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Apartments for Rent in Oklahoma City, OK under $700 – 127 Rentals available

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Oklahoma City’s average rent reached $810 in March

Oklahoma City’s average rent reached $810 in March, after a 2.7% 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 $1,407. [View Full Report]

Oklahoma City apartment rent report

Oklahoma City’s average rent was $810 in March

Oklahoma City’s average rent reached $810 in March, after a 2.7% 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 $1,407.

The average rent for an apartment in Oklahoma City has increased slower compared to other surrounding cities, such as Edmond ($962), where prices went up by 3.8%. On the other hand, in Norman, rent went up by 2.4% compared to last year, slower than in Oklahoma City, and reached $921.

Oklahoma City apartment rent report

What it costs to rent in the Oklahoma City metro area

After a 0.2% decrease, Bethany rentals are the most budget-friendly option in the Oklahoma City area, with an average price of $640. At $727 a month, following a 3.1% increase, renting in Midwest City is another attractive option. A renter-majority city (60%), Stillwater experienced a 1.4% decrease compared to last year, reaching $833. The average rent in Yukon reached $858 after a 5.3% yearly increase, while apartments in Moore went for $893 in March, which is 2.8% more than last year.

Oklahoma City apartment rents in popular ZIP codes for renters

Among Oklahoma City's most popular renter ZIP codes, 73120 has a $754 average rent, below the city average ($810). At the same time, rentals in ZIP 73112 go for $741, while prices in ZIP 73132 circle around $754. Apartment rents in ZIP 73139 clock in at around $700, lower than the Oklahoma City average, while rates in ZIP 73134 average at $1,003.

Check out how average rents evolved across the Oklahoma City area

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.

Renter's Guide to Oklahoma City

As of 2015, Oklahoma City was the 27th largest city in the US and the largest in Oklahoma, though its land mass of 607 square miles positions it as the 8th largest by land size.

The city is centrally located in the Great Plains region of the United States—it is only 200 miles from Dallas to Oklahoma City and 350 miles from Kansas City to Oklahoma City. It’s also a mere 100 miles from Tulsa to Oklahoma City. Given its central location, a flight from the Oklahoma City airport to New York or to San Francisco are both about three-and-a-half hours. 

The Oklahoma City weather is rather temperate, with January temperatures averaging around 50 degrees and mid-summer temperatures hovering in the low 90s. Those who don’t like snow will find the weather in Oklahoma City pleasant, since the city experiences less than 10 inches of snowfall in a season.

Oklahoma City, OK Demographics

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

Cost of Living in Oklahoma City, OK

The cost of living in Oklahoma City is quite reasonable at 63.41% of what it would cost to live in New York City and 6.27% lower than neighboring Tulsa. The Oklahoma City public transportation system provides bus service throughout the city at a rate of $1.75. Discounts for seniors, students, and people with disabilities lowers the rate to 75 cents. Taxis in Oklahoma City are widely available and rates can be easily calculated with the city’s Taxi Fare Finder.

An average meal at an inexpensive restaurant is only $10 and a mid-range meal costs around $40 and groceries are relatively cheap. Oklahoma City utilities for a 900-square-foot apartment average around $157 per month and the average monthly Internet bill for unlimited access is around $58.

Average Rent in Oklahoma City, OK

  • Oklahoma City, OK Average Rental Price, May 2021 $826 /mo

Oklahoma City, OK Apartment Rent Ranges

  • < $5001%
  • $501-$70034%
  • $701-$1,00047%
  • $1,001-$1,50016%
  • $1,501-$2,0002%

Oklahoma City, OK Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 May / 2021
Oklahoma City, OK $731 $741 $752 $754 $775 $782 $787 $791 $805 $810 $826
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407 $1,428
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Check out the average rent prices in Oklahoma City by neighborhood.

Living in Oklahoma City, OK

Oklahoma City, just like any other city, has some pros and cons. OKC excels in affordability, strong economy and quality of life, arguably the three most important factors when choosing a new city to call home. Not only is Oklahoma City the best city to live in Oklahoma, but it offers an abundance of the arts, excellent health care, quality education, superb dining and so much more. Oklahoma City is also diverse, counting among its population 15% African-American, 17% Hispanic, and a number of other ethnicities.

