Tulsa Rent Report: May 2024

Welcome to the Apartment List May 2024 Rent Report for Tulsa, OK. Currently, the overall median rent in the city stands at $1,021, roughly the same as last month. Prices and are now up 1.7% year-over-year. Read on to learn more about what’s been happening in the Tulsa rental market and how it compares to trends throughout the nation as a whole.

Tulsa rents are flat month-over-month and up 1.7% year-over-year

The median rent in Tulsa rose by 0.4% over the course of April, and has now increased by a total of 1.7% over the past 12 months. Tulsa’s rent growth over the past year has is similar to the state average (1.0%) and has outpaced the national average (-0.8%).

Tulsa rent growth in 2024 pacing similar last year

Four months into the year, rents in Tulsa have risen 2.0%. This is a similar rate of growth compared to what the city was experiencing at this point last year: from January to April 2023 rents had increased 1.8%.

April rent growth in Tulsa ranked #53 among large U.S. cities

Tulsa rents went up 0.4% in the past month, compared to the national rate of 0.5%. Among the nation's 100 largest cities, this ranks #53. Similar monthly rent growth took place in Moreno Valley, CA (0.4%) and Irving, TX (0.4%).

Tulsa is the #97 most expensive large city in the U.S., with a median rent of $1,021

Citywide, the median rent currently stands at $852 for a 1-bedroom apartment and $1,061 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,021. That ranks #97 in the nation, among the country's 100 largest cities.

For comparison, the median rent across the nation as a whole is $1,226 for a 1-bedroom, $1,381 for a 2-bedroom, and $1,396 overall. The median rent in Tulsa is 26.9% lower than the national, and is similar to the prices you would find in Des Moines, IA ($1,027) and Wichita, KS ($992).