How much does it cost to rent in Elgin, OK?

As of July 2026, the median monthly rent in Elgin, OK is $1,891. This figure is based on aggregated data from public sources and community-submitted rents.

Is Elgin cheaper than other Oklahoma cities?

Elgin is one of the pricier cities in Oklahoma, ranking #1 out of 38 cities tracked at $1,891/mo.

When was Elgin rent data last updated?

Elgin rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

Is Elgin a renter's market or a landlord's market?

Based on RentDataNow's Rent Market Meter, Elgin is currently a renter's market. Rents are softening (down 0.0% YoY), so renters have negotiating leverage. The meter is derived from rent-price momentum (year-over-year and month-over-month change), not inventory levels.

City Report · OK

Elgin

Name: Average Rent Prices in Elgin, OK
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 3,608·1st most expensive in Oklahoma·Rental market data updated monthly for Elgin, OK

Median rent (all units)

$1,891/mo

Year-over-Year

Stable

Month-over-Month

-1.8%

vs US Median

-$74

Falling (Monthly)

Be the first to discuss Elgin rents ↓

Most AffordableMost Expensive

Elgin · $1,891

More expensive than 52% of US cities · National median $1,965/mo

Affordability

24% of income

VERY AFFORDABLE

0%30% benchmark60%+

At $1,891/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$76,000/yr

Local median income

$96,250/yr

Based on the 30%-of-income rule using Elgin's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

2 BR

$1,097

3 BR

$1,525

4 BR+

$2,240

Research median

$1,097/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$22,692/yr

At $1,891/mo median

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -1.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Elgin, OK is majority owner-occupied, has a large share of families with children, has a median income above the national average, 43.4% of residents hold a bachelor's degree or higher.

Population

3,608

Median income

$96,250

Median age

32.2

Renters

25.2%

Age distribution

35.2%

19.7%

30%

Under 1835.2%

18–3419.7%

35–5430%

55–647.3%

65+7.8%

Gender

50.7%

49.3%

Male50.7%

Female49.3%

Race & ethnicity

67.9%

19.6%

White67.9%

Black2.2%

Hispanic19.6%

Asian1.7%

Other8.6%

Education (25+)

18.5%

34%

43.4%

No HS diploma4.1%

HS diploma18.5%

Some college34%

Bachelor's+43.4%

Housing tenure

74.8%

25.2%

Owner74.8%

Renter25.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Elgin, OK has changed in 5 years

Income

$69,451 → $96,250

up 38.6%

Population

3,498 → 3,608

up 3.1%

Renter share

36.5% → 25.2%

-11.3 pts

Bachelor's+

33.5% → 43.4%

+9.9 pts

Median age

31.3 → 32.2

+0.9 yrs

Median household income climbed from $69,451 to $96,250 between 2021 and 2024, a 38.6% shift. Census counts show Elgin, OK adding about 110 residents over the five-year window, up 3.1% on net. The renter share has eased from 36.5% to 25.2%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 33.5% to 43.4% across the same window.

Community

Discussions about Elgin

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View Elgin rent history (2015–2026) →

Salary vs rent

Can you afford rent in Elgin on your salary?

At $1,891/mo, how Elgin rent compares to typical pay (30% rule).

Registered Nurse

Avg $83,142/yr · Rent = 27.3% income

affordable

Elementary School Teacher

Avg $59,030/yr · Rent = 38.4% income

stretched

Police Officer

Avg $67,998/yr · Rent = 33.4% income

stretched

Software Developer

Avg $121,537/yr · Rent = 18.7% income

very comfortable

Lawyer

Avg $155,294/yr · Rent = 14.6% income

very comfortable

Firefighter

Avg $55,273/yr · Rent = 41.1% income

rent-burdened

Truck Driver

Avg $49,905/yr · Rent = 45.5% income

rent-burdened

Electrician

Avg $61,512/yr · Rent = 36.9% income

stretched

By apartment size

Elgin rent by bedroom count

Median rent for each apartment size in Elgin. Click any size for full breakdown.

Local insights

Tips for renters in Elgin

About renting in Elgin, OK

Last updated: July 20, 2026

The median rent in Elgin is $1,891/mo as of July 2026. a 2-bedroom runs $1,097/mo and 3-bedroom units go for $1,525/mo.

At 24% of local median household income ($96,250/yr), Elgin ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Elgin an affordable city for renters?

Elgin is considered very affordable for renters. At $1,891/mo, rent takes approximately 24% of the local median household income ($96,250/yr). The standard benchmark is 30%. Elgin falls comfortably within that range.

How much income do you need to rent in Elgin?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,891/mo in Elgin. The local median household income is $96,250/yr, meaning the typical Elgin household meets that threshold.

Is rent going up or down in Elgin?

Rent in Elgin has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Elgin rent compare to other cities in Oklahoma?

Elgin is one of the pricier cities in Oklahoma for rent, ranking #1 out of 38 tracked cities at $1,891/mo.

Which nearby cities are cheaper to rent in than Elgin?

Several nearby cities have lower median rents than Elgin ($1,891/mo): Duncan ($1,058/mo), Lawton ($1,086/mo), Newcastle ($1,676/mo).

What percentage of Elgin residents rent vs. own?

According to Census data, approximately 25.2% of Elgin households are renters, while 74.8% are owner-occupied. Elgin leans toward homeownership, which can mean a smaller rental inventory.