Average Rent in Oklahoma City 2026
The average rent in Oklahoma City, OK is $950 for a 1-bedroom, $1,200 for a 2-bedroom, and $1,500 for a 3-bedroom apartment in 2026. The cost of living in Oklahoma City is 13% below the national average. To afford a 1-bedroom apartment here using the 30% rule, you need an annual income of at least $38,000.
Oklahoma City Rent Prices by Bedroom
1 Bedroom
$950
per month
2 Bedrooms
$1,200
per month
3 Bedrooms
$1,500
per month
Cost of Living in Oklahoma City
87
Cost of Living Index (100 = national average)
Oklahoma City's cost of living index is 87, which is 13% below the national average. This index factors in housing, groceries, transportation, healthcare, and utilities. A higher number means you need more income to maintain the same standard of living compared to the national average.
Oklahoma City at a Glance
Population
697K
Median Income
$55,557
COL Index
87
Rent Control
No
How Much Income Do You Need to Rent in Oklahoma City?
The widely accepted guideline is to spend no more than 30% of your gross income on rent. Here is the minimum annual income you need to afford an apartment in Oklahoma City by bedroom count:
1-Bedroom
$950/mo rent
$38,000/yr
2-Bedroom
$1,200/mo rent
$48,000/yr
3-Bedroom
$1,500/mo rent
$60,000/yr
Based on the 30% rule: monthly rent should not exceed 30% of gross monthly income.
How Much You Save with a Roommate in Oklahoma City
Save $350/month
by splitting a 2-bedroom with a roommate
Solo 1BR
$950
per month
Split 2BR
$600
per person/month
Annual Savings
$4,200
per year
Instead of paying $950 for a 1-bedroom on your own, splitting a 2-bedroom ($1,200) with one roommate brings your share to $600. That is $4,200 per year you could put toward savings, investments, or paying down debt.
Rent Control in Oklahoma City
Oklahoma City, OK does not currently have rent control or rent stabilization laws. Landlords can raise rent by any amount at lease renewal, though they are typically required to provide advance notice (usually 30-60 days). If you are concerned about rent increases, consider negotiating a longer lease term for price stability.
Rent Calculators for Oklahoma City Renters
Use these free calculators to plan your Oklahoma City rental budget, split rent with roommates, and check if you qualify for an apartment.
Rent Affordability Calculator
Find out how much rent you can afford based on your income.
Fair Rent Split Calculator
Split rent fairly by room size, features, and income.
Rent-to-Income Calculator
Check if you meet the 3x rent rule landlords require.
Renter Budget Calculator
Build a 50/30/20 budget around your rent payment.
Frequently Asked Questions About Renting in Oklahoma City
Is Oklahoma City expensive to rent in?
Oklahoma City is one of the cheapest major metros for renters. A 1-bedroom averages $950 per month in 2026. Midtown and Paseo are the trendiest (and priciest) neighborhoods, while Moore and Edmond offer suburban affordability.
How much income do you need to rent in Oklahoma City?
Using the 30% rule, you need about $3,167 per month ($38,000 annually) to afford an average $950/month 1-bedroom apartment in Oklahoma City.
How much can you save by splitting rent with a roommate in Oklahoma City?
Splitting a 2-bedroom ($1,200/month) with one roommate brings your share to $600, saving $350 per month or $4,200 per year versus renting a 1-bedroom alone.
Planning to rent in Oklahoma City?