RentData

Average Rent in Murray County, OK Rents rising 3.5% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 13,807

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

Market Overview

Murray County, OK has rental prices ranging from $718/month to $1,441/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $719/month — 49% below the national average of $1,400/month. With a median household income of $61,904/year, spending $719/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Murray County Compares

With an average 2-bedroom rent of $943/month, Murray County ranks #16 most expensive of the 70 cities tracked in Oklahoma — pricier than 54% of all US cities in our data.

The Murray County Rental Market

The Murray County, OK area has a population of about 13,807 and 28% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Murray County, OK have risen by $32/month (3.5%) over the past year, from $911 to $943. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Murray County, OK without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $28,760. The local median household income of $61,904 exceeds that threshold by $33,144, making Murray County relatively accessible compared to local wages.

Economy & Jobs

Murray County, OK has an unemployment rate of 5.2%, 1.3 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
$718
Affordable
1 Bedroom
$719
Affordable
2 Bedrooms
$943
3.5% YoY
Affordable
3 Bedrooms
$1,136
Affordable
4 Bedrooms
$1,441
Affordable
🔔
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Is Murray 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
$37,720/year
Local median income: $61,904
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $943/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 Murray County?

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

Should I Rent or Buy?

Break-even analysis using real Murray County data

$
Home Value
$350,000
2BR Rent
$943/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 5 years — worth it if you stay 5+ years.

Total monthly buy cost: $2,577/movs rent: $943/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Murray 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 Murray County

Compare rent & home prices by neighborhood

💵Rent Affordability in Murray County

Salary needed to afford rent here

🗺️All Cities in OK

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⚖️Compare Murray County

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

📋OK Tenant Rights

Deposit limits, eviction laws & renters protections