RentData

Average Rent in Carter County, OK↑ Rents rising 5.7% YoY🔺 4th priciest in OK

HUD FY2025 · Official government data · Updated annually · Metro pop. 48,255

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Carter County, OK has rental prices ranging from $786/month to $1,466/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $792/month — 43% below the national average of $1,400/month. With a median household income of $58,856/year, spending $792/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.

How Carter County Compares

With an average 2-bedroom rent of $1,039/month, Carter County ranks #4 most expensive of the 70 cities tracked in Oklahoma — pricier than 69% of all US cities in our data.

The Carter County Rental Market

The Carter County, OK area has a population of about 48,255 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Carter County, OK have risen by $56/month (5.7%) over the past year, from $983 to $1,039. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Carter County, OK without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,680. The local median household income of $58,856 exceeds that threshold by $27,176, making Carter County relatively accessible compared to local wages.

Economy & Jobs

Carter County, OK has an unemployment rate of 6.3%, 2.4 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Fair Market Rents

HUD FY2025
Studio
$786
Affordable
1 Bedroom
$792
Affordable
2 Bedrooms
$1,039
↑5.7% YoY
Affordable
3 Bedrooms
$1,292
Affordable
4 Bedrooms
$1,466
Affordable
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Is Carter County, OK Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$41,560/year
Local median income: $58,856
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $1,039/month and 20% down on a — home at 7% rate.

Nearby Cities in OKlargest metros in the state

CityStudio1BR2BR3BRHome Value
Oklahoma City$886$961$1,180$1,575—
Tulsa$890$950$1,179$1,555—
Lawton$745$750$962$1,348—
Payne County$767$822$1,014$1,421—
Pottawatomie County$642$713$936$1,242—
Muskogee County$707$712$934$1,170—

Rent or Buy in Carter County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Carter County data

$
Home Value
$350,000
2BR Rent
$1,039/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 3 years — worth it if you stay 3+ years.

Total monthly buy cost: $2,577/movs rent: $1,039/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Carter County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Carter County

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💵Rent Affordability in Carter County

Salary needed to afford rent here

🗺️All Cities in OK

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⚖️Compare Carter County

Side-by-side rent & cost of living with any city

📋OK Tenant Rights

Deposit limits, eviction laws & renters protections