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ZIP Code · OK

ZIP 73116

Pop. 10,211·Oklahoma County·27th most expensive ZIP in Oklahoma
Median rent (all units)
$1,499/mo
Year-over-Year
-6.9%
Month-over-Month
-8.8%
vs US Median
-$466
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 73116 · $1,499
More affordable than 74% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$990
1 BR
$1,070
2 BR
$1,310
3 BR
$1,760
4 BR+
$1,960
Research median
$1,310/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
$17,988/yr
At $1,499/mo median
Location
StateOK
CountyOklahoma County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 6.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-6.9% YoY, -8.8% MoM), not inventory.
Demographics

Who lives here

ZIP 73116 (Oklahoma City, OK) is majority owner-occupied, has a large retiree population, 53.5% of residents hold a bachelor's degree or higher.

Population
10,211
Median income
$81,226
Median age
40.2
Renters
31.6%
Age distribution
22.2%
19%
28.1%
20.2%
Under 1822.2%
18–3419%
35–5428.1%
55–6410.6%
65+20.2%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
71.6%
White71.6%
Black4.3%
Hispanic8.3%
Asian5.3%
Other10.4%
Education (25+)
14.5%
26%
53.5%
No HS diploma6%
HS diploma14.5%
Some college26%
Bachelor's+53.5%
Housing tenure
68.4%
31.6%
Owner68.4%
Renter31.6%

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

2021 vs 2026

How ZIP 73116 in Oklahoma City, OK has changed in 5 years

Income
$81,370 → $81,226
down 0.2%
Population
9,745 → 10,211
up 4.8%
Renter share
27.5% → 31.6%
+4.1 pts
Bachelor's+
59.5% → 53.5%
-6.0 pts

Local incomes tracked alongside that move, going from a median of $81,370 in 2021 to $81,226 more recently. The population has grown by 4.8% since 2021, moving from about 9,745 residents to roughly 10,211. Renters now make up 31.6% of households, compared with 27.5% five years ago. College-educated residents now make up 53.5% of adults here, versus 59.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 73116

About renting in ZIP 73116

Last updated: July 20, 2026

ZIP code 73116 covers Oklahoma City, OK. The median rent here is $1,499/mo as of July 2026. A 1-bedroom rents for a median of $1,070/mo. A 2-bedroom rents for a median of $1,310/mo.

At 22% of local median household income ($81,226/yr), ZIP 73116 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 6.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 73116?

As of July 20, 2026, the median monthly rent in ZIP 73116 (Oklahoma City, OK) is $1,499. This is based on aggregated data from public sources and community submissions.

How does ZIP 73116 rent compare to the US average?

ZIP 73116's median rent of $1,499/mo is $466 (24%) below the US national median of $1,965/mo.

How does ZIP 73116 compare to other ZIPs in Oklahoma?

ZIP 73116 is one of the pricier ZIP codes in Oklahoma, ranking #27 out of 100 ZIPs tracked at $1,499/mo.

How much income do you need to rent in ZIP 73116?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,499/mo in ZIP 73116. The local median household income is $81,226/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 73116?

Rent in ZIP 73116 has decreased 6.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 73116 an affordable place to rent?

ZIP 73116 is considered very affordable for renters. At $1,499/mo, rent takes approximately 22% of the local median household income ($81,226/yr). The standard benchmark is 30%. ZIP 73116 falls comfortably within that range.

What percentage of ZIP 73116 residents rent vs. own?

According to Census data, approximately 31.6% of ZIP 73116 households are renters, while 68.4% are owner-occupied. ZIP 73116 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 73116 compare to the rest of Oklahoma City?

ZIP 73116 is pricier than Oklahoma City as a whole. At $1,499/mo, it's $201 above the Oklahoma City citywide median of $1,298/mo.

When was rent data for ZIP 73116 last updated?

Rent data for ZIP 73116 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,499/mo, rent takes ~22% of ZIP 73116's median household income ($81,226/yr). The standard benchmark is 30%.

ZIP 73116 22%Benchmark 30%
State income tax0.25–4.75%
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Schools nearby

Public schools near ZIP 73116 (Oklahoma City, OK)

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