RentData

Average Rent in Latimer County, OK Rents rising 2.1% YoY🔻 3rd cheapest in OK

HUD FY2025 · Official government data · Updated annually · Metro pop. 9,495

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

Market Overview

Latimer County, OK has rental prices ranging from $678/month to $1,438/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $694/month — 50% below the national average of $1,400/month. With a median household income of $41,048/year, spending $694/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.

How Latimer County Compares

With an average 2-bedroom rent of $910/month, Latimer County ranks #68 most expensive of the 70 cities tracked in Oklahoma — more affordable than 68% of all US cities in our data.

The Latimer County Rental Market

The Latimer County, OK area has a population of about 9,495 and 30% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Latimer County, OK have risen by $19/month (2.1%) over the past year, from $891 to $910. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Latimer County, OK without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $27,760. The local median household income of $41,048 exceeds that threshold by $13,288, making Latimer County relatively accessible compared to local wages.

Economy & Jobs

Latimer County, OK has an unemployment rate of 5.4%, 1.5 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
$678
Affordable
1 Bedroom
$694
Affordable
2 Bedrooms
$910
2.1% YoY
Affordable
3 Bedrooms
$1,118
Average
4 Bedrooms
$1,438
Expensive
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Is Latimer 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
$36,400/year
Local median income: $41,048
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $910/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 Latimer County?

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

Should I Rent or Buy?

Break-even analysis using real Latimer County data

$
Home Value
$350,000
2BR Rent
$910/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏢 Rent

Renting appears to be the better financial choice for this scenario.

Total monthly buy cost: $2,577/movs rent: $910/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Latimer 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 Latimer County

Compare rent & home prices by neighborhood

💵Rent Affordability in Latimer County

Salary needed to afford rent here

🗺️All Cities in OK

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⚖️Compare Latimer County

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

📋OK Tenant Rights

Deposit limits, eviction laws & renters protections