1201 at Covell Village
1201 Covell Village Dr,
Edmond, OK 73003
1-3 Beds | $1,218 - $1,954
Rental Market Trends in Edmond, OK
What is the average rent in Edmond, OK?
$1,000/month
Average Rent
693 Sq Ft
Average Apartment Size
+2.3%
Increase in the Last Year
As of December 2024, the average rent in Edmond, OK is $1,000 per month. This is 36% lower than the national average rent of $1,560/month, making renting in Edmond more affordable than most cities in the US. When you rent an apartment in Edmond, you can expect to pay about $766 per month for a studio, $1,000 for a one-bedroom apartment, and around $1,180 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,503 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Edmond, OK?
In the past year, rent has increased by 2.3%, which averages out to $24 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Edmond, OK
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
13%
Below $700/month
37%
$700 - $1,000/month
43%
$1,001 - $1,500/month
4%
$1,501 - $2,000/month
4%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Edmond?
Based on current rent prices, Coffee Creek Area and Downtown Edmond" are the most affordable neighborhoods in Edmond.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Edmond?
Based on current rent prices, Downtown Edmond and Coffee Creek Area" are the most expensive neighborhoods in Edmond.
Neighborhood
Average Rent
Average Sq Ft
Which Edmond neighborhoods have the most rentals available?
The neighborhoods in Edmond with the most apartments available are Downtown Edmond and Coffee Creek Area" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Edmond, OK?
Because the average rent in Edmond is $1,000, you’ll want to make about $3,333 per month or $39,996 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Edmond, OK compare to other nearby cities and neighborhoods?
Use the tool below to compare Edmond, OK to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$1,100/month
One Bedroom
$990/month
$1,292/month
Two Bedroom
$1,255/month
$1,508/month
Three Bedroom
-
$2,304/month
Nearby City Rent Trends
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Property Management Companies in Edmond, OK
National Property Management Associates, Inc.
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51
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8,322
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34
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3 Communities in Edmond
IRT Living
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110
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32,646
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71
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2 Communities in Edmond
Case & Associates
-
69
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21,246
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24
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2 Communities in Edmond
Sunridge Management Group Inc
-
84
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15,644
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62
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1 Community in Edmond
Venterra
-
87
Communities
-
25,827
Units
-
51
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1 Community in Edmond
Advanced Precision Group LLC
-
67
Communities
-
8,065
Units
-
51
Cities
1 Community in Edmond
Lindsey Management Co, Inc
-
80
Communities
-
35,289
Units
-
35
Cities
1 Community in Edmond
Lund Company
-
87
Communities
-
15,174
Units
-
26
Cities
1 Community in Edmond
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.