Edmond, Oklahoma Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Edmond, Oklahoma rental market.
Highlights
An apartment for rent in Edmond, Oklahoma typically goes for $1,167 per month, while a single-family home for rent in Edmond, Oklahoma has a monthly cost of around $2,201. Renter-occupied units make up 30% of the local housing market, while the rental vacancy rate in Edmond, Oklahoma is at 5.2.
Edmond, Oklahoma
Average Apartment Rent
$1,167
Y-o-Y Change in Average
Apartment Rent
3.3%
Average Single-Family Rent
$2,201
As of July 2024
Compared to a year ago, Edmond, Oklahoma apartments have recorded a 3.3% rent increase.
Edmond, Oklahoma Average apartment rent trend
Edmond, Oklahoma Average Apartment Rent
Edmond, Oklahoma Apartment rent ranges
At 56.49%, apartments priced $1,000 - $1,500 represent the bulk of Edmond, Oklahoma rentals, while condos priced Over $2,000 hold the lowest share of the market – 4.33%.
Edmond, Oklahoma Housing tenure**
Renters take up 30% of Edmond, Oklahoma real estate, occupying a total of 10,692 units, while homeowners live in 25,293 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$50,177
Average household size of renter-occupied housing units**
2.43
Rental vacancy rate**
5.2%
Edmond, Oklahoma Renter-occupied housing units by no. of bedrooms**
There are 3,895 rentals in Edmond, Oklahoma with 3 beds making up the highest share of the market, at 36%. Units with No bedrooms, on the other hand, hold the lowest percentage (4%), amounting to 375 units. Overall, the median number of rooms in Edmond, Oklahoma homes for rent is 4.6.
Edmond, Oklahoma Renter-occupied units by age of householder**
Most condos for rent in Edmond, Oklahoma are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 15 - 24 years age group (19%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Edmond, Oklahoma Renter-occupied housing units by family type**
Edmond, Oklahoma Renter-occupied housing units by the presence of own children**
A total of 5,512 apartments for rent in Edmond, Oklahoma, or 52% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 3,243 units. All in all, the median size of a renter-occupied household in Edmond, Oklahoma is 2.43.
Edmond, Oklahoma Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 39% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Edmond, Oklahoma.
Edmond, Oklahoma Renter-occupied units by year structure built**
The highest share of Edmond, Oklahoma apartment rentals, namely 22% or 2,361 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (20%, 2,097 units), and the ones Built 1990 - 1999 (17%, 1,869 units).
Edmond, Oklahoma Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Edmond, Oklahoma renters (47%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Edmond, Oklahoma condos for rent is 2018.
Edmond, Oklahoma Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Edmond, Oklahoma renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 12% have 3 vehicles available.
Edmond, Oklahoma Means of transportation to work of householders living in renter-occupied housing units**
Edmond, Oklahoma Geographical mobility in the past year for householders living in renter-occupied housing units**
Edmond, Oklahoma Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Edmond, Oklahoma apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
