Apartments in Nichols Hills Oklahoma City

Oklahoma City:
May Rent Report

Welcome to the May 2024 Oklahoma City Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Oklahoma City rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Oklahoma City and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Oklahoma City average rent prices in the chart below.

May Prices: Oklahoma City vs. Surrounding Areas

Rent Prices in Oklahoma City and Surrounding Areas

Rent prices have decreased in Oklahoma City over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Oklahoma City suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

• Rent increased in Edmond, OK, Yukon, OK .

• Rent decreased in Norman, OK, Midwest City, OK, Bethany, OK, Moore, OK.

• 4 suburbs are currently priced higher than the city of Oklahoma City.

• 2 suburbs are currently priced lower than the city of Oklahoma City.

Data set for Oklahoma City and suburbs

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.