Though the city does have a fine public transportation system, commuting by car can be a challenge. The city also lies in what is called “tornado alley” and as such has its share of severe weather from time to time.

Things to do in Oklahoma City

There’s no shortage of things to do in Oklahoma City—one of the country’s largest and fastest growing cities. A few of the many attractions to enjoy are the Oklahoma City Zoo, Oklahoma City Cowboy Hall of Fame, the Bricktown in Oklahoma City, and the Oklahoma City Museum of Art. Other Oklahoma City events include numerous international equine championship events, more than any other city in the world—the reason why it’s often nicknamed the “Horse Show Capitol of the World.”

Music lovers will enjoy the numerous indoor and outdoor concerts and a nightlife second to none in the southwest. From Automobile Alley to the Midtown area to the Western Avenue shopping district, there are plenty of retailers to satisfy even the most fanatic shopper and dining at Oklahoma City restaurants, after a long day of shopping, is comparable to cities from L.A. to New York City.

For the sports enthusiast, the Oklahoma City Thunder display their NBA playoff caliber basketball from October through April and one of the most admired NCAA college football franchises, the Oklahoma Sooners play right next door in Norman, Oklahoma. Those who are more active can run the Oklahoma City Memorial Marathon, that now draws 25,000 participants, or run one of many shorter races that abound as well.

Employment and Economy

Oklahoma City jobs are not lacking in a local economy where the unemployment rate of 3.6% was far below the national average of 4.8%. The Oklahoma City economy also benefits from the fact that the per capita income in the city, a good indicator of consumer spending power, ranks above or equivalent to the national average at the $75,000 and below threshold—indicating that employment in Oklahoma City is compensated quite well.

Oklahoma City is focused on attracting a highly educated workforce—83.1% graduated high school, 27.3% have a bachelor's degree or higher, and 9% have a graduate or professional degree. This is a departure from an economic base that not long ago was focused almost entirely on the oil and gas industry. Today, the diversity of the Oklahoma City economy is well positioned for growth.

A Coldwell Banker Richard Ellis survey ranked Oklahoma City fourth overall in the nation’s small tech talent markets and Forbes ranked it as one of the 10 best cities for young entrepreneurs. The city is also home to some of the country’s largest companies, which are some of the city’s largest employers. These Oklahoma City businesses include Fortune 500 companies Chesapeake Energy and Devon Energy, one of Forbes’ largest private companies Love's Travel Stops & Country Stores, and NASDAQ-listed financial firm BancFirst.

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

Education in Oklahoma City

In 1993 the first Metropolitan Area Projects (MAPS) to improve the Oklahoma City public schools built and renovated 70 Oklahoma City Public School buildings and provided funds for facility improvements, technology, and transportation projects. The city recently implemented MAPS 3, to be completed in 2021.

The University of Oklahoma maintains a campus in the city, as does Oklahoma State University. Also in the city is Oklahoma City University, ranked by US News & World Report as one of the country’s top 25 regional universities, and its Meinders School of Business, one of the top 5% of business schools in the world! Oklahoma City Community College, which serves more than 28,000 students, gives students the chance to experience an affordable, accessible and flexible community college education.

Oklahoma City, OK Education Statistics

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

Tips for Renting in Oklahoma City

Anyone looking for apartments in Oklahoma City can take comfort in knowing that the State of Oklahoma Landlord and Tenant Acts, under which Oklahoma City is governed, gives tenants the right to habitable living conditions in housing that meets basic structural, health, and safety standards and is in good repair. If a landlord fails to make necessary repairs to keep the premises in safe, livable condition, a tenant has the right to withhold rent until repairs are made.

Commuting by car in Oklahoma City traffic can be a challenge, however, the city has a great public transportation system and a number of neighborhoods, such as Mesta Park, Roberts-Crest, and Corridor South have excellent Walk and Bike Scores. Considering that Oklahoma City offers a flourishing nightlife scene, especially in some of the popular spots for music, dancing, and drinks, it’s no wonder that Millennials find this such an attractive city in which to live.

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 127 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 802 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!