives here

ZIP 68516 (Lincoln, NE) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 54.7% of residents hold a bachelor's degree or higher.

Population
48,903
Median income
$100,821
Median age
37.5
Renters
31.7%
Age distribution
25.6%
20.6%
25.1%
17.3%
Under 1825.6%
18–3420.6%
35–5425.1%
55–6411.4%
65+17.3%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
86.4%
White86.4%
Black1.4%
Hispanic5%
Asian2.9%
Other4.3%
Education (25+)
14.8%
28.1%
54.7%
No HS diploma2.4%
HS diploma14.8%
Some college28.1%
Bachelor's+54.7%
Housing tenure
68.3%
31.7%
Owner68.3%
Renter31.7%

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

2021 vs 2026

How ZIP 68516 in Lincoln, NE has changed in 5 years

Rent
$1,103 → $1,451
up 31.6%
Income
$92,651 → $100,821
up 8.8%
Population
47,520 → 48,903
up 2.9%
Renter share
31.4% → 31.7%
+0.3 pts
Bachelor's+
52.9% → 54.7%
+1.8 pts

Since 2021, the typical rent in ZIP 68516 in Lincoln, NE has increased from $1,103 to $1,451, a 31.6% change over five years. Median household income rose from $92,651 to $100,821 between 2021 and 2024, a 8.8% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 2.9% since 2021, moving from about 47,520 residents to roughly 48,903. Taken together, the five-year picture in ZIP 68516 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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Local insights

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About renting in ZIP 68516

Last updated: May 18, 2026

ZIP code 68516 covers Lincoln, NE. The median rent here is $1,451/mo as of May 2026. A 1-bedroom rents for a median of $1,070/mo. A 2-bedroom rents for a median of $1,320/mo.

At 17% of local median household income ($100,821/yr), ZIP 68516 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 68516?

As of May 18, 2026, the median monthly rent in ZIP 68516 (Lincoln, NE) is $1,451. This is based on aggregated data from public sources and community submissions.

How does ZIP 68516 rent compare to the US average?

ZIP 68516's median rent of $1,451/mo is $479 (25%) below the US national median of $1,930/mo.

How does ZIP 68516 compare to other ZIPs in Nebraska?

ZIP 68516 falls in the middle range for Nebraska, ranking #23 out of 51 ZIPs at $1,451/mo.

How much income do you need to rent in ZIP 68516?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,451/mo in ZIP 68516. The local median household income is $100,821/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 68516?

Rent in ZIP 68516 has increased 3.4% over the past year as of May 18, 2026, putting upward pressure on renter budgets.

Is ZIP 68516 an affordable place to rent?

ZIP 68516 is considered very affordable for renters. At $1,451/mo, rent takes approximately 17% of the local median household income ($100,821/yr). The standard benchmark is 30%. ZIP 68516 falls comfortably within that range.

What percentage of ZIP 68516 residents rent vs. own?

According to Census data, approximately 31.7% of ZIP 68516 households are renters, while 68.3% are owner-occupied. ZIP 68516 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 68516 compare to the rest of Lincoln?

ZIP 68516 is pricier than Lincoln as a whole. At $1,451/mo, it's $113 above the Lincoln citywide median of $1,338/mo.

When was rent data for ZIP 68516 last updated?

Rent data for ZIP 68516 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Affordability
17%
VERY AFFORDABLE

At $1,451/mo, rent takes ~17% of ZIP 68516's median household income ($100,821/yr). The standard benchmark is 30%.

ZIP 68516 17%Benchmark 30%
State income tax2.46–5.84%
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