At $1,917/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,917 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($96,250) is $2,406 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,240).
From Zillow's monthly rent index (ZORI) for Elgin. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Elgin, OK has changed in 5 years
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.
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Can you afford rent in Elgin on your salary?
At $1,917/mo, how Elgin rent compares to typical pay (30% rule).
Elgin rent by bedroom count
Median rent for each apartment size in Elgin. Click any size for full breakdown.
Tips for renters in Elgin
Last updated: October 17, 2026
The median rent in Elgin is $1,917/mo as of October 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.
Frequently asked questions
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Is rent going up or down in Elgin?
How does Elgin rent compare to other cities in Oklahoma?
At $1,917/mo, rent takes ~24% of Elgin's median household income ($96,250/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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