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City Report · OK

Owasso

Pop. 40,151·19th most expensive in Oklahoma·Owasso rents have dropped 8.5%, currently a renter's market
Median rent (all units)
$1,362/mo
Year-over-Year
-8.5%
Month-over-Month
+1.0%
vs US Median
-$603
Rising (Monthly)
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Most AffordableMost Expensive
Owasso · $1,362
More affordable than 84% of US cities · National median $1,965/mo
Rent Reality Score
63/100
Good value
OverheatedFairGreat value

Rents are 6% below what Owasso's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,362/mo
Expected by trend
$1,455/mo
The Rent Reality Score compares today's median rent to where Owasso's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,030
1 BR
$1,100
2 BR
$1,360
3 BR
$1,790
4 BR+
$2,070
Research median
$1,360/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
$16,344/yr
At $1,362/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 8.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-8.5% YoY, +1.0% MoM), not inventory.
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Demographics

Who lives here

Owasso, OK is majority owner-occupied, has a large share of families with children, 34.6% of residents hold a bachelor's degree or higher.

Population
40,151
Median income
$79,036
Median age
34
Renters
36.5%
Age distribution
26%
25.6%
25.7%
12.8%
Under 1826%
18–3425.6%
35–5425.7%
55–6410%
65+12.8%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
67.9%
14.7%
White67.9%
Black3.6%
Hispanic11.7%
Asian2.2%
Other14.7%
Education (25+)
25.4%
34.8%
34.6%
No HS diploma5.2%
HS diploma25.4%
Some college34.8%
Bachelor's+34.6%
Housing tenure
63.5%
36.5%
Owner63.5%
Renter36.5%

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

2021 vs 2026

How Owasso, OK has changed in 5 years

Rent
$1,150 → $1,362
up 18.4%
Income
$71,621 → $79,036
up 10.4%
Population
37,559 → 40,151
up 6.9%
Renter share
34.7% → 36.5%
+1.8 pts
Bachelor's+
34.3% → 34.6%
+0.3 pts
Median age
33.3 → 34
+0.7 yrs

Five years ago, renters in Owasso, OK paid around $1,150 a month. That figure now sits near $1,362, up 18.4% from the 2021 baseline. Household income in the area moved from $71,621 to $79,036 across the same window, up 10.4% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Owasso, OK adding about 2,592 residents over the five-year window, up 6.9% on net. The renter share has risen from 34.7% to 36.5%, with owner-occupied housing accounting for the remainder. Reading these numbers side by side helps frame whether current listings in Owasso, OK look reasonable against where the market sat half a decade ago.

Community

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

Can you afford rent in Owasso on your salary?

At $1,362/mo, how Owasso rent compares to typical pay (30% rule).

By apartment size

Owasso rent by bedroom count

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

Local insights

Tips for renters in Owasso

About renting in Owasso, OK

Last updated: July 20, 2026

The median rent in Owasso is $1,362/mo as of July 2026. A studio apartment averages $1,030/mo while a 2-bedroom runs $1,360/mo. One-bedroom apartments average $1,100/mo and 3-bedroom units go for $1,790/mo.

At 21% of local median household income ($79,036/yr), Owasso ranks as affordable compared to the national benchmark of 30%. Rents have decreased 8.5% over the past year.

FAQ

Frequently asked questions

Is Owasso an affordable city for renters?

Owasso is considered very affordable for renters. At $1,362/mo, rent takes approximately 21% of the local median household income ($79,036/yr). The standard benchmark is 30%. Owasso falls comfortably within that range.

How much income do you need to rent in Owasso?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,362/mo in Owasso. The local median household income is $79,036/yr, meaning the typical Owasso household meets that threshold.

Is rent going up or down in Owasso?

Rent in Owasso has decreased 8.5% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Owasso rent compare to other cities in Oklahoma?

Owasso is middle-of-the-pack for Oklahoma for rent, ranking #19 out of 38 tracked cities at $1,362/mo.

Which nearby cities are cheaper to rent in than Owasso?

Tulsa is nearby and more affordable at $1,272/mo, which is $90 less than Owasso.

What percentage of Owasso residents rent vs. own?

According to Census data, approximately 36.5% of Owasso households are renters, while 63.5% are owner-occupied. Owasso leans toward homeownership, which can mean a smaller rental inventory.

How does Owasso rent compare to the national average?

Owasso's median rent of $1,362/mo is $603 (31%) below the US national median of $1,965/mo. Within Oklahoma, it ranks #19 out of 38 tracked cities.
Income Affordability
21%
VERY AFFORDABLE

At $1,362/mo, rent takes ~21% of Owasso's median household income ($79,036/yr). The standard benchmark is 30%.

Owasso 21%Benchmark 30%
State income tax0.25–4.75%
Run the Owasso affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Owasso, OK

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