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43 Cheap Apartments for rent in Norman, OK

Last updated November 22 at 11:06am UTC
Sooner Crossing
1115 Biloxi Dr
Norman, OK
Updated November 22 at 7:27am UTC
1 Bedroom
$559
2 Bedrooms
$619
528 University Blvd
University
Norman, OK
Updated November 15 at 11:58am UTC
1 Bedroom
$495
202 Falcon Ct Apt C
Norman
Norman, OK
Updated November 15 at 11:53am UTC
2 Bedrooms
$600
Results within 5 miles of Norman, OK
Hayden's Landing
921 NE 12th St
Moore, OK
Updated November 22 at 11:06am UTC
1 Bedroom
$560
2 Bedrooms
$695
901 Maguire Rd
Noble
Noble, OK
Updated November 22 at 9:19am UTC
2 Bedrooms
$509
162 NE 12th Street,
Oklahoma City
Oklahoma City, OK
Updated November 15 at 11:52am UTC
2 Bedrooms
$625
124 NE 23rd St
Oklahoma City
Oklahoma City, OK
Updated November 8 at 8:45pm UTC
1 Bedroom
$565
Results within 10 miles of Norman, OK
City Heights South
717 Santa Rosa Drive
Oklahoma City, OK
Updated November 22 at 2:06am UTC
1 Bedroom
$575
2 Bedrooms
$655
3 Bedrooms
$819
The Brickell
1292 W I 240 Service Rd
Oklahoma City, OK
Updated November 22 at 5:22am UTC
1 Bedroom
$465
2 Bedrooms
$540
Remington
7125 S Santa Fe Ave
Oklahoma City, OK
Updated November 22 at 6:43am UTC
1 Bedroom
$510
2 Bedrooms
$570
3 Bedrooms
$735
404 26th
Central Capitol Hill
Oklahoma City, OK
Updated November 22 at 9:43am UTC
1 Bedroom
$475
1 SW 59th St
South Walker
Oklahoma City, OK
Updated November 22 at 9:22am UTC
1 Bedroom
$475
4825 Kristie Drive
Del City
Del City, OK
Updated November 22 at 9:52am UTC
1 Bedroom
$499
3705 SW 40TH PL
Frequent Flyers
Oklahoma City, OK
Updated November 20 at 10:35am UTC
2 Bedrooms
$600
801 Cartwright Dr
Noble
Noble, OK
Updated November 8 at 8:45pm UTC
2 Bedrooms
$595
2116 Southwest 51st Street
Oklahoma City
Oklahoma City, OK
Updated November 22 at 9:52am UTC
1 Bedroom
$475

November 2018 Norman Rent Report

Welcome to the November 2018 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 Norman Rent Report
Rent Report
Norman

November 2018 Norman Rent Report

Welcome to the November 2018 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 increased slightly over the past month

Norman rents have increased 0.2% over the past month, but are down moderately by 1.5% in comparison to the same time last year. Currently, median rents in Norman stand at $630 for a one-bedroom apartment and $810 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in August. Norman's year-over-year rent growth lags the state average of 0.2%, as well as the national average of 1.1%.

Norman rents more affordable than many large cities nationwide

As rents have fallen moderately in Norman, many large cities nationwide have seen prices increase, in some cases substantially. Norman is also more affordable than most large cities across the country.

  • Norman's median two-bedroom rent of $810 is below the national average of $1,180. Nationwide, rents have grown by 1.1% over the past year compared to the 1.5% decline in Norman.
  • While rents in Norman fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+3.0%), Atlanta (+1.5%), and New York (+1.5%).
  • Renters will find more reasonable prices in Norman than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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.