Norman, OK Rental Market Trends
The average rent for an apartment in Norman is $897, a 1% increase compared to the previous year.
Average Rent in Norman, OK
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$897||1%||925 sq. ft.|
The average size for a Norman, OK apartment is 925 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Norman, OK Apartment Rent Ranges
- < $5002%
- > $2,0003%
Norman, OK Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
19,198 or 40% of the households in Norman, OK are renter-occupied while 27,937 or 59% are owner-occupied.
Norman, OK Rent Trends
|Nov / 2016||Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
Average Rent in Norman, OK By Neighborhood
The most affordable neighborhoods in Norman are Adams, where the average rent goes for $772/month, Cleveland, where renters pay $772/mo on average, and Jackson, where the average rent goes for $772/mo. If you’re looking for other great deals, check out the listings from Wilson ($772), Moore ($825), and McKinley ($865), where the asking prices are below the average Norman rent of $897/mo.
The most expensive neighborhoods in Norman are Jefferson ($940), Kennedy ($940) and Washington ($940).
The most popular neighborhood in Norman is Monroe, where there are 9 verified RENTCafé listings with an average rent of $865. Next up is Jackson, where apartments go for $772/month, followed by Moore with $825 If you’re looking to rent in Norman’s most popular neighborhoods, make sure to also check out Reagan, where renters pay $916 on average, and Kennedy, where the average monthly rent is $940.
Norman | Rent Comparison by Neighborhood
Rent in Adams is the same as in Cleveland
Adams rent is 14% lower than Norman average
Cleveland rent is 14% lower than Norman average
How Norman Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Norman rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!