Average Rent in Lawton, OK↓ Rents falling 2.7% YoY

Lawton, OK has rental prices ranging from $758/month to $1,605/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $763/month — 45% below the national average of $1,400/month. With a median household income of $59,060/year, spending $763/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.

How Lawton Compares

With an average 2-bedroom rent of $974/month, Lawton ranks #17 most expensive of the 70 cities tracked in Oklahoma — more affordable than 74% of all US cities in our data.

The Lawton Rental Market

The Lawton, OK area has a population of about 127,174 and 44% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Lawton, OK have fallen by $27/month (2.7%) over the past year, from $1,001 to $974. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Lawton, OK without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,520. The local median household income of $59,060 exceeds that threshold by $28,540, making Lawton relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Lawton, OK is $144,725, giving a price-to-rent ratio of 12.4. The break-even point between renting and buying is roughly 12 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Is Lawton, OK Affordable?

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

Rent or Buy in Lawton?

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

Living in Lawton

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