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ZIP Code · OK

ZIP 73118

Pop. 14,262·Oklahoma County·34th most expensive ZIP in Oklahoma
Median rent (all units)
$1,440/mo
Year-over-Year
+4.2%
Month-over-Month
-1.9%
vs US Median
-$525
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 73118 · $1,440
More affordable than 78% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$990
2 BR
$1,210
3 BR
$1,630
4 BR+
$1,810
Research median
$1,210/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
$17,280/yr
At $1,440/mo median
Location
StateOK
CountyOklahoma County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+4.2% YoY, -1.9% MoM), not inventory.
Demographics

Who lives here

ZIP 73118 (Oklahoma City, OK) is majority owner-occupied, skews toward younger working-age adults, 47.6% of residents hold a bachelor's degree or higher.

Population
14,262
Median income
$69,827
Median age
37
Renters
44.8%
Age distribution
15.2%
30.6%
26.8%
13.1%
14.3%
Under 1815.2%
18–3430.6%
35–5426.8%
55–6413.1%
65+14.3%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
68.5%
13.6%
White68.5%
Black6.2%
Hispanic13.6%
Asian5%
Other6.8%
Education (25+)
17.1%
26.9%
47.6%
No HS diploma8.4%
HS diploma17.1%
Some college26.9%
Bachelor's+47.6%
Housing tenure
55.2%
44.8%
Owner55.2%
Renter44.8%

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

2021 vs 2026

How ZIP 73118 in Oklahoma City, OK has changed in 5 years

Rent
$1,031 → $1,440
up 39.7%
Income
$59,318 → $69,827
up 17.7%
Population
14,599 → 14,262
down 2.3%
Renter share
45% → 44.8%
-0.2 pts
Bachelor's+
44.1% → 47.6%
+3.5 pts
Median age
36.1 → 37
+0.9 yrs

Rent in ZIP 73118 in Oklahoma City, OK has increased 39.7% since 2021, going from about $1,031 per month to roughly $1,440 today. Household income in the area moved from $59,318 to $69,827 across the same window, up 17.7% versus 2021. Rent outpaced income growth by roughly 22.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 14,599 to 14,262 between 2021 and 2024, a 2.3% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 44.1% to 47.6%. Reading these numbers side by side helps frame whether current listings in ZIP 73118 in Oklahoma City, OK look reasonable against where the market sat half a decade ago.

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Local insights

Tips for renters in ZIP 73118

About renting in ZIP 73118

Last updated: July 20, 2026

ZIP code 73118 covers Oklahoma City, OK. The median rent here is $1,440/mo as of July 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,210/mo.

At 25% of local median household income ($69,827/yr), ZIP 73118 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 73118?

As of July 20, 2026, the median monthly rent in ZIP 73118 (Oklahoma City, OK) is $1,440. This is based on aggregated data from public sources and community submissions.

How does ZIP 73118 rent compare to the US average?

ZIP 73118's median rent of $1,440/mo is $525 (27%) below the US national median of $1,965/mo.

How does ZIP 73118 compare to other ZIPs in Oklahoma?

ZIP 73118 is one of the pricier ZIP codes in Oklahoma, ranking #34 out of 100 ZIPs tracked at $1,440/mo.

How much income do you need to rent in ZIP 73118?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,440/mo in ZIP 73118. The local median household income is $69,827/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 73118?

Rent in ZIP 73118 has increased 4.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 73118 an affordable place to rent?

ZIP 73118 is considered affordable for renters. At $1,440/mo, rent takes approximately 25% of the local median household income ($69,827/yr). The standard benchmark is 30%. ZIP 73118 falls comfortably within that range.

What percentage of ZIP 73118 residents rent vs. own?

According to Census data, approximately 44.8% of ZIP 73118 households are renters, while 55.2% are owner-occupied. ZIP 73118 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 73118 compare to the rest of Oklahoma City?

ZIP 73118 is pricier than Oklahoma City as a whole. At $1,440/mo, it's $142 above the Oklahoma City citywide median of $1,298/mo.

When was rent data for ZIP 73118 last updated?

Rent data for ZIP 73118 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,440/mo, rent takes ~25% of ZIP 73118's median household income ($69,827/yr). The standard benchmark is 30%.

ZIP 73118 25%Benchmark 30%
State income tax0.25–4.75%
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Schools nearby

Public schools near ZIP 73118 (Oklahoma City, OK)

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