Norman, OK Rental Market
Norman is home to the University of Oklahoma, one of the flagship Big 12 research universities with over 25,000 students, which anchors consistent, year-round rental demand across all bedroom categories. The city's proximity to Oklahoma City — roughly 20 miles south — allows it to draw from the broader OKC employment base while maintaining its own identity as a college town with a thriving local economy driven by academia, healthcare, and energy research.
Get a rent estimate for an address in NormanAverage Rent in Norman, OK
$1,080
per month · 2026-06
Market Score
Key Facts — Norman, OK Rental Market
- Average rent in Norman, OK:$1,080/mo
- Median rent:$994/mo
- Rent range:$550 – $2,400/mo
- Most common rental (2 bedrooms):$950/mo
- Active listings:620
- Avg days to lease:30 days
- Year-over-year change:+3.5%
- Median home value:$195,000
- Est. gross annual yield:6.6%
- Data as of:2026-06
Rent by Bedroom in Norman, OK
Average monthly rent for each bedroom type based on current active listings in Norman.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $775/mo |
2 Bedrooms | $950/mo |
3 Bedrooms | $1,225/mo |
4 Bedrooms | $1,500/mo |
5 Bedrooms | $1,700/mo |
Norman Rental Market Statistics
Key indicators from the current Norman, OK rental market.
620
Available now in Norman
30
From list to lease
$0.86
Average across listings
1,250 sq ft
Typical rental size
$550 – $2,400
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Norman, OK Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$195,000
Typical purchase price in Norman
Est. Gross Annual Yield
6.6%
Before expenses & vacancy
Avg Monthly Income
$1,080
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Norman for a full cash-flow breakdown including all costs.
Norman, OK Rental Market FAQ
Common questions about renting and investing in Norman, OK.
What is the average rent in Norman, OK?
The average rent in Norman, OK is $1,080 per month as of 2026. One-bedroom apartments average $775/mo, two-bedrooms average $950/mo, and three-bedroom homes average $1,225/mo. Areas nearest the University of Oklahoma campus see the highest demand and fastest lease-up, while newer neighborhoods on the south side of Norman offer more spacious housing at similar price points.
Is Norman, OK a good place to invest in rental property?
Norman offers an estimated 6.6% gross annual yield supported by the University of Oklahoma's 25,000+ students and a large university staff and faculty tenant pool. Strong 3.5% year-over-year rent growth reflects the city's appeal to both students and OKC-area professionals. Median home values near $195,000 provide reasonable entry points for investors seeking a college market with suburban stability.
How competitive is the Norman, OK rental market?
Norman averages just 30 days on market with 620 active listings, making it one of the more active markets in the OKC metro. Demand surges each August as OU students return, and properties within walking or biking distance of campus absorb fastest. Investors should plan for slightly higher seasonal turnover tied to the academic calendar but can rely on predictable demand cycles.
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