Lawton, 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 Lawton, Oklahoma rental market.
Lawton, Oklahoma
Average Apartment Rent
$838
Y-o-Y Change in Average
Apartment Rent
-1.1%
As of July 2024
Compared to a year ago, Lawton, Oklahoma apartments have recorded a -1.1% rent decrease.
Lawton, Oklahoma Average apartment rent trend
Lawton, Oklahoma Average Apartment Rent
Lawton, Oklahoma Apartment rent ranges
At 46.51%, apartments priced $700 - $1000 represent the bulk of Lawton, Oklahoma rentals, while condos priced Under $500 hold the lowest share of the market – 0.73%.
Lawton, Oklahoma Housing tenure**
Renters take up 55% of Lawton, Oklahoma real estate, occupying a total of 18,327 units, while homeowners live in 14,817 properties.
Median number of rooms of renter-occupied housing units**
4.8
Renter median household income**
$40,430
Average household size of renter-occupied housing units**
2.48
Rental vacancy rate**
6.7%
Lawton, Oklahoma Renter-occupied housing units by no. of bedrooms**
There are 7,270 rentals in Lawton, Oklahoma with 3 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 260 units. Overall, the median number of rooms in Lawton, Oklahoma homes for rent is 4.8.
Lawton, Oklahoma Renter-occupied units by age of householder**
Most condos for rent in Lawton, Oklahoma are occupied by residents in the 25 - 34 years age group (32%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Lawton, Oklahoma Renter-occupied housing units by family type**
Lawton, Oklahoma Renter-occupied housing units by the presence of own children**
A total of 10,058 apartments for rent in Lawton, Oklahoma, or 55% of all rentals are family households. Additionally, 40% of rental homes include children under the age of 18 – that’s 7,420 units. All in all, the median size of a renter-occupied household in Lawton, Oklahoma is 2.48.
Lawton, Oklahoma Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 22% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Lawton, Oklahoma.
Lawton, Oklahoma Renter-occupied units by year structure built**
The highest share of Lawton, Oklahoma apartment rentals, namely 17% or 3,206 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (17%, 3,170 units), and the ones Built 1960 - 1969 (17%, 3,072 units).
Lawton, Oklahoma Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Lawton, Oklahoma renters (49%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lawton, Oklahoma condos for rent is 2019.
Lawton, Oklahoma Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Lawton, Oklahoma renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 16% have No vehicle available.
Lawton, Oklahoma Means of transportation to work of householders living in renter-occupied housing units**
Lawton, Oklahoma Geographical mobility in the past year for householders living in renter-occupied housing units**
Lawton, 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 Lawton, 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
