Cheap Homes for Rent in the 50 Penn West Neighborhood of Oklahoma City, OK from $700 (58 Rentals)

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

Live Close to Work: Prime Oklahoma City Neighborhoods to Rent Near Top Job Providers (Integris Health, Hobby Lobby, Boeing, Amazon)

Find quality, affordable apartments with short commutes in Oklahoma City by exploring the best neighborhoods near the city’s major employers. Discover apartments that are well within your budget, close to work, major freeways (I-40, I-44), and local recreation spots like Lake Hefner.

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Best of OKC Living: Your Local Expert's Guide to Making Oklahoma City Your Home

Explore vibrant Oklahoma City, where the wild west meets the 21st century. Find plentiful jobs, affordable, high-quality apartments, a great climate, and endless recreation in OKC!

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property at 3615 N Drexel Blvd

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

2 Bedroom, 1.5 Bath Townhome for Rent

Available Jun 2, 2027

3615 N Drexel Blvd, Unit 3613

3615 N Drexel Blvd
Oklahoma CityOK73112
property at 3029 NW 46th St

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Total Monthly Price
$1,225

3 Bedroom, 2 Bath Home for Rent

Available Now

3029 NW 46th St

Oklahoma CityOK73112

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

Rent smart near OKC's major universities. See which neighborhoods offer the best mix of affordability, local nightlife, and easy access to campus life and downtown amenities.

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property at 1720 NW 30th St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

3 Bedroom, 1 Bath Home for Rent

Available Now

1720 NW 30th St

Oklahoma CityOK73118

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

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 Apartment Homes 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 Warwick Apartment Homes1B1BR,1BA$624
Vines at AdamsStudioStudio,1BA$625
1100 NW 27th St.1BR/1.0BA1BR,1BA$650
The Vintage Apartments1 Bedroom 1 Batch (C)1BR,1BA$665
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 25, 2026 the best value apartment in the 50 Penn West area is the $1.15 price per square foot 2 Beds, 2 Baths Model at 711 NW 30th St in the in the Adventure District neighborhood starting from $1,495. The second greatest value 50 Penn West apartment is the 2x2 SM Model at Villas on 50th starting at $950 with a $0.86 price per square foot in the Suburban Northside 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.
711 NW 30th St2 Beds, 2 Baths2BR,2BA$1.15
Villas on 50th2x2 SM2BR,2BA$0.86
1100 NW 27th St.2BR/1.0BA2BR,1BA$0.88
Crestpark ApartmentsImmediate move-in available!!1BR,1BA$0.81
The Current ApartmentsPalisade1BR,1BA$1.08
32nd Street Apartments1 Beds, 1 Baths1BR,1BA$1.06
Belle Isle TerraceBEL1B1BR1BR,1BA$0.98
The Warwick Apartment Homes1A1BR,1BA$0.96
The PinesALL BILLS PAID Immediate move-in available!!Studio ,1BA$1.21
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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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 #45

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

Frequently Asked Questions about 50 Penn West

What type of rentals are currently available in 50 Penn West?

There are currently 183 Apartments for Rent in 50 Penn West, OK with pricing that ranges from $624 to $15,010. There are also 104 Single Family Homes for rent, Condos, and Townhome rentals currently available in 50 Penn West ranging from $700 to $3,500.

What is the current price range for Rental Homes in 50 Penn West?

Today's rental pricing for Homes for Rent, Condos and Townhomes in 50 Penn West ranges from $700 to $3,500 with an average monthly rent of $1,498.

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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Live Close to Work: Prime Oklahoma City Neighborhoods to Rent Near Top Job Providers

Written by: Mike Heuer

Oklahoma City is a highly underrated city and the capital of the great state of Oklahoma. The city has more than 700,000 residents, while the greater metropolitan area has about twice that many.

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The Best of OKC Living: Your Local Expert's Guide to Making Oklahoma City Your Home

Written by: Mike Heuer

Hello from Oklahoma City, Oklahoma, where cowboys are legends and recreational opportunities abound. I’m Mike, your ApartmentHomeLiving.

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

Written by: Mike Heuer

I am Mike, your ApartmentHomeLiving.com Local Expert for Oklahoma City, Oklahoma.

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

Written by: Mike Heuer

I’m Mike, your ApartmentHomeLiving.com Local Expert for Oklahoma City, Oklahoma. The city is one of the lesser-known gems of the South-Central United States, and it always impressed me when visiting family in the city.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

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.