19 Apartments under 500 for rent in Oklahoma City, OK

Last updated September 25 at 5:38PM
343 SE 44th St
Oliver Park South
Oklahoma City, OK
Updated September 24 at 1:35AM
1 Bedroom
$450
2136 N Kelham Ave
Ross Heights
Oklahoma City, OK
Updated September 24 at 9:38AM
2 Bedrooms
$485
1125 NE 17th St
Lincoln Terrace
Oklahoma City, OK
Updated September 24 at 1:30AM
1 Bedroom
$350
7305 Melrose Ln
Oklahoma City
Oklahoma City, OK
Updated September 23 at 5:29PM
2 Bedrooms
$450
1013 Trout Avenue
Norman
Norman, OK
Updated September 24 at 2:19AM
1 Bedroom
$475
3805 N Geraldine Ave
Oklahoma City
Oklahoma City, OK
Updated September 22 at 7:05PM
1 Bedroom
$475
3801 N Geraldine Ave
Oklahoma City
Oklahoma City, OK
Updated September 22 at 7:05PM
1 Bedroom
$475
105 SE 42nd St
Oliver Park South
Oklahoma City, OK
Updated September 25 at 5:32PM
2 Bedrooms
$425
3815 N Geraldine Ave
Oklahoma City
Oklahoma City, OK
Updated September 25 at 5:38PM
1 Bedroom
$475
3803 N Geraldine Ave
Oklahoma City
Oklahoma City, OK
Updated September 25 at 5:38PM
1 Bedroom
$475
11339 N May Ave #E
Oklahoma City
Oklahoma City, OK
Updated August 25 at 10:05AM
Studio
$499
5825 NW 34th St
Oklahoma City
Oklahoma City, OK
Updated September 21 at 6:19PM
1 Bedroom
$495
2116 SW 51st St
Oklahoma City
Oklahoma City, OK
Updated September 21 at 1:38AM
1 Bedroom
$495
605 SW 34th St
Capitol Hill
Oklahoma City, OK
Updated September 21 at 1:51AM
1 Bedroom
$450
Results within 1 miles of Oklahoma City, OK
127 SW 45th St
South Walker
Oklahoma City, OK
Updated September 21 at 1:38AM
2 Bedrooms
$475
819 N key Blvd
Atkinson Heights
Midwest City, OK
Updated September 21 at 5:49PM
1 Bedroom
$485
Results within 5 miles of Oklahoma City, OK
315 Babb
Atkinson Heights
Midwest City, OK
Updated September 21 at 10:33AM
1 Bedroom
$450
Results within 10 miles of Oklahoma City, OK
801 Cartwright Dr
Noble
Noble, OK
Updated September 25 at 9:47AM
1 Bedroom
$439
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Rent Report
Oklahoma City

September 2017 Oklahoma City Rent Report

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

Oklahoma City rents increased slightly over the past month

Oklahoma City rents have increased 0.2% over the past month, but are down 0.3% in comparison to the same time last year. Currently, median rents in Oklahoma City 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 June. Oklahoma City's year-over-year rent growth lags the state average of 0.5%, as well as the national average of 3.0%.

Oklahoma City rents more affordable than many other large cities nationwide

As rents have fallen in Oklahoma City, many comparable cities nationwide have seen prices increase, in some cases substantially. Oklahoma City is still more affordable than most similar cities across the country.

  • Oklahoma City's median two-bedroom rent of $810 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 0.3% decline in Oklahoma City.
  • While rents in Oklahoma City fell over the past year, many cities nationwide saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%).
  • Renters will find more reasonable prices in Oklahoma City than most other 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 Oklahoma City.

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.