ZIP Code · OK

ZIP 73116

Part of Oklahoma City, OK

Pop. 10,211·Oklahoma County·5th most expensive ZIP in Oklahoma

Median rent (all units)

$1,761/mo

Year-over-Year

+4.5%

Month-over-Month

+0.8%

vs US Median

-$171

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 73116 · $1,761

More affordable than 54% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 73116 is 0.1% below its high of $1,763 in July 2026, at $1,761 as of September 2026.

Past year vs. the rest of Oklahoma

Rent in ZIP 73116 changed +4.4% over the year to September 2026. Across the 87 Oklahoma ZIP codes Zillow tracks, the typical change was +3.6%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($81,226) is $2,031 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,960).

Rank in Oklahoma City

27th cheapest of 27 ZIP codes in Oklahoma City.

Cheaper nearby

ZIP 73112, 2 miles away, rents for 29% less ($1,243/mo), about $6,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 73116. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,132/yr

At $1,761/mo median

Location

CityOklahoma City

StateOK

CountyOklahoma County

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, +0.8% 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

2023 vs 2026

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

Rent

$1,533 → $1,761

up 14.9%

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

The median rent in ZIP 73116 in Oklahoma City, OK stood at $1,533 in 2023 and currently runs about $1,761, reflecting a 14.9% increase over the period. Local incomes tracked alongside that move, going from a median of $81,370 in 2021 to $81,226 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. 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. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 73116 in Oklahoma City, OK market of 2023.

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About renting in ZIP 73116

Last updated: October 17, 2026

ZIP code 73116 covers Oklahoma City, OK. The median rent here is $1,761/mo as of October 2026. A 1-bedroom rents for a median of $1,070/mo. A 2-bedroom rents for a median of $1,310/mo.

At 26% of local median household income ($81,226/yr), ZIP 73116 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.

FAQ

Frequently asked questions

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 $70,000/year (about $34/hour full-time) to afford the median rent of $1,761/mo in ZIP 73116. The local median household income is $81,226/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 73116?

Rent in ZIP 73116 has risen 4.5% over the past year as of September 2026. It sits 0.1% below its high of $1,763 in July 2026.

How does ZIP 73116 compare to other ZIPs in Oklahoma?

ZIP 73116 is one of the pricier among Oklahoma ZIP codes for rent, ranking #5 of 99 at $1,761/mo. Over the year to September 2026, rent in ZIP 73116 changed +4.4%, against a typical +3.6% across the 87 Oklahoma ZIP codes Zillow tracks.