Lincoln, Nebraska Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lincoln, Nebraska rental market.
Lincoln, Nebraska
Average Apartment Rent
$1,345
Y-o-Y Change in Average
Apartment Rent
1.8%
As of May 2026
Compared to a year ago, Lincoln, Nebraska apartments have recorded a 1.8% rent increase.
Lincoln, Nebraska Average apartment rent trend
Lincoln, Nebraska Average Apartment Rent
Lincoln, Nebraska Apartment rent ranges
At 56.61%, apartments priced $1,000 - $1,500 represent the bulk of Lincoln, Nebraska rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.3%.
Lincoln, Nebraska Housing tenure**
Renters take up 44% of Lincoln, Nebraska real estate, occupying a total of 51,678 units, while homeowners live in 66,654 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$43,629
Average household size of renter-occupied housing units**
2.01
Rental vacancy rate**
3.5%
Lincoln, Nebraska Renter-occupied housing units by no. of bedrooms**
There are 19,728 rentals in Lincoln, Nebraska with 2 beds making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 633 units. Overall, the median number of rooms in Lincoln, Nebraska homes for rent is 4.
Lincoln, Nebraska Renter-occupied units by age of householder**
Most condos for rent in Lincoln, Nebraska are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 15 - 24 years age group (24%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Lincoln, Nebraska Renter-occupied housing units by family type**
Lincoln, Nebraska Renter-occupied housing units by the presence of own children**
A total of 19,012 apartments for rent in Lincoln, Nebraska, or 37% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 11,544 units. All in all, the median size of a renter-occupied household in Lincoln, Nebraska is 2.01.
Lincoln, Nebraska Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Lincoln, Nebraska.
Lincoln, Nebraska Renter-occupied units by year structure built**
The highest share of Lincoln, Nebraska apartment rentals, namely 16% or 8,357 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (15%, 7,815 units), and the ones Built 1980 - 1989 (13%, 6,701 units).
Lincoln, Nebraska Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Lincoln, Nebraska renters (42%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Lincoln, Nebraska condos for rent is 2018.
Lincoln, Nebraska Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Lincoln, Nebraska renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 10% have No vehicle available.
Lincoln, Nebraska Means of transportation to work of householders living in renter-occupied housing units**
Lincoln, Nebraska Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lincoln, Nebraska apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
