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ZIP Code · OK

ZIP 73120

Pop. 35,559·Oklahoma County·52nd most expensive ZIP in Oklahoma
Median rent (all units)
$1,312/mo
Year-over-Year
+7.3%
Month-over-Month
-1.5%
vs US Median
-$653
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 73120 · $1,312
More affordable than 86% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$970
1 BR
$1,050
2 BR
$1,290
3 BR
$1,740
4 BR+
$1,930
Research median
$1,290/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
$15,744/yr
At $1,312/mo median
Location
StateOK
CountyOklahoma County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (7.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+7.3% YoY, -1.5% MoM), not inventory.
Demographics

Who lives here

ZIP 73120 (Oklahoma City, OK) is roughly split between renters and owners, has a median income below the national average, 48.1% of residents hold a bachelor's degree or higher.

Population
35,559
Median income
$64,745
Median age
36.5
Renters
48.3%
Age distribution
17.8%
29.6%
21.3%
14%
17.4%
Under 1817.8%
18–3429.6%
35–5421.3%
55–6414%
65+17.4%
Gender
47.3%
52.7%
Male47.3%
Female52.7%
Race & ethnicity
58.2%
23.5%
White58.2%
Black23.5%
Hispanic7%
Asian2%
Other9.3%
Education (25+)
17.9%
29.3%
48.1%
No HS diploma4.7%
HS diploma17.9%
Some college29.3%
Bachelor's+48.1%
Housing tenure
51.7%
48.3%
Owner51.7%
Renter48.3%

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

2021 vs 2026

How ZIP 73120 in Oklahoma City, OK has changed in 5 years

Rent
$1,024 → $1,312
up 28.1%
Income
$54,436 → $64,745
up 18.9%
Population
35,083 → 35,559
up 1.4%
Renter share
47.3% → 48.3%
+1.0 pts
Bachelor's+
48% → 48.1%
+0.1 pts

Compared with 2021, rent in ZIP 73120 in Oklahoma City, OK has increased by $288 per month, settling near $1,312 after starting the period at $1,024. Census figures show median household income at $64,745 today, compared with $54,436 five years earlier. Rent outpaced income growth by roughly 9.2 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 35,083 to 35,559 between 2021 and 2024, a 1.4% change. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 73120

Last updated: July 20, 2026

ZIP code 73120 covers Oklahoma City, OK. The median rent here is $1,312/mo as of July 2026. A 1-bedroom rents for a median of $1,050/mo. A 2-bedroom rents for a median of $1,290/mo.

At 24% of local median household income ($64,745/yr), ZIP 73120 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 73120?

As of July 20, 2026, the median monthly rent in ZIP 73120 (Oklahoma City, OK) is $1,312. This is based on aggregated data from public sources and community submissions.

How does ZIP 73120 rent compare to the US average?

ZIP 73120's median rent of $1,312/mo is $653 (33%) below the US national median of $1,965/mo.

How does ZIP 73120 compare to other ZIPs in Oklahoma?

ZIP 73120 falls in the middle range for Oklahoma, ranking #52 out of 100 ZIPs at $1,312/mo.

How much income do you need to rent in ZIP 73120?

To keep rent at or below 30% of gross income, you would need to earn at least $52,000/year (~$25/hour full-time) to afford the median rent of $1,312/mo in ZIP 73120. The local median household income is $64,745/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 73120?

Rent in ZIP 73120 has increased 7.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 73120 an affordable place to rent?

ZIP 73120 is considered very affordable for renters. At $1,312/mo, rent takes approximately 24% of the local median household income ($64,745/yr). The standard benchmark is 30%. ZIP 73120 falls comfortably within that range.

What percentage of ZIP 73120 residents rent vs. own?

According to Census data, approximately 48.3% of ZIP 73120 households are renters, while 51.7% are owner-occupied. ZIP 73120 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 73120 compare to the rest of Oklahoma City?

ZIP 73120 is pricier than Oklahoma City as a whole. At $1,312/mo, it's $14 above the Oklahoma City citywide median of $1,298/mo.

When was rent data for ZIP 73120 last updated?

Rent data for ZIP 73120 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,312/mo, rent takes ~24% of ZIP 73120's median household income ($64,745/yr). The standard benchmark is 30%.

ZIP 73120 24%Benchmark 30%
State income tax0.25–4.75%
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Schools nearby

Public schools near ZIP 73120 (Oklahoma City, OK)

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