Average Rent in Oklahoma City, OK

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Current Versus Historical Oklahoma City, OK Rents

Oklahoma City rentals average $1,423 for a 1-bedroom rental to $2,150 for a 4-bedroom rental. The median price of all currently available listings is $1,850, or roughly $1 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $1,168 (140.48%) year-over-year from $832 to $2,000. 1-bedroom rentals prices have increased by $493 (53.59%) year-over-year from $920 to $1,413. 2-bedroom rentals prices have increased by $58 (4.19%) year-over-year from $1,391 to $1,449. 3-bedroom rentals prices have increased by $138 (9.50%) year-over-year from $1,457 to $1,595. 4-bedroom rentals prices have increased by $378 (21.35%) year-over-year from $1,772 to $2,150. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 12.73% this month. 1-bedroom rents have gone up by 31.32% this month. 2-bedroom rents have gone up by 4.80% this month. 3-bedroom rents have gone up by 4.25% this month. 4-bedroom rents have gone up by 10.30% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $1.95 $1,413 $920 (53.59%) $833 (69.56%)
2 BR $1.66 $1,449 $1,391 (4.19%) $1,168 (24.02%)
3 BR $1.06 $1,595 $1,457 (9.50%) $1,314 (21.39%)
4+ BR $0.88 $2,150 $1,772 (21.35%) $1,629 (31.97%)

Historical Rents in Oklahoma City, OK

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Oklahoma City



Let's compare Oklahoma City, OK's rent against other top cities nearby by bedroom size.
City Studio 1 Bed 2 Bed All

Top Neighborhoods Near Oklahoma City



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Oklahoma City

The average rent for rentals in these counties is $1,643. That's roughly around $1 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Cleveland, OK. It's average rent per month is $1,510. Vice versa, with an average rent of $1,775, Oklahoma, OK is the most expensive county by Oklahoma City, OK.

In comparison, rent for one bedroom listings in Oklahoma City, OK is 18.37% more expensive than other counties nearby. Finally, rent for two bedrooms in Oklahoma City, OK is 28.99% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Cleveland, OK N/A $950 $950 $1,510
Oklahoma, OK N/A $1,373 $1,500 $1,775

Top Zipcodes Near Oklahoma City



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - Oklahoma City Average Rents

What is the average rent price in Oklahoma City, OK?
The average monthly rental price for Oklahoma City, OK apartments for rent is approximately $1,850. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Oklahoma City, OK rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Oklahoma City, OK.
How much is a studio apartment in Oklahoma City, OK?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Oklahoma City.
How much is a one bedroom apartment in Oklahoma City, OK?
The average monthly rental price for one bedroom apartments is $1,423 and an average price per square feet of $1.95. There are a total of 8 one bedroom apartment listings currently available for rent in Oklahoma City.
How much is a two bedroom apartment in Oklahoma City, OK?
The average monthly rental price for two bedroom apartments is $1,725 and an average price per square feet of $1.66. There are a total of 14 two bedroom apartment listings currently available for rent in Oklahoma City.
How have rent prices in Oklahoma City, OK changed this year?
Rent prices for rentals in Oklahoma City, OK can fluctuate yearly. Specifically, studio rental prices have changed by 1.40%, one bedroom rental prices have changed by 0.54%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by 0.09% year-over-year.
What is a reasonable rent price in Oklahoma City, OK?
A reasonable rent price in Oklahoma City, OK is around $1,480/month. You can search for these reasonably priced rental listings on RentHop.
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