55 Cheap Apartments for rent in Norman, OK

Last updated September 23 at 10:00AM
401 12TH AVE SE #232
Norman
Norman, OK
Updated September 16 at 10:21AM
1 Bedroom
$595
817 Owl Street
Norman
Norman, OK
Updated September 22 at 10:36AM
2 Bedrooms
$590
2400 W Brooks St
Norman
Norman, OK
Updated September 23 at 10:00AM
1 Bedroom
$599
Results within 5 miles of Norman, OK
602 S. 7th St.
Noble
Noble, OK
Updated September 13 at 9:38AM
2 Bedrooms
$500
901 Maguire Rd
Noble
Noble, OK
Updated September 16 at 9:35AM
2 Bedrooms
$509
Results within 10 miles of Norman, OK
1504 NW 10th St
Metro Park
Oklahoma City, OK
Updated September 21 at 6:19PM
2 Bedrooms
$595
1116 SE 19th St
Top of the Town
Oklahoma City, OK
Updated September 22 at 6:58PM
2 Bedrooms
$600
2430 SW 28th St
Jackson
Oklahoma City, OK
Updated September 21 at 5:54PM
2 Bedrooms
$530
525 SW 24th St
Capitol Hill
Oklahoma City, OK
Updated September 23 at 9:41AM
1 Bedroom
$625
2136 N Kelham Ave
Ross Heights
Oklahoma City, OK
Updated September 21 at 6:06PM
2 Bedrooms
$485
132 SE 51st St
Shields-Davis
Oklahoma City, OK
Updated September 21 at 5:58PM
2 Bedrooms
$595
1441 SW 13th St
Oklahoma City
Oklahoma City, OK
Updated September 21 at 6:21PM
2 Bedrooms
$575
1818 S Stonewall Ave
Top of the Town
Oklahoma City, OK
Updated September 21 at 5:22PM
2 Bedrooms
$575
124 NE 23rd St
Moore
Moore, OK
Updated September 21 at 6:19PM
1 Bedroom
$545
801 Cartwright Dr
Noble
Noble, OK
Updated September 22 at 7:09PM
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.