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Apartments for Rent in Oklahoma City, OK under $700 – 120 Rentals available

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Oklahoma City’s average rent reached $804 in January

Oklahoma City’s average rent reached $804 in January after a 2.2% increase since last year. Renters make up 39% of Oklahoma City's population. The largest city in Oklahoma is a great place to live and work, with apartment prices below the national average of $1,392. [View Full Report]

Oklahoma City apartment rent report

Oklahoma City’s average rent was $804 in January

Oklahoma City’s average rent reached $804 in January after a 2.2% increase since last year. Renters make up 39% of Oklahoma City's population. The largest city in Oklahoma is a great place to live and work, with apartment prices below the national average of $1,392.

The average rent for an apartment in Oklahoma City has increased more compared to other surrounding cities such as Edmond ($934), where prices went up by 0.5%. On the other hand in Norman, rent went up by 2.9% compared to last year, reaching $925.

Oklahoma City apartment rent report

What it costs to rent in the Oklahoma City metro area

Despite a 0.8% increase, Bethany rentals are the most budget-friendly option in the Oklahoma City area, with an average price of $645. At $715 a month, following a 3.2% increase, renting in Midwest City is another attractive option. A renter-majority city (60%), Stillwater experienced a 0.9% decrease compared to last year, reaching $838. Average rent in Yukon reached $849 after a 3.9% yearly increase, while apartments in Moore went for $892 in January, which is 2.8% more than last year.

Oklahoma City apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Oklahoma City, OK Demographics

  • Total Population643,692
  • Female 316,500
    Male 327,192
  • Median Age34.1

Average Rent in Oklahoma City, OK

  • Oklahoma City, OK Average Rental Price, October 2020 $802 /mo

Oklahoma City, OK Apartment Rent Ranges

  • < $5002%
  • $501-$70040%
  • $701-$1,00043%
  • $1,001-$1,50014%
  • $1,501-$2,0002%

Oklahoma City, OK Rent Trends

Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Oct / 2020
Oklahoma City, OK $733 $731 $741 $752 $754 $775 $783 $782 $787 $791 $802
National $1,378 $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
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Check out the average rent prices in Oklahoma City by neighborhood.

Oklahoma City, OK Households

  • Total Number of Households242,748
  • Family 149,696
    Non-family 93,052
  • Children 79,059
    No Children 163,689
  • Average People Per Household2.6
  • Median Household Income$55,557
  • Median Housing Costs Per Month$931

Oklahoma City, OK Education Statistics

  • No High School5%
  • Some High School34%
  • Some College26%
  • Associate Degree7%
  • Bachelor Degree18%
  • Graduate Degree10%

Apartments in Oklahoma City, OK under $700

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $700?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 121 apartments for rent in Oklahoma City, OK on which you’ll spend less than $700. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $700

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $700. The average rental size in Oklahoma City, OK is 840 Sq.Ft., but the $700 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!