Emerald Greens
2809-2815 Dewey Ave,
Norman, OK 73072
1-2 Beds | $800 - 900
Rental Market Trends in Norman, OK
What is the average rent in Norman, OK?
$882/month
Average Rent
668 Sq Ft
Average Apartment Size
+3.3%
Increase in the Last Year
As of November 2024, the average rent in Norman, OK is $882 per month. This is 43% lower than the national average rent of $1,559/month, making renting in Norman more affordable than most cities in the US. When you rent an apartment in Norman, you can expect to pay about $770 per month for a studio, $882 for a one-bedroom apartment, and around $1,047 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,210 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 Norman, OK?
In the past year, rent has increased by 3.3%, which averages out to $30 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 November 2024
Legend
2023
2024
Rent Ranges in Norman, OK
Last Updated November 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
22%
Below $700/month
53%
$700 - $1,000/month
24%
$1,001 - $1,500/month
1%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Norman?
Based on current rent prices, Old Silk Stocking is the most affordable neighborhood in Norman.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Norman?
Based on current rent prices, Old Silk Stocking is the most expensive neighborhood in Norman.
Neighborhood
Average Rent
Average Sq Ft
Which Norman neighborhoods have the most rentals available?
The neighborhood in Norman with the most apartments available is Old Silk Stocking .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Norman, OK?
Because the average rent in Norman is $882, you’ll want to make about $2,940 per month or $35,280 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 Norman, OK compare to other nearby cities and neighborhoods?
Use the tool below to compare Norman, 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
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
Apartment communities in Norman we think you'll love
Property Management Companies in Norman, OK
Northstar Properties
-
10
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2,686
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3
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4 Communities in Norman
Cardinal Group Management and Advisory, LLC
-
166
Communities
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36,070
Units
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89
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3 Communities in Norman
National Property Management Associates, Inc.
-
51
Communities
-
8,322
Units
-
34
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3 Communities in Norman
Case & Associates
-
69
Communities
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21,246
Units
-
24
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3 Communities in Norman
Juniper Investment Group
-
22
Communities
-
4,703
Units
-
17
Cities
3 Communities in Norman
Inland Real Estate
-
75
Communities
-
18,932
Units
-
54
Cities
2 Communities in Norman
Lindsey Management Co, Inc
-
80
Communities
-
35,289
Units
-
35
Cities
2 Communities in Norman
Tribune Capital
-
14
Communities
-
2,912
Units
-
7
Cities
2 Communities in Norman
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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.