The Encore Apartments
3916 NW 164th St,
Oklahoma City, OK 73013
1-3 Beds | $1,190 - $2,395
Rental Market Trends in Oklahoma City, OK
What is the average rent in Oklahoma City, OK?
$918/month
Average Rent
699 Sq Ft
Average Apartment Size
+2%
Increase in the Last Year
As of December 2024, the average rent in Oklahoma City, OK is $918 per month. This is 41% lower than the national average rent of $1,560/month, making renting in Oklahoma City more affordable than most cities in the US. When you rent an apartment in Oklahoma City, you can expect to pay about $847 per month for a studio, $918 for a one-bedroom apartment, and around $1,083 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,306 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 Oklahoma City, OK?
In the past year, rent has increased by 2%, which averages out to $19 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 Oklahoma City, OK
Last Updated December 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
28%
Below $700/month
44%
$700 - $1,000/month
24%
$1,001 - $1,500/month
3%
$1,501 - $2,000/month
1%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Oklahoma City?
Based on current rent prices, Oakcliff-Parkview, Warwick Estates and Council Heights are the most affordable neighborhoods in Oklahoma City.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Oklahoma City?
Based on current rent prices, Arts District, Automobile Alley and Deep Deuce are the most expensive neighborhoods in Oklahoma City.
Neighborhood
Average Rent
Average Sq Ft
Which Oklahoma City neighborhoods have the most rentals available?
The neighborhoods in Oklahoma City with the most apartments available are Downtown Oklahoma City, Northwest Oklahoma City and West Oklahoma City .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Oklahoma City, OK?
Because the average rent in Oklahoma City is $918, you’ll want to make about $3,060 per month or $36,720 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 Oklahoma City, OK compare to other nearby cities and neighborhoods?
Use the tool below to compare Oklahoma City, 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
$662/month
$1,194/month
One Bedroom
$757/month
$1,466/month
Two Bedroom
$843/month
$2,001/month
Three Bedroom
$992/month
$2,533/month
Nearby City Rent Trends
Apartment communities in Oklahoma City we think you'll love
Property Management Companies in Oklahoma City, OK
Case & Associates
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69
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21,246
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24
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18 Communities in Oklahoma City
Vesta Capital
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39
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9,780
Units
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11
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Pro Residential Services, Inc.
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52
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7,008
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14
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13 Communities in Oklahoma City
Scott Group
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11
Communities
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624
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2
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10 Communities in Oklahoma City
National Property Management Associates, Inc.
-
51
Communities
-
8,322
Units
-
34
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9 Communities in Oklahoma City
Greystar
-
3,186
Communities
-
882,573
Units
-
828
Cities
8 Communities in Oklahoma City
Weidner Apartments Homes
-
99
Communities
-
28,017
Units
-
52
Cities
8 Communities in Oklahoma City
Lindsey Management Co, Inc
-
80
Communities
-
35,289
Units
-
35
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8 Communities in Oklahoma City
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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.