Oklahoma City rents and rental comps

The median asking rent across Oklahoma City, OK sits at $1,156/month, pulled from active rental listings in 19 zip codes. That's down 1.5% from a year ago.

Rents aren't uniform across the city. ZIP 73116 tops the list at $1,650/month. ZIP 73109 comes in lowest at $725/month. That's a 128% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.

A 2-bedroom rents for $1,038/month at the median. 1-bedrooms run about $838. 3-bedrooms come in around $1,495.

Average days on market sits at 22 days. Pace is steady.

Rent-to-price math is tight in Oklahoma City. The gross figure sits at about 6.4% ($1,156/month against $217,250 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Oklahoma City metro is $1,510/month. Asking rents come in about 23% below the federal benchmark, which can make Section 8 properties competitive here.

OKC is one of the most landlord-friendly markets in the country. Oklahoma's regulations are minimal, the eviction process is straightforward, and entry points are affordable. Energy is still a major driver (Devon Energy, Continental Resources). Healthcare (OU Health, Integris) and Tinker Air Force Base provide demand that isn't tied to oil prices. Midtown, Paseo, and the Plaza District are premium areas that have seen real revitalization. Moore, Midwest City, and the south side are cheaper. Some exposure to energy cycles, which can affect the market during downturns. Overall, solid rent-to-price ratios in a regulatory environment that makes being a landlord as easy as it gets.

These numbers are city-wide averages. If you're pricing a specific property in Oklahoma City, pull comps from the same zip code. The spread is usually bigger than people expect.