63 Cheap Apartments for rent in Oklahoma City, OK

Last updated September 23 at 1:24AM
717 NE 25th St
Capitol View
Oklahoma City, OK
Updated September 22 at 7:09PM
2 Bedrooms
$600
426 NW 25th St
Oklahoma City
Oklahoma City, OK
Updated September 21 at 5:49PM
1 Bedroom
$575
3803 N Geraldine Ave
Oklahoma City
Oklahoma City, OK
Updated September 23 at 1:24AM
1 Bedroom
$475
2116 SW 51st St
Oklahoma City
Oklahoma City, OK
Updated September 21 at 1:38AM
1 Bedroom
$495
2430 SW 28th St
Jackson
Oklahoma City, OK
Updated September 21 at 5:54PM
2 Bedrooms
$530
3805 N Geraldine Ave
Oklahoma City
Oklahoma City, OK
Updated September 22 at 7:05PM
1 Bedroom
$475
716 SW 35th St
Capitol Hill
Oklahoma City, OK
Updated September 22 at 1:08AM
1 Bedroom
$625
735 NW 96th St
Britton
Oklahoma City, OK
Updated September 21 at 6:02PM
2 Bedrooms
$625
1100 NE Grand Blvd
Edwards Community
Oklahoma City, OK
Updated September 21 at 5:49PM
3 Bedrooms
$550
2417 SW 34th St
Oklahoma City
Oklahoma City, OK
Updated September 19 at 1:21AM
2 Bedrooms
$550
127 SW 45th St
South Walker
Oklahoma City, OK
Updated September 21 at 1:38AM
2 Bedrooms
$475
409 Tinker Diagonal St
Del Mar Laning
Oklahoma City, OK
Updated September 1 at 1:50AM
1 Bedroom
$550
1403 NW 8th St
Metro Park
Oklahoma City, OK
Updated September 21 at 6:19PM
Studio
$595
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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.