Rents are 5% below what Owasso'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 $1,375 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
January. Asking rents in Owasso usually run 0.6% below trend in January and 0.8% above it in August, about $19 a month apart at today's median. Based on 10 years of data.
Rent in Owasso is at its highest level since Zillow's records here began in June 2016.
Rent in Owasso changed +2.8% over the year to September 2026. Across the 31 Oklahoma cities Zillow tracks, the typical change was +2.8%.
From 2019 to 2024, rent in Owasso rose 34.7% while median household income rose 9.1% ($72,443 to $79,036). Rent outpaced income.
Rent in Owasso is 36.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($79,036) is $1,976 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,790); a 4-bedroom is $2,070.
Pryor, 29 miles away, rents for 23% less ($1,059/mo), about $3,800 a year in savings.
From Zillow's monthly rent index (ZORI) for Owasso. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. 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
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Owasso, OK has changed in 5 years
Five years ago, renters in Owasso, OK paid around $1,093 a month. That figure now sits near $1,375, up 25.8% 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.
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Can you afford rent in Owasso on your salary?
At $1,375/mo, how Owasso rent compares to typical pay (30% rule).
Owasso rent by bedroom count
Median rent for each apartment size in Owasso. Click any size for full breakdown.
Tips for renters in Owasso
Last updated: October 17, 2026
The median rent in Owasso is $1,375/mo as of October 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 increased 2.8% over the past year.
Frequently asked questions
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Is rent going up or down in Owasso?
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Has rent outpaced income in Owasso?
How does Owasso rent compare to other cities in Oklahoma?
Which nearby cities are cheaper to rent in than Owasso?
At $1,375/mo, rent takes ~21% of Owasso's median household income ($79,036/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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