Shawnee, 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 Shawnee, Oklahoma rental market.
Shawnee, Oklahoma
Average Apartment Rent
$817
Y-o-Y Change in Average
Apartment Rent
7.5%
As of July 2024
Compared to a year ago, Shawnee, Oklahoma apartments have recorded a 7.5% rent increase.
Shawnee, Oklahoma Average apartment rent trend
Shawnee, Oklahoma Average Apartment Rent
Shawnee, Oklahoma Apartment rent ranges
At 68.67%, apartments priced $700 - $1000 represent the bulk of Shawnee, Oklahoma rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 0.17%.
Shawnee, Oklahoma Housing tenure**
Renters take up 44% of Shawnee, Oklahoma real estate, occupying a total of 5,207 units, while homeowners live in 6,693 properties.
Median number of rooms of renter-occupied housing units**
4.8
Renter median household income**
$35,179
Average household size of renter-occupied housing units**
2.45
Rental vacancy rate**
3.5%
Shawnee, Oklahoma Renter-occupied housing units by no. of bedrooms**
There are 2,045 rentals in Shawnee, Oklahoma with 2 beds making up the highest share of the market, at 39%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 56 units. Overall, the median number of rooms in Shawnee, Oklahoma homes for rent is 4.8.
Shawnee, Oklahoma Renter-occupied units by age of householder**
Most condos for rent in Shawnee, Oklahoma are occupied by residents in the 25 - 34 years age group (22%), 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 – 3%.
Shawnee, Oklahoma Renter-occupied housing units by family type**
Shawnee, Oklahoma Renter-occupied housing units by the presence of own children**
A total of 2,680 apartments for rent in Shawnee, Oklahoma, or 51% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 1,755 units. All in all, the median size of a renter-occupied household in Shawnee, Oklahoma is 2.45.
Shawnee, Oklahoma Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Shawnee, Oklahoma.
Shawnee, Oklahoma Renter-occupied units by year structure built**
The highest share of Shawnee, Oklahoma apartment rentals, namely 22% or 1,159 units, were Built 1970 - 1979, followed by those Built 1939 or earlier (14%, 729 units), and the ones Built 1950 - 1959 (12%, 624 units).
Shawnee, Oklahoma Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Shawnee, Oklahoma renters (45%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Shawnee, Oklahoma condos for rent is 2017.
Shawnee, Oklahoma Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Shawnee, Oklahoma renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 13% have No vehicle available.
Shawnee, Oklahoma Means of transportation to work of householders living in renter-occupied housing units**
Shawnee, Oklahoma Geographical mobility in the past year for householders living in renter-occupied housing units**
Shawnee, 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 Shawnee, 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
