Cheap Apartments for Rent in the 50 Penn West Neighborhood of Oklahoma City, OK from $400 (75 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 50 Penn West area of Oklahoma City.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Oklahoma City's Best Affordable Neighborhoods

Learn about Oklahoma City and the best places to live with original content written by Local Expert Mike Heuer

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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The Nomad Apartments
1 to 2 Bedroom Apartments

The Nomad Apartments

3100 NW 36th StOklahoma City, OK 73112
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Greystoke Apartments
1 to 3 Bedroom Apartments

Greystoke Apartments

2242 NW 42nd StOklahoma City, OK 73112
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Lake Stella Estates
Studio to 2 Bedroom Apartments

Lake Stella Estates

5509 N Independence AveOklahoma City, OK 73112
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Villas at Penn
Studio to 1 Bedroom Apartments

Villas at Penn

3818 N Pennsylvania AveOklahoma City, OK 73112
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Hunter's Landing
Studio to 2 Bedroom Apartments

Hunter's Landing

2909 NW 31st StOklahoma City, OK 73112
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Jaime's Landing
1 to 2 Bedroom Apartments

Jaime's Landing

1701 NW 46th StOklahoma City, OK 73118
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1100 NW 27th St.
Studio to 3 Bedroom Apartments

1100 NW 27th St.

1100-1106 NW 27th StOklahoma City, OK 73106
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Parkridge Apartments
1 Bedroom Apartments

Parkridge Apartments

3033 N Grand BlvdOklahoma City, OK 73107
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Ambassador House
Studio to 2 Bedroom Apartments

Ambassador House

4501 N Pennsylvania AveOklahoma City, OK 73112
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Mid-Town Apartments
1 to 3 Bedroom Apartments

Mid-Town Apartments

6001 N Brookline AveOklahoma City, OK 73112
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Elevate Apartments
1 to 2 Bedroom Apartments

Elevate Apartments

6101 N May AveOklahoma City, OK 73112

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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50 Penn West, Oklahoma City, OK Local Guide

Cheapest Available 50 Penn West Apartments for Rent

 

The cheapest available apartment rental in the 50 Penn West area of Oklahoma City, OK is a 1 Bed unit found at The Warwick priced from $624. Vines at Adams has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable 50 Penn West apartments for rent in Oklahoma City, OK:

Apartment ListingModel NameBed/BathPriced From
The Warwick1B1BR,1BA$624
Vines at AdamsStudioStudio,1BA$625
1100 NW 27th St.1BR/1.0BA1BR,1BA$650
Newport Granada Apartments1 Bed, 1 Bath1BR,1BA$680
Campus PointeJunior UpStudio,1BA$699
Belle Isle TerraceBEL1B1BR1BR,1BA$709
Crestpark ApartmentsImmediate move-in available!!1BR,1BA$725
The Colonies Apartments1 Br1BR,1BA$745
The PinesALL BILLS PAID Immediate move-in available!!Studio,1BA$750
21Penn1-11BR,1BA$750

Best Value Apartments for Rent in 50 Penn West, OK

As of July 12, 2026 the best value apartment in the 50 Penn West area is the $0.99 price per square foot The Mansion Model at The Warwick in the in the Suburban Northside neighborhood starting from $1,527. The second greatest value 50 Penn West apartment is the 3 Beds, 2 Baths Model at 32nd Street Apartments starting at $1,125 with a $0.94 price per square foot in the Asia District neighborhood. Here is today’s list of the best values for 50 Penn West apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The WarwickThe Mansion5BR,3BA$0.99
32nd Street Apartments3 Beds, 2 Baths3BR,2BA$0.94
1100 NW 27th St.2BR/1.0BA2BR,1BA$0.88
Vintage at 50thB12BR,2BA$0.99
Villas on 50th1x1 XL1BR,1BA$0.92
Crestpark ApartmentsImmediate move-in available!!1BR,1BA$0.81
The Current ApartmentsPalisade1BR,1BA$1.08
Belle Isle TerraceBEL1B1BR1BR,1BA$0.98
Newport Granada Apartments1 Bed, 1 Bath1BR,1BA$1.16
Vines at AdamsStudioStudio ,1BA$1.19

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
50 Penn West, Oklahoma City, OK

Ranked #41

Among cities in Oklahoma for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
50 Penn West, Oklahoma City, OK

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com is proud to bring you comprehensive Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across Oklahoma and customized analysis for Northwestern Oklahoma City, OK. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, transit availability, pet-friendly communities, family-friendliness, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap 50 Penn West Apartments

What is the Cheapest Studio apartment in 50 Penn West?

Currently the most affordable Cheap Studio Apartment in 50 Penn West is at Vines at Adams listed at $625.

How much is rent for a Cheap One Bedroom 50 Penn West Apartment?

The lowest price for a Cheap One Bedroom 50 Penn West Apartment is $624 at The Warwick.

What is the lowest price for a Cheap Two Bedroom 50 Penn West Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in 50 Penn West is starting from $743 at The Warwick.

What is the most affordable 50 Penn West Three Bedroom Apartment?

The best deal on a cheap 50 Penn West Three Bedroom Apartment rental is at 32nd Street Apartments and starts from $1,125.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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Oklahoma Citys Hidden Gems: Your Guide to Finding the Perfect Affordable Neighborhood to Rent

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OKC College Life: Top Neighborhoods to Rent for Students and University Staff

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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