Oklahoma City city, 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 Oklahoma City city, Oklahoma rental market.
Highlights
An apartment for rent in Oklahoma City city, Oklahoma typically goes for $787 per month, while a single-family home for rent in Oklahoma City city, Oklahoma has a monthly cost of around $1,539. Renter-occupied units make up 41% of the local housing market, while the rental vacancy rate in Oklahoma City city, Oklahoma is at 9.1.
Oklahoma City city, Oklahoma
Average Apartment Rent
$787
Y-o-Y Change in Apartment Rent
4.38%
Average Single Family Rent
$1,539
Compared to a year ago, Oklahoma City city, Oklahoma apartments have recorded a 4.38% rent increase.
Oklahoma City city, Oklahoma |Median apartment rent trend
Oklahoma City city, Oklahoma| Average apartment rent by city
Oklahoma City city, Oklahoma | Apartment rent ranges
At 43.51%, apartments priced $500 - $700 represent the bulk of Oklahoma City city, Oklahoma rentals, while condos priced over $2,000 hold the lowest share of the market – 0.44%.
Oklahoma City city, Oklahoma | Housing tenure
Renters take up 41% of Oklahoma City city, Oklahoma real estate, occupying a total of 99,514 units, while homeowners live in 140,957 properties.
Median number of rooms of renter-occupied housing units
4.2
Renter Median household income
$35,472
Average household size of renter occupied-housing units
2.44
Rental vacancy rate
9.1%
Oklahoma City city, Oklahoma | Renter-occupied housing units by no. of bedrooms
There are 37,264 rentals in Oklahoma City city, Oklahoma with 2 beds making up the highest share of the market, at 37%. Units with no bedrooms, on the other hand, hold the lowest percentage (4%), amounting to 4,121 units. Overall, the median number of rooms in Oklahoma City city, Oklahoma homes for rent is 4.2.
Oklahoma City city, Oklahoma |Renter-occupied units by age of householder
Most condos for rent in Oklahoma City city, Oklahoma are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Oklahoma City city, Oklahoma | Renter-occupied housing units by family type
Oklahoma City city, Oklahoma | Renter-occupied housing units by the presence of own children
A total of 48,034 apartments for rent in Oklahoma City city, Oklahoma, or 48% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 32,405 units. All in all, the median size of a renter-occupied household in Oklahoma City city, Oklahoma is 2.44.
Oklahoma City city, Oklahoma | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Oklahoma City city, Oklahoma.
Oklahoma City city, Oklahoma | Renter-occupied units by year structure built
The highest share of Oklahoma City city, Oklahoma apartment rentals, namely 19% or 18,447 units, were built 1970 - 1979, followed by those built 1980 - 1989 (18%, 18,021 units), and the ones built 1960 - 1969 (13%, 12,683 units).
Oklahoma City city, Oklahoma | Renter-occupied units by year householder moved in
Median year renter moved into unit2014
Most Oklahoma City city, Oklahoma renters (45%) moved in 2010 to 2014, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Oklahoma City city, Oklahoma condos for rent is 2014.
Oklahoma City city, Oklahoma | Renter-occupied housing units by vehicles available
When it comes to transportation options, 49% of Oklahoma City city, Oklahoma renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 12% have no vehicle available.
Oklahoma City city, Oklahoma | Means of transportation to work of householders living in renter-occupied housing units
Oklahoma City city, Oklahoma |Geographical mobility in the past year for householders living in renter-occupies housing units
Oklahoma City city, 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 Oklahoma City city, 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.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates
