180 Luxury Apartments for rent in Oklahoma City, OK

Last updated November 19 at 3:50pm UTC
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November 2017 Oklahoma City Rent Report

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

View full Oklahoma City Rent Report
Rent Report
Oklahoma City

November 2017 Oklahoma City Rent Report

Welcome to the November 2017 Oklahoma City Rent Report. Oklahoma City rents declined 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 declined significantly over the past month

Oklahoma City rents have declined 0.5% over the past month, and have decreased moderately by 0.8% in comparison to the same time last year. Currently, median rents in Oklahoma City stand at $630 for a one-bedroom apartment and $800 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Oklahoma City's year-over-year rent growth lags the state average of 0.4%, as well as the national average of 2.7%.

Oklahoma City rents more affordable than many comparable cities nationwide

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

  • Oklahoma City's median two-bedroom rent of $800 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 0.8% decline in Oklahoma City.
  • While rents in Oklahoma City fell moderately over the past year, many cities nationwide saw increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • 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.