The winger came through the youth system at United and has gone on to make 70 appearances since breaking into the first team over the last couple of seasons.
"Manchester United has always been a big part of my life," Lingard told his club’s official website. "I have been with the club since the age of seven and I feel great pride every time I pull the shirt on.
"To have scored in two cup finals for my boyhood club were immensely proud moments for me and my family.
"As a team, we have already won a major trophy this season and I look forward to helping us win many more under this great manager."
Jose Mourinho spoke out in praise of the young England international, who has earned four caps for his country since being called up by Three Lions boss Gareth Southgate.
"Jesse has been with the club since the age of seven," Mourinho said. "He has good intelligence which, when combined with his energy and ability, makes for a player with a great future ahead of him."