6 Cheap Apartments for rent in Lawton, OK

Last updated November 17 at 10:46pm UTC
1302 NW Kingsbury Ave
Lawton Heights
Lawton, OK
Updated November 16 at 2:00am UTC
1 Bedroom
$400
4741 NW Motif Manor Blvd
Lawton
Lawton, OK
Updated October 25 at 10:43am UTC
2 Bedrooms
$450
705 NW 22nd
Lawton
Lawton, OK
Updated November 9 at 12:12pm UTC
2 Bedrooms
$495
1608 NW 13th St
Lawton Heights
Lawton, OK
Updated November 10 at 2:00am UTC
2 Bedrooms
$475
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November 2017 Lawton Rent Report

Welcome to the November 2017 Lawton Rent Report. Lawton rents remained steady over the past month. In this report, we'll evaluate trends in the Lawton rental market, including comparisons to similar cities nationwide.

View full Lawton Rent Report
Rent Report
Lawton

November 2017 Lawton Rent Report

Welcome to the November 2017 Lawton Rent Report. Lawton rents remained steady over the past month. In this report, we'll evaluate trends in the Lawton rental market, including comparisons to similar cities nationwide.

Lawton rents held steady over the past month

Lawton rents have remained flat over the past month, however, they are up slightly by 1.8% year-over-year. Currently, median rents in Lawton stand at $510 for a one-bedroom apartment and $670 for a two-bedroom. Lawton's year-over-year rent growth leads the state average of 0.4%, but trails the national average of 2.7%.

Lawton rents more affordable than many large cities nationwide

As rents have increased slightly in Lawton, large cities nationwide have seen rents grow more quickly. Lawton is still more affordable than most large cities across the country.

  • Lawton's median two-bedroom rent of $670 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.8% rise in Lawton.
  • While Lawton's rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • Renters will find more reasonable prices in Lawton than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than four-and-a-half times the price in Lawton.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.