Rents are 3% below what Mustang's 10-year trend predicts — a better deal than its own history suggests.
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 $1,682 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
Rent in Mustang is 0% below its high of $1,682 in June 2026, at $1,682 as of September 2026.
Rent in Mustang changed +0.9% over the year to September 2026. Across the 31 Oklahoma cities Zillow tracks, the typical change was +2.8%.
Rent rose in 6 of the last 12 months.
30% of the median household income ($87,844) is $2,196 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,020).
Bethany, 11 miles away, rents for 25% less ($1,266/mo), about $5,000 a year in savings.
From Zillow's monthly rent index (ZORI) for Mustang. 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
Mustang, OK is majority owner-occupied, has a large share of families with children, 27.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Mustang, OK has changed in 5 years
The median rent in Mustang, OK stood at $1,547 in 2023 and currently runs about $1,682, reflecting a 8.7% increase over the period. Census figures show median household income at $87,844 today, compared with $80,817 five years earlier. The population has grown by 11.8% since 2021, moving from about 19,847 residents to roughly 22,192. College-educated residents now make up 27.1% of adults here, versus 23.9% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.
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Can you afford rent in Mustang on your salary?
At $1,682/mo, how Mustang rent compares to typical pay (30% rule).
Mustang rent by bedroom count
Median rent for each apartment size in Mustang. Click any size for full breakdown.
Tips for renters in Mustang
Last updated: October 17, 2026
The median rent in Mustang is $1,682/mo as of October 2026. A studio apartment averages $1,040/mo while a 2-bedroom runs $1,390/mo. One-bedroom apartments average $1,130/mo and 3-bedroom units go for $1,860/mo.
At 23% of local median household income ($87,844/yr), Mustang ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.9% over the past year.
Frequently asked questions
How much income do you need to rent in Mustang?
Is rent going up or down in Mustang?
How does Mustang rent compare to other cities in Oklahoma?
Which nearby cities are cheaper to rent in than Mustang?
At $1,682/mo, rent takes ~23% of Mustang's median household income ($87,844/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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