Average Rent in Oklahoma City, OK

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Current Versus Historical Oklahoma City, OK Rents

Oklahoma City rentals average $755 for a studio rental to $1,795 for a 4-bedroom rental. The median price of all currently available listings is $1,400, or roughly $1 per square feet.
For the apartment units and housing in February 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $238 (28.67%) year-over-year from $830 to $1,068. 1-bedroom rentals prices have decreased by $35 (-3.92%) year-over-year from $885 to $850. 2-bedroom rentals prices have decreased by $150 (-11.13%) year-over-year from $1,345 to $1,195. 3-bedroom rentals prices have increased by $125 (8.77%) year-over-year from $1,425 to $1,550. 4-bedroom rentals prices have increased by $218 (13.16%) year-over-year from $1,653 to $1,870. 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 2.56% this month. 1-bedroom rents have gone down by 1.77% this month. 2-bedroom rents have gone down by 10.44% this month. 3-bedroom rents have gone up by 3.45% this month. 4-bedroom rents have gone up by 4.62% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $1.65 $1,068 $830 (28.67%) $1,279 (-16.55%)
1 BR $1.26 $850 $885 (-3.92%) $911 (-6.73%)
2 BR $1.09 $1,195 $1,345 (-11.13%) $1,074 (11.23%)
3 BR $1.10 $1,550 $1,425 (8.77%) $1,307 (18.64%)
4+ BR $1.00 $1,870 $1,653 (13.16%) $1,593 (17.43%)

Historical Rents in Oklahoma City, OK

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Oklahoma City

There are a total of 3 cities nearby Oklahoma City. The average rent in Oklahoma City is currently $1,195 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Midwest City, OK, with an average rent of $1,050, is the most affordable city nearby. In contrast, the most expensive city near Oklahoma City, OK is Edmond, OK. Monthly rents here are on average $1,695 per month.

Let's compare Oklahoma City, OK's rent against other top cities nearby by bedroom size. One bedrooms are about 5.94% more expensive. Two bedrooms in Oklahoma City, OK are about 9.20% more expensive. Finally, rent for three bedrooms are about 3.23% more affordable. Want more information? Check out the top 3 cities near Oklahoma City, OK in the following chart.
City Studio 1 Bed 2 Bed All
Midwest City, OK N/A $725 $972 $1,050
Norman, OK N/A $799 $922 $1,195
Edmond, OK N/A $884 $1,060 $1,695

Top Neighborhoods Near Oklahoma City



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

Top Counties Near Oklahoma City

Some of these counties include Oklahoma, OK, Cleveland, OK, and Canadian, OK. The average rent for rentals in these counties is $1,399. 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 Oklahoma, OK. It's average rent per month is $1,350. Vice versa, with an average rent of $1,595, Canadian, OK is the most expensive county by Oklahoma City, OK.

In comparison, rent for one bedroom listings in Oklahoma City, OK is 1.71% more expensive than other counties nearby. Finally, rent for two bedrooms in Oklahoma City, OK is 6.59% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Oklahoma, OK $750 $835 $1,000 $1,350
Cleveland, OK N/A $799 $938 $1,399
Canadian, OK N/A $865 $1,097 $1,595

Top Zipcodes Near Oklahoma City

There are a total of 6 zipcodes in or near Oklahoma City, OK. The average rent for all of these zipcodes is $1,225. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 73110, Midwest City, OK at $1,000 per month. In comparison, the zipcode with the most expensive average rent of $1,695 per month is 73132, Oklahoma City, OK.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Oklahoma City, OK is $801 per month. Or in other words, $1 per sqft. Meanwhile, two bedroom apartments will cost you an average of $952 per month. Which comes out to $1 per sqft. The following chart includes the top 6 zipcodes in Oklahoma City, 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 $808 $1,270 $1,595
73071, Norman, OK N/A $759 $895 $1,057
73072, Norman, OK N/A $809 $935 $1,349
73106, Oklahoma City, OK $695 $910 $1,373 $1,100
73132, Oklahoma City, OK N/A $795 $850 $1,695
73110, Midwest City, OK N/A $725 $969 $1,000

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 $1,400. 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 $755 and an average price per square feet of $1.65. There are a total of 18 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 $850 and an average price per square feet of $1.26. There are a total of 124 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 $1,071 and an average price per square feet of $1.09. There are a total of 184 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 0.29%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by -0.11%, 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 $1,120/month. You can search for these reasonably priced rental listings on RentHop.
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