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City Report · OK

Mustang

Pop. 22,192·4th most expensive in Oklahoma·Rental market data updated monthly for Mustang, OK
Median rent (all units)
$1,708/mo
Year-over-Year
-1.3%
Month-over-Month
+1.1%
vs US Median
-$257
Rising (Monthly)
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Most AffordableMost Expensive
Mustang · $1,708
More affordable than 61% of US cities · National median $1,965/mo
Rent Reality Score
59/100
Fairly priced
OverheatedFairGreat value

Rents are 4% below what Mustang's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,708/mo
Expected by trend
$1,785/mo
The Rent Reality Score compares today's median rent to where Mustang's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,040
1 BR
$1,130
2 BR
$1,390
3 BR
$1,860
4 BR+
$2,020
Research median
$1,390/mo

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

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$20,496/yr
At $1,708/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-1.3% YoY, +1.1% MoM), not inventory.
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Demographics

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.

Population
22,192
Median income
$87,844
Median age
39.1
Renters
24.2%
Age distribution
25.7%
18.1%
28.9%
12.3%
15%
Under 1825.7%
18–3418.1%
35–5428.9%
55–6412.3%
65+15%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
75%
White75%
Black3.7%
Hispanic11%
Asian1.9%
Other8.3%
Education (25+)
29.8%
36%
27.1%
No HS diploma7.1%
HS diploma29.8%
Some college36%
Bachelor's+27.1%
Housing tenure
75.8%
24.2%
Owner75.8%
Renter24.2%

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

2023 vs 2026

How Mustang, OK has changed in 5 years

Rent
$1,581 → $1,708
up 8.0%
Income
$80,817 → $87,844
up 8.7%
Population
19,847 → 22,192
up 11.8%
Renter share
23% → 24.2%
+1.2 pts
Bachelor's+
23.9% → 27.1%
+3.2 pts
Median age
38.4 → 39.1
+0.7 yrs

The median rent in Mustang, OK stood at $1,581 in 2023 and currently runs about $1,708, reflecting a 8.0% 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.

Community

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View Mustang rent history (2015–2026) →
Salary vs rent

Can you afford rent in Mustang on your salary?

At $1,708/mo, how Mustang rent compares to typical pay (30% rule).

By apartment size

Mustang rent by bedroom count

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

Local insights

Tips for renters in Mustang

About renting in Mustang, OK

Last updated: July 20, 2026

The median rent in Mustang is $1,708/mo as of July 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 decreased 1.3% over the past year.

FAQ

Frequently asked questions

Is Mustang an affordable city for renters?

Mustang is considered very affordable for renters. At $1,708/mo, rent takes approximately 23% of the local median household income ($87,844/yr). The standard benchmark is 30%. Mustang falls comfortably within that range.

How much income do you need to rent in Mustang?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,708/mo in Mustang. The local median household income is $87,844/yr, meaning the typical Mustang household meets that threshold.

Is rent going up or down in Mustang?

Rent in Mustang has decreased 1.3% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Mustang rent compare to other cities in Oklahoma?

Mustang is one of the pricier cities in Oklahoma for rent, ranking #4 out of 38 tracked cities at $1,708/mo.

Which nearby cities are cheaper to rent in than Mustang?

Several nearby cities have lower median rents than Mustang ($1,708/mo): Bethany ($1,186/mo), Oklahoma City ($1,298/mo), Warr Acres ($1,310/mo).

What percentage of Mustang residents rent vs. own?

According to Census data, approximately 24.2% of Mustang households are renters, while 75.8% are owner-occupied. Mustang leans toward homeownership, which can mean a smaller rental inventory.

How does Mustang rent compare to the national average?

Mustang's median rent of $1,708/mo is $257 (13%) below the US national median of $1,965/mo. Within Oklahoma, it ranks #4 out of 38 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,708/mo, rent takes ~23% of Mustang's median household income ($87,844/yr). The standard benchmark is 30%.

Mustang 23%Benchmark 30%
State income tax0.25–4.75%
Run the Mustang affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Mustang, OK

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