ZIP Code · OK

ZIP 73132

Part of Oklahoma City, OK

Pop. 27,834·Oklahoma County·20th most expensive ZIP in Oklahoma

Median rent (all units)

$1,527/mo

Year-over-Year

+1.5%

Month-over-Month

+0.8%

vs US Median

-$405

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 73132 · $1,527

More affordable than 71% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$870

1 BR

$940

2 BR

$1,150

3 BR

$1,550

4 BR+

$1,720

Research median

$1,150/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

Cheapest month to sign

February. Asking rents in ZIP 73132 usually run 1.5% below trend in February and 1.9% above it in July, about $52 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 73132 is 0.4% below its high of $1,533 in July 2025, at $1,527 as of September 2026.

Past year vs. the rest of Oklahoma

Rent in ZIP 73132 changed +1.5% over the year to September 2026. Across the 87 Oklahoma ZIP codes Zillow tracks, the typical change was +3.6%.

Recent direction

Rent has risen 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($60,419) is $1,510 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,150); a 3-bedroom is $1,550.

Rank in Oklahoma City

22nd cheapest of 27 ZIP codes in Oklahoma City.

Cheaper nearby

ZIP 73122, 3 miles away, rents for 34% less ($1,013/mo), about $6,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 73132. 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.

Annual cost

$18,324/yr

At $1,527/mo median

Location

CityOklahoma City

StateOK

CountyOklahoma County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.5% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 73132 (Oklahoma City, OK) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 32% of residents hold a bachelor's degree or higher.

Population

27,834

Median income

$60,419

Median age

Renters

47.7%

Age distribution

25.7%

24.3%

23.6%

16.3%

Under 1825.7%

18–3424.3%

35–5423.6%

55–6410.1%

65+16.3%

Gender

46.6%

53.4%

Male46.6%

Female53.4%

Race & ethnicity

55.9%

18.1%

13.9%

White55.9%

Black18.1%

Hispanic13.9%

Asian3.9%

Other8.3%

Education (25+)

27.5%

32.1%

32%

No HS diploma8.4%

HS diploma27.5%

Some college32.1%

Bachelor's+32%

Housing tenure

52.3%

47.7%

Owner52.3%

Renter47.7%

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

2021 vs 2026

How ZIP 73132 in Oklahoma City, OK has changed in 5 years

Rent

$1,202 → $1,527

up 27.0%

Income

$52,694 → $60,419

up 14.7%

Population

28,062 → 27,834

down 0.8%

Renter share

46.6% → 47.7%

+1.1 pts

Bachelor's+

33% → 32%

-1.0 pts

The median rent in ZIP 73132 in Oklahoma City, OK stood at $1,202 in 2021 and currently runs about $1,527, reflecting a 27.0% increase over the period. Household income in the area moved from $52,694 to $60,419 across the same window, up 14.7% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Reading these numbers side by side helps frame whether current listings in ZIP 73132 in Oklahoma City, OK look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 73132

Last updated: October 17, 2026

ZIP code 73132 covers Oklahoma City, OK. The median rent here is $1,527/mo as of October 2026. A 1-bedroom rents for a median of $940/mo. A 2-bedroom rents for a median of $1,150/mo.

At 30% of local median household income ($60,419/yr), ZIP 73132 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 73132?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (about $29/hour full-time) to afford the median rent of $1,527/mo in ZIP 73132. The local median household income is $60,419/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 73132?

Rent in ZIP 73132 has risen 1.5% over the past year as of September 2026. It sits 0.4% below its high of $1,533 in July 2025.

When is the cheapest time to rent in ZIP 73132?

Asking rents in ZIP 73132 are usually lowest in February, about 1.5% below their yearly trend, and highest in July, about 1.9% above it. At today's median that is a gap of roughly $52 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 73132 compare to other ZIPs in Oklahoma?

ZIP 73132 is one of the pricier among Oklahoma ZIP codes for rent, ranking #20 of 99 at $1,527/mo. Over the year to September 2026, rent in ZIP 73132 changed +1.5%, against a typical +3.6% across the 87 Oklahoma ZIP codes Zillow tracks.