Average Rent in Lincoln, NE (2026)

Typical asking rent in Lincoln is $1,317. Across the 14 ZIP codes with data it runs from $822 to $1,626, so which side of town you buy on matters as much as the city average. Data as of September 2026.

Median rent
$1,317
Average rent
$1,277
Lowest ZIP
$822
Highest ZIP
$1,626

Rent by ZIP code in Lincoln

ZIP codeCountyTypical rentvs city median
68512Lancaster County$1,626+23%
68528Lancaster County$1,484+13%
68516Lancaster County$1,466+11%
68521Lancaster County$1,464+11%
68526Lancaster County$1,405+7%
68507Lancaster County$1,387+5%
68505Lancaster County$1,364+4%
68522Lancaster County$1,270-4%
68506Lancaster County$1,260-4%
68504Lancaster County$1,190-10%
68503Lancaster County$1,155-12%
68510Lancaster County$1,107-16%
68502Lancaster County$876-33%
68508Lancaster County$822-38%

Rent by bedroom count in Lincoln

Zillow's index above blends every unit size into one number. For a bedroom level view, these are HUD's FY2027 Fair Market Rents for Lancaster County. They include utilities and sit near the 40th percentile of the market, so treat them as the low side of what a typical unit lists for.

Unit sizeFY2027 Fair Market RentChange from FY2026
Studio$948+10.9%
1 bedroom$1,009+9.0%
2 bedroom$1,230+7.8%
3 bedroom$1,703+7.3%
4 bedroom$1,915+11.9%

Source: HUD Fair Market Rents. Updates when HUD publishes a new fiscal year.

Is rent going up or down in Lincoln?

Typical rent across Lancaster County is $1,287 as of September 2026. That is up 1.6% from a year earlier and up 23.2% over five years.

YearTypical rent, Lancaster CountyChange
2021$1,070+9.4%
2022$1,151+7.6%
2023$1,216+5.7%
2024$1,256+3.3%
2025$1,271+1.2%
2026 (through September)$1,287+1.2%

Zillow Observed Rent Index for the county, all home types, last published month of each year. Each row is compared with the end of the year before it.

Lincoln rent questions

What is the average rent in Lincoln, NE?
Typical asking rent in Lincoln is $1,317 a month as of September 2026, across 14 ZIP codes. By ZIP code it runs from $822 to $1,626.
How much is rent for a 2 bedroom in Lincoln?
HUD's FY2027 Fair Market Rent for a two bedroom in Lancaster County is $1,230 a month including utilities. A one bedroom is $1,009 and a three bedroom is $1,703. Fair Market Rent is set near the 40th percentile, so a typical unit lists somewhat higher.
Is rent going up or down in Lincoln?
Rent is rising. Typical rent in Lancaster County is $1,287 as of September 2026, up 1.6% from a year earlier.
What is the cheapest ZIP code to rent in Lincoln?
ZIP 68508 has the lowest typical asking rent in Lincoln at $822 a month, compared with $1,317 for the city overall.
How much income do you need to rent in Lincoln?
Most landlords look for gross income of about three times the rent. At the typical Lincoln rent of $1,317, that is about $3,951 a month, or $47,412 a year. This is a common screening rule of thumb, and individual landlords set their own.

How to use these numbers

These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.

If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Lincoln sits in the Lincoln, NE metro area.

Other Nebraska cities

Would a rental in Lincoln cash flow?

Start the analyzer with the Lincoln median rent of $1,317 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.