Average Rent in Oklahoma City, OK↑ Rents rising 1.6% YoY🔺 Most expensive in OK

Oklahoma City, OK has rental prices ranging from $958/month to $1,923/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,040/month — 26% below the national average of $1,400/month. With a median household income of $70,499/year, spending $1,040/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Oklahoma City Compares

With an average 2-bedroom rent of $1,264/month, Oklahoma City ranks #1 most expensive of the 70 cities tracked in Oklahoma — pricier than 80% of all US cities in our data.

The Oklahoma City Rental Market

The Oklahoma City, OK area has a population of about 1,445,122 and 36% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Oklahoma City, OK have risen by $20/month (1.6%) over the past year, from $1,244 to $1,264. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Oklahoma City, OK without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $41,600. The local median household income of $70,499 exceeds that threshold by $28,899, making Oklahoma City relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Oklahoma City, OK is $204,979, giving a price-to-rent ratio of 13.5. The break-even point between renting and buying is roughly 14 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Oklahoma City's neighborhoods. Among the highest-value areas are Shidler-Wheeler ($72,850 median home value), Akers Park ($73,158 median home value), Airline ($83,493 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Oklahoma City, OK Affordable?

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

Rent or Buy in Oklahoma City?

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

Living in Oklahoma City

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