ZIP Code · OK

ZIP 74120

Part of Tulsa, OK

Pop. 5,195·Tulsa County·34th most expensive ZIP in Oklahoma

Median rent (all units)

$1,428/mo

Year-over-Year

+3.8%

Month-over-Month

+0.3%

vs US Median

-$504

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 74120 · $1,428

More affordable than 78% 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

$910

1 BR

$960

2 BR

$1,190

3 BR

$1,570

4 BR+

$1,820

Research median

$1,190/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 74120 is at its highest level since Zillow's records here began in March 2021.

Past year vs. the rest of Oklahoma

Rent in ZIP 74120 changed +3.8% 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 10 of the last 12 months.

What a typical income covers

30% of the median household income ($68,255) is $1,706 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,570); a 4-bedroom is $1,820.

Rank in Tulsa

17th cheapest of 21 ZIP codes in Tulsa.

Cheaper nearby

ZIP 74106, 3 miles away, rents for 11% less ($1,266/mo), about $1,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 74120. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,136/yr

At $1,428/mo median

Location

CityTulsa

StateOK

CountyTulsa County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.8% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 74120 (Tulsa, OK) is majority renter-occupied, skews toward younger working-age adults, 51.3% of residents hold a bachelor's degree or higher.

Population

5,195

Median income

$68,255

Median age

36.3

Renters

69.9%

Age distribution

15.5%

32.2%

28.6%

13%

Under 1815.5%

18–3432.2%

35–5428.6%

55–6410.7%

65+13%

Gender

55.7%

44.3%

Male55.7%

Female44.3%

Race & ethnicity

72.9%

12.7%

White72.9%

Black5.4%

Hispanic12.7%

Asian2%

Other6.9%

Education (25+)

13%

26.1%

51.3%

No HS diploma9.6%

HS diploma13%

Some college26.1%

Bachelor's+51.3%

Housing tenure

30.1%

69.9%

Owner30.1%

Renter69.9%

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

2021 vs 2026

How ZIP 74120 in Tulsa, OK has changed in 5 years

Rent

$1,057 → $1,428

up 35.1%

Income

$60,236 → $68,255

up 13.3%

Population

5,207 → 5,195

down 0.2%

Renter share

64.1% → 69.9%

+5.8 pts

Bachelor's+

47.7% → 51.3%

+3.6 pts

Median age

35.3 → 36.3

+1.0 yrs

Rent in ZIP 74120 in Tulsa, OK has climbed 35.1% since 2021, going from about $1,057 per month to roughly $1,428 today. Local incomes tracked alongside that move, going from a median of $60,236 in 2021 to $68,255 more recently. Rent outpaced income growth by roughly 21.8 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 69.9% of households rent today, against 64.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 47.7% to 51.3%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 74120 in Tulsa, OK market of 2021.

Community

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Local insights

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About renting in ZIP 74120

Last updated: October 17, 2026

ZIP code 74120 covers Tulsa, OK. The median rent here is $1,428/mo as of October 2026. A 1-bedroom rents for a median of $960/mo. A 2-bedroom rents for a median of $1,190/mo.

At 25% of local median household income ($68,255/yr), ZIP 74120 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 74120?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (about $27/hour full-time) to afford the median rent of $1,428/mo in ZIP 74120. The local median household income is $68,255/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 74120?

Rent in ZIP 74120 has risen 3.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2021.

How does ZIP 74120 compare to other ZIPs in Oklahoma?

ZIP 74120 is in the middle among Oklahoma ZIP codes for rent, ranking #34 of 99 at $1,428/mo. Over the year to September 2026, rent in ZIP 74120 changed +3.8%, against a typical +3.6% across the 87 Oklahoma ZIP codes Zillow tracks.