ZIP 73118
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 73118 usually run 0.8% below trend in December and 0.6% above it in September, about $20 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 73118 is at its highest level since Zillow's records here began in October 2016.
Rent in ZIP 73118 changed +1.6% over the year to September 2026. Across the 87 Oklahoma ZIP codes Zillow tracks, the typical change was +3.6%.
From 2019 to 2024, rent in ZIP 73118 rose 43.1% while median household income rose 23.6% ($56,510 to $69,827). Rent outpaced income.
Rent in ZIP 73118 is 49.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 7 of the last 12 months.
30% of the median household income ($69,827) is $1,746 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,630); a 4-bedroom is $1,810.
20th cheapest of 27 ZIP codes in Oklahoma City.
ZIP 73105, 2 miles away, rents for 19% less ($1,178/mo), about $3,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 73118. 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.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 73118 in Oklahoma City, OK has changed in 5 years
Rent in ZIP 73118 in Oklahoma City, OK has increased 36.1% since 2021, going from about $1,075 per month to roughly $1,463 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 18.4 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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Tips for renters in ZIP 73118
Last updated: October 17, 2026
ZIP code 73118 covers Oklahoma City, OK. The median rent here is $1,463/mo as of October 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 1.6% over the past year.
Frequently asked questions
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How does ZIP 73118 compare to other ZIPs in Oklahoma?
How does ZIP 73118 compare to the rest of Oklahoma City?
At $1,463/mo, rent takes ~25% of ZIP 73118's median household income ($69,827/yr). The standard benchmark is 30%.
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