Norman, OK Rental Market Trends
What is the average rent in Norman?
The average rent for an apartment in Norman is $921, a 2% increase compared to the previous year. Read the full Rent Report to learn more details on how apartment rents compare to other locations in the area, and what are the most affordable or most expensive cities for renting around Oklahoma City, OK.
Average Rent in Norman, OK
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$921||2%||925 sq. ft.|
What is the average apartment size in Norman?
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
- < $5001%
- > $2,0003%
Norman, OK Occupied Housing Units
- Renter-occupied Households41%
- Owner-occupied Households58%
19,754 or 41% of the households in Norman, OK are renter-occupied while 28,159 or 58% are owner-occupied.
Norman, OK Rent Trends
|Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021|
Average Rent in Norman, OK By Neighborhood
What are the most affordable neighborhoods in Norman?
The most affordable neighborhoods in Norman are Adams, where the average rent goes for $826/month, Cleveland, where renters pay $826/mo on average, and Jackson, where the average rent goes for $826/mo. If you’re looking for other great deals, check out the listings from Wilson ($826), McKinley ($885), and Monroe ($885), where the asking prices are below the average Norman rent of $921/mo.
What are the most expensive neighborhoods in Norman?
What are the most popular neighborhoods in Norman?
The most popular neighborhood in Norman is Monroe, where there are 9 verified RENTCafé listings with an average rent of $885. Next up is Reagan, where apartments go for $930/month, followed by Kennedy with $958 If you’re looking to rent in Norman’s most popular neighborhoods, make sure to also check out Jackson, where renters pay $826 on average, and Cleveland, where the average monthly rent is $826.
Norman | Rent Comparison by Neighborhood
Rent in Adams is the same as in Cleveland
Adams rent is 10% lower than Norman average
Cleveland rent is 10% lower than Norman average
How Norman Compares to Other Cities
|Average Rent||Y-o-Y Change|