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Last updated December 12 2019 at 5:51 AM

27 Apartments under $600 for rent in Norman, OK

Last updated December 9 at 05:01pm
1 Unit Available
3908 SE 25th St
3908 Southeast 25th Street, Del City, OK
3 Bedrooms
$595
725 sqft
3908 SE 25th St Available 12/27/19 Great Home in Convenient Location!! - Great Home in Convenient Location!! This home will not be available for long.
Last updated December 12 at 10:04am
Lumberman
1 Unit Available
5713 Empire
5713 Empire Boulevard, Oklahoma City, OK
2 Bedrooms
$550
672 sqft
2 bedrooms one bath 2 car garage. 2 bedroom 1 bath house with 2 car garage on large fenced lot. Gas wall furnace for heat. One window air conditioner in living room but additional A/C's may be required in hot season.
Last updated December 12 at 10:04am
1 Unit Available
1101 SE 40th
1101 Southeast 40th Street, Oklahoma City, OK
3 Bedrooms
$595
1152 sqft
This property is available on a rent-to-own basis. Looking to buy, but can't qualify for a loan? Take advantage of our Low Down / Low Monthly Rent to Own program. For just $1,000 Down and $595/mo, you can start on the path to home ownership.

December 2019 Norman Rent Report

Welcome to the December 2019 Norman Rent Report. Norman rents increased over the past month. In this report, we'll evaluate trends in the Norman rental market, including comparisons to similar cities nationwide.

View full Rent Report

December 2019 Norman Rent Report

Welcome to the December 2019 Norman Rent Report. Norman rents increased 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

Norman rents have increased 0.1% over the past month, and are up marginally by 0.6% in comparison to the same time last year. Currently, median rents in Norman stand at $635 for a one-bedroom apartment and $812 for a two-bedroom. Norman's year-over-year rent growth lags the state average of 0.7%, as well as the national average of 1.4%.

    Norman rents more affordable than many large cities nationwide

    As rents have increased marginally in Norman, a few large cities nationwide have also seen rents grow modestly. Norman is still more affordable than most large cities across the country.

    • Norman's median two-bedroom rent of $812 is below the national average of $1,191. Nationwide, rents have grown by 1.4% over the past year compared to the 0.6% rise in Norman.
    • While Norman's rents rose marginally over the past year, many cities nationwide also saw increases, including Phoenix (+3.9%), Dallas (+2.2%), and Seattle (+1.6%).
    • Renters will find more reasonable prices in Norman than most large cities. For example, San Francisco has a median 2BR rent of $3,101, 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.

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