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City Report · OK

Oklahoma City

Pop. 697,125·22nd most expensive in Oklahoma·One of the most affordable rental markets in the US
Median rent (all units)
$1,298/mo
Year-over-Year
+4.5%
Month-over-Month
-1.0%
vs US Median
-$667
Falling (Monthly)
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Most AffordableMost Expensive
Oklahoma City · $1,298
More affordable than 88% of US cities · National median $1,965/mo
Rent Reality Score
54/100
Fairly priced
OverheatedFairGreat value

Rents are 2% below what Oklahoma City's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,298/mo
Expected by trend
$1,327/mo
The Rent Reality Score compares today's median rent to where Oklahoma City's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$937
1 BR
$1,015
2 BR
$1,247
3 BR
$1,666
4 BR+
$1,817
Research median
$1,247/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
$15,576/yr
At $1,298/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.5% YoY, -1.0% MoM), not inventory.
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Demographics

Who lives here

Oklahoma City, OK is majority owner-occupied, 34.7% of residents hold a bachelor's degree or higher.

Population
697,125
Median income
$68,656
Median age
35.1
Renters
41.4%
Age distribution
24.9%
25%
25.8%
13.5%
Under 1824.9%
18–3425%
35–5425.8%
55–6410.9%
65+13.5%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
55.5%
13.4%
22.1%
White55.5%
Black13.4%
Hispanic22.1%
Asian4.6%
Other4.5%
Education (25+)
24.3%
29%
34.7%
No HS diploma12%
HS diploma24.3%
Some college29%
Bachelor's+34.7%
Housing tenure
58.6%
41.4%
Owner58.6%
Renter41.4%

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

2021 vs 2026

How Oklahoma City, OK has changed in 5 years

Rent
$1,003 → $1,298
up 29.4%
Income
$59,679 → $68,656
up 15.0%
Population
673,183 → 697,125
up 3.6%
Renter share
40% → 41.4%
+1.4 pts
Bachelor's+
32.3% → 34.7%
+2.4 pts

The median rent in Oklahoma City, OK stood at $1,003 in 2021 and currently runs about $1,298, reflecting a 29.4% increase over the period. Median household income rose from $59,679 to $68,656 between 2021 and 2024, a 15.0% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.6% since 2021, moving from about 673,183 residents to roughly 697,125. College-educated residents now make up 34.7% of adults here, versus 32.3% in 2021. Taken together, the five-year picture in Oklahoma City, OK reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

Discussions about Oklahoma City

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View Oklahoma City rent history (2015–2026) →
Salary vs rent

Can you afford rent in Oklahoma City on your salary?

At $1,298/mo, how Oklahoma City rent compares to typical pay (30% rule).

By apartment size

Oklahoma City rent by bedroom count

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

Local insights

Tips for renters in Oklahoma City

About renting in Oklahoma City, OK

Last updated: July 20, 2026

The median rent in Oklahoma City is $1,298/mo as of July 2026. A studio apartment averages $937/mo while a 2-bedroom runs $1,247/mo. One-bedroom apartments average $1,015/mo and 3-bedroom units go for $1,666/mo.

At 23% of local median household income ($68,656/yr), Oklahoma City ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.

FAQ

Frequently asked questions

Is Oklahoma City an affordable city for renters?

Oklahoma City is considered very affordable for renters. At $1,298/mo, rent takes approximately 23% of the local median household income ($68,656/yr). The standard benchmark is 30%. Oklahoma City falls comfortably within that range.

How much income do you need to rent in Oklahoma City?

To keep rent at or below 30% of gross income, you would need to earn at least $52,000/year (~$25/hour full-time) to afford the median rent of $1,298/mo in Oklahoma City. The local median household income is $68,656/yr, meaning the typical Oklahoma City household meets that threshold.

Is rent going up or down in Oklahoma City?

Rent in Oklahoma City has increased 4.5% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Oklahoma City neighborhoods have the lowest rent?

The most affordable ZIP codes in Oklahoma City are 73109 ($857/mo), 73139 ($880/mo), and 73108 ($1,024/mo). Citywide, the median rent in Oklahoma City is $1,298/mo.

How does Oklahoma City rent compare to other cities in Oklahoma?

Oklahoma City is middle-of-the-pack for Oklahoma for rent, ranking #22 out of 38 tracked cities at $1,298/mo.

Which nearby cities are cheaper to rent in than Oklahoma City?

Several nearby cities have lower median rents than Oklahoma City ($1,298/mo): Bethany ($1,186/mo), Del City ($1,213/mo).

What percentage of Oklahoma City residents rent vs. own?

According to Census data, approximately 41.4% of Oklahoma City households are renters, while 58.6% are owner-occupied. Oklahoma City leans toward homeownership, which can mean a smaller rental inventory.

How does Oklahoma City rent compare to the national average?

Oklahoma City's median rent of $1,298/mo is $667 (34%) below the US national median of $1,965/mo. Within Oklahoma, it ranks #22 out of 38 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,298/mo, rent takes ~23% of Oklahoma City's median household income ($68,656/yr). The standard benchmark is 30%.

Oklahoma City 23%Benchmark 30%
State income tax0.25–4.75%
Run the Oklahoma City affordability calculator →
Lowest-rent ZIP codes in Oklahoma City
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Oklahoma City, OK

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