19 Apartments under 500 for rent in Norman, OK

Last updated September 26 at 10:20AM
1013 Trout Avenue
Norman
Norman, OK
Updated September 24 at 2:19AM
1 Bedroom
$475
Results within 5 miles of Norman, OK
Results within 10 miles of Norman, OK
1125 NE 17th St
Lincoln Terrace
Oklahoma City, OK
Updated September 26 at 1:36AM
1 Bedroom
$350
2116 SW 51st St
Oklahoma City
Oklahoma City, OK
Updated September 26 at 1:37AM
1 Bedroom
$495
605 SW 34th St
Capitol Hill
Oklahoma City, OK
Updated September 26 at 1:36AM
1 Bedroom
$450
105 SE 42nd St
Oliver Park South
Oklahoma City, OK
Updated September 26 at 10:10AM
2 Bedrooms
$425
2136 N Kelham Ave
Ross Heights
Oklahoma City, OK
Updated September 26 at 1:35AM
2 Bedrooms
$485
343 SE 44th St
Oliver Park South
Oklahoma City, OK
Updated September 26 at 1:35AM
1 Bedroom
$450
127 SW 45th St
South Walker
Oklahoma City, OK
Updated September 26 at 1:35AM
2 Bedrooms
$475
819 N key Blvd
Atkinson Heights
Midwest City, OK
Updated September 26 at 1:37AM
1 Bedroom
$485
315 Babb
Atkinson Heights
Midwest City, OK
Updated September 26 at 10:20AM
1 Bedroom
$450
3801 N Geraldine Ave
Oklahoma City
Oklahoma City, OK
Updated September 26 at 1:32AM
1 Bedroom
$475
Results within 20 miles of Norman, OK
3803 N Geraldine Ave
Oklahoma City
Oklahoma City, OK
Updated September 26 at 10:07AM
1 Bedroom
$475
11339 N May Ave #E
Oklahoma City
Oklahoma City, OK
Updated September 26 at 3:45AM
Studio
$499
3815 N Geraldine Ave
Oklahoma City
Oklahoma City, OK
Updated September 26 at 1:32AM
1 Bedroom
$475
5825 NW 34th St
Oklahoma City
Oklahoma City, OK
Updated September 26 at 1:37AM
1 Bedroom
$495
3805 N Geraldine Ave
Oklahoma City
Oklahoma City, OK
Updated September 26 at 1:33AM
1 Bedroom
$475
7305 Melrose Ln
Oklahoma City
Oklahoma City, OK
Updated September 26 at 1:37AM
2 Bedrooms
$450
801 Cartwright Dr
Noble
Noble, OK
Updated September 26 at 1:32AM
1 Bedroom
$439
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Rent Report
Norman

September 2017 Norman Rent Report

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

Norman rents held steady over the past month

Over the past month Norman rents have remained steady. Currently, median rents in Norman stand at $640 for a one-bedroom apartment and $820 for a two-bedroom. Norman's year-over-year rent growth lags the state average of 0.5%, as well as the national average of 3.0%.

Norman rents more affordable than many large cities nationwide

Rent growth in Norman has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Norman is still more affordable than most large cities across the country.

  • Norman's median two-bedroom rent of $820 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the stagnant growth in Norman.
  • While rents in Norman remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Norman than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three-and-a-half times the price in Norman.

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.