Oklahoma City, OK Rental Market
Oklahoma City is a diversified metro economy anchored by energy production, aerospace and defense, and a rapidly expanding technology sector. Devon Energy and Chesapeake Energy maintain large downtown footprints, Tinker Air Force Base — the largest employer in Oklahoma — generates reliable military and contractor tenant demand, and the absence of state income tax makes OKC attractive for corporate relocations and remote workers seeking low cost-of-living without sacrificing urban amenities.
Get a rent estimate for an address in Oklahoma CityAverage Rent in Oklahoma City, OK
$1,080
per month · 2026-06
Market Score
Key Facts — Oklahoma City, OK Rental Market
- Average rent in Oklahoma City, OK:$1,080/mo
- Median rent:$994/mo
- Rent range:$550 – $2,400/mo
- Most common rental (2 bedrooms):$950/mo
- Active listings:1,800
- Avg days to lease:31 days
- Year-over-year change:+3.2%
- Median home value:$185,000
- Est. gross annual yield:7.0%
- Data as of:2026-06
Rent by Bedroom in Oklahoma City, OK
Average monthly rent for each bedroom type based on current active listings in Oklahoma City.
| 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 |
Oklahoma City Rental Market Statistics
Key indicators from the current Oklahoma City, OK rental market.
1,800
Available now in Oklahoma City
31
From list to lease
$0.86
Average across listings
1,250 sq ft
Typical rental size
$550 – $2,400
Min to max active listings
+3.2%
Avg rent vs. prior year
Investing in Oklahoma City, OK Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$185,000
Typical purchase price in Oklahoma City
Est. Gross Annual Yield
7.0%
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 Oklahoma City for a full cash-flow breakdown including all costs.
Oklahoma City, OK Rental Market FAQ
Common questions about renting and investing in Oklahoma City, OK.
What is the average rent in Oklahoma City, OK?
The average rent in Oklahoma City, 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. Rents vary by neighborhood — Midtown, Bricktown, and the Paseo Arts District command a premium, while south and far northwest OKC offer lower-cost options.
Is Oklahoma City, OK a good place to invest in rental property?
Oklahoma City offers a strong 7.0% estimated gross annual yield driven by a median home value near $185,000 and steady 3.2% year-over-year rent growth. Tinker Air Force Base employs over 26,000 people, energy companies like Devon Energy and Chesapeake Energy add professional-level tenants, and Oklahoma's lack of a state income tax supports continued in-migration. Investors benefit from low acquisition costs and broad tenant demand.
How competitive is the Oklahoma City, OK rental market?
Oklahoma City has over 1,800 active listings and averages 31 days on market — a healthy pace for a mid-size Sun Belt metro. Neighborhoods near Tinker AFB on the east side and the booming Midtown/Film Row corridors see the fastest lease-up. The city's large and growing inventory provides tenants with options while keeping well-maintained properties in consistent demand.
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