How much does it cost to rent in Owasso, OK?

As of August 2026, the median monthly rent in Owasso, OK is $1,383. This figure is based on aggregated data from public sources and community-submitted rents.

Is Owasso cheaper than other Oklahoma cities?

Owasso falls in the middle range for Oklahoma, ranking #21 out of 39 cities at $1,383/mo.

When was Owasso rent data last updated?

Owasso rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

Is Owasso a renter's market or a landlord's market?

Based on RentDataNow's Rent Market Meter, Owasso is currently a renter's market. Rents are softening (down 7.2% YoY), so renters have negotiating leverage. The meter is derived from rent-price momentum (year-over-year and month-over-month change), not inventory levels.

What is the Fair Market Rent in Owasso, OK?

HUD sets the Fair Market Rent for a two-bedroom home in Owasso, OK at $1,360 per month, which is 2% below the $1,383 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · OK

Owasso

Name: Average Rent Prices in Owasso, OK
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 40,151·21st most expensive in Oklahoma·Owasso rents have dropped 7.2%, currently a renter's market

Median rent (all units)

$1,383/mo

Year-over-Year

-7.2%

Month-over-Month

+1.5%

vs US Median

-$579

Rising (Monthly)

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Most AffordableMost Expensive

Owasso · $1,383

More affordable than 83% of US cities · National median $1,962/mo

Rent Reality Score

61/100

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

$1,383/mo

Expected by trend

$1,466/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

Fair Market Rent (HUD)

$1,360/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,383 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 →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost

$16,596/yr

At $1,383/mo median

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 7.2% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-7.2% YoY, +1.5% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

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

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 → $1,383

up 20.3%

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 $1,383, up 20.3% 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

Discussions about Owasso

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View Owasso rent history (2015–2026) →

Salary vs rent

Can you afford rent in Owasso on your salary?

At $1,383/mo, how Owasso rent compares to typical pay (30% rule).

Registered Nurse

Avg $83,142/yr · Rent = 20% income

very comfortable

Elementary School Teacher

Avg $59,030/yr · Rent = 28.1% income

affordable

Police Officer

Avg $67,998/yr · Rent = 24.4% income

affordable

Software Developer

Avg $121,537/yr · Rent = 13.7% income

very comfortable

Lawyer

Avg $155,294/yr · Rent = 10.7% income

very comfortable

Firefighter

Avg $55,273/yr · Rent = 30% income

stretched

Truck Driver

Avg $49,905/yr · Rent = 33.3% income

stretched

Electrician

Avg $61,512/yr · Rent = 27% income

affordable

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: August 17, 2026

The median rent in Owasso is $1,383/mo as of August 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 7.2% over the past year.

FAQ

Frequently asked questions

Is Owasso an affordable city for renters?

Owasso is considered very affordable for renters. At $1,383/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 $55,000/year (~$26/hour full-time) to afford the median rent of $1,383/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 7.2% over the past year as of August 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 #21 out of 39 tracked cities at $1,383/mo.

Which nearby cities are cheaper to rent in than Owasso?

Tulsa is nearby and more affordable at $1,276/mo, which is $107 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 $1,383/mo is $579 (30%) below the US national median of $1,962/mo. Within Oklahoma, it ranks #21 out of 39 tracked cities.

Income Affordability

21%

VERY AFFORDABLE

At $1,383/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 →

Nearby cities