Average Rent in Norman, OK

Home  »  OK  »  Norman

Current Versus Historical Norman, OK Rents

Norman rentals average $817 for a 1-bedroom rental to $2,150 for a 4-bedroom rental. The median price of all currently available listings is $1,200, or roughly $1 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $1,902 (317.83%) year-over-year from $598 to $2,500. 1-bedroom rentals prices have increased by $21 (2.72%) year-over-year from $783 to $805. 2-bedroom rentals prices have increased by $71 (7.75%) year-over-year from $919 to $990. 3-bedroom rentals prices have increased by $62 (4.30%) year-over-year from $1,433 to $1,495. 4-bedroom rentals prices have increased by $728 (41.23%) year-over-year from $1,767 to $2,495. 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 down by 0.40% this month. 1-bedroom rents have gone up by 0.21% this month. 2-bedroom rents have gone up by 3.09% this month. 3-bedroom rents have gone up by 2.93% this month. 4-bedroom rents have gone up by 18.90% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $1.31 $805 $783 (2.72%) $782 (2.92%)
2 BR $1.00 $990 $919 (7.75%) $851 (16.38%)
3 BR $1.04 $1,495 $1,433 (4.30%) $1,208 (23.72%)
4+ BR $1.06 $2,495 $1,767 (41.23%) $1,482 (68.39%)

Historical Rents in Norman, OK

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Norman

There are a total of 2 cities nearby Norman. The average rent in Norman is currently $1,313 per month. Our records show that Midwest City, OK, with an average rent of $1,225, is the most affordable city nearby. In contrast, the most expensive city near Norman, OK is Oklahoma City, OK. Monthly rents here are on average $1,400 per month.

Let's compare Norman, OK's rent against other top cities nearby by bedroom size. Typically, rent for studios in Norman, OK is inf% more affordable than other cities nearby. One bedrooms are about 0.24% more affordable. Two bedrooms in Norman, OK are about 8.80% more affordable. Finally, rent for three bedrooms are about 5.25% more expensive. Want more information? Check out the top 2 cities near Norman, OK in the following chart.
City Studio 1 Bed 2 Bed All
Midwest City, OK N/A $749 $972 $1,225
Oklahoma City, OK $775 $889 $1,100 $1,400

Top Neighborhoods Near Norman



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

Top Counties Near Norman

The average rent for rentals in these counties is $1,313. That's roughly around $1 per sqft. The county that is the most affordable is Cleveland, OK. It's average rent per month is $1,313. Vice versa, with an average rent of $1,313, Cleveland, OK is the most expensive county by Norman, OK.

In comparison, rent for one bedroom listings in Norman, OK is 0.98% more expensive than other counties nearby. Finally, rent for two bedrooms in Norman, OK is 0.21% 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 $809 $950 $1,313

Top Zipcodes Near Norman

There are a total of 3 zipcodes in or near Norman, OK. The average rent for all of these zipcodes is $1,199. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 73071, Norman, OK at $1,095 per month. In comparison, the zipcode with the most expensive average rent of $1,550 per month is 73099, Yukon, OK.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Norman, OK is $783 per month. Or in other words, $1 per sqft. Meanwhile, two bedroom apartments will cost you an average of $999 per month. Which comes out to $1 per sqft. The following chart includes the top 3 zipcodes in Norman, OK. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
73099, Yukon, OK N/A $783 $1,244 $1,550
73071, Norman, OK N/A $759 $875 $1,095
73072, Norman, OK N/A $834 $999 $1,199

Frequently Asked Questions - Norman Average Rents

What is the average rent price in Norman, OK?
The average monthly rental price for Norman, OK apartments for rent is approximately $1,200. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Norman, 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 Norman, OK.
How much is a studio apartment in Norman, 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 Norman.
How much is a one bedroom apartment in Norman, OK?
The average monthly rental price for one bedroom apartments is $817 and an average price per square feet of $1.31. There are a total of 30 one bedroom apartment listings currently available for rent in Norman.
How much is a two bedroom apartment in Norman, OK?
The average monthly rental price for two bedroom apartments is $952 and an average price per square feet of $1.00. There are a total of 60 two bedroom apartment listings currently available for rent in Norman.
How have rent prices in Norman, OK changed this year?
Rent prices for rentals in Norman, OK can fluctuate yearly. Specifically, studio rental prices have changed by 3.18%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.08%, and three bedroom rental prices have changed by 0.04% year-over-year.
What is a reasonable rent price in Norman, OK?
A reasonable rent price in Norman, OK is around $960/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast