Cheap Apartments for Rent in Oklahoma City, OK from $550 (674 Rentals)

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Search the lowest-cost Apartments available for rent right now in 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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property at 1800 Exchange Ave
$675
1 Bedroom Rentals
Available Now
Affordability

1800 Exchange Ave

Oklahoma CityOK73108

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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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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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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Oklahoma City, OK Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Oklahoma City, OK

Pricing Updated: 09/24/2026

Current apartment rentals in the Oklahoma City, OK area range in price from $494 to $15,010 with an overall median price of $1,067. The three Oklahoma City neighborhoods with the lowest median rent pricing are Mayridge at $765, Rancho Village at $765, and South West 60th at $765. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Oklahoma City Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Mayridge$765$625160
Rancho Village$765$645179
South West 60th$765$625178
Treadwell Hills$765$650129
Highlander Community South$790$625218
John Glenn #2$795$625175
Madole Hillcrest Green$795$625175
Del City$799$65531
Hillcrest$800$625219
Southwestern$815$625236

Cheapest Available Oklahoma City Apartments for Rent

 

The cheapest available apartment rental in Oklahoma City, OK is a 1 Bed unit found at 3333 S Walker Ave in the Inner City Southside neighborhood priced from $350. The Ridge in the Outer Northeast Oklahoma City neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here is today’s list of the most affordable Oklahoma City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
3333 S Walker Ave1 Beds, 1 Baths1BR, 1BA$350
The RidgeStudioStudio, 1BA$600
10 West Apartments1 Bedroom1BR, 1BA$605
Reeds Landing ApartmentsRL-st1Studio, 1BA$605
Vines at AdamsStudioStudio, 1BA$625
Brickell ApartmentsstudioStudio, 1BA$625
Apts In The Parkone-bed flat1BR, 1BA$625
Calico Corners1 Bedroom1BR, 1BA$645
The Residences at Edmond ParkStudioStudio, 1BA$645
The Apartments at Melrose Place1 Bedroom1BR, 1BA$645

Best Value Apartments for Rent in Oklahoma City, OK

As of September 24, 2026 the best value apartment in the Oklahoma City area is the $0.46 price per square foot 4BR Model at Rendezvous in the Edmond neighborhood starting from $615. The second greatest value Oklahoma City apartment is the 3BR Townhome, W/D Hookups | Two Levels | NW OKC Model at Lakewood Estates Apartments in the Suburban Northside neighborhood starting at $1,100 with a $0.85 price per square foot. Here is today’s list of the best values for Oklahoma City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rendezvous4BR4BR, 4BA$0.46
Lakewood Estates Apartments3BR Townhome, W/D Hookups | Two Levels | NW OKC3BR, 2BA$0.85
Belle Isle TerraceBEL2B2B2BR, 2BA$0.80
Vintage at 50thB22BR, 2BA$0.84
301 Dennis St3 Beds, 2 Baths3BR, 2BA$0.85
Sycamore Landing Senior Housing2 Beds, 1 bath2BR, 1BA$0.67
Prairie At Yukon2bed 1bath modern2BR, 1BA$0.85
01000 - R - 19th1BR/1.0BA1BR, 1BA$0.87
Amberwood Apartments2 Bed2BR, 1BA$0.74
Crestpark ApartmentsImmediate move-in available!!1BR, 1BA$0.81

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Oklahoma City Overview

With its diverse culture, moderate climate, booming economy, and friendly people, Oklahoma City is an incredible place to live. And the apartments in Oklahoma City are as diverse as the people who live in them. There is so much to see and do here. Whether you enjoy trying new restaurants, exploring the arts, checking out the nightlife, or spending time in the great outdoors, it is easy to find a home to suit your lifestyle in an Oklahoma City apartment

Why live in Oklahoma City, OK?

Oklahoma City is a fabulous place to call home. First of all, the people here are so friendly that the city is often referred to as “The Big Friendly”. And despite the reputation of the Midwest as “flat”, this city is actually home to rolling hills and rivers. The urban revitalization created many great restaurants and shops to experience. Pedestrian and bike-friendly paths run throughout the city. Plus, if getting out of town is your “thing” then beautiful parks and wildlife are a short drive away. There are also some very practical reasons to love this city including low unemployment, low cost of living, and lower than average commute time. Oklahoma City and its surrounding suburbs are the home to five large public universities, including campuses for Oklahoma State University and Oklahoma University. The city also has a large community college program and 15 private universities.

Oklahoma City, OK
Population: 649,021

Ranked #27

in US Census Population by City

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Oklahoma City, OK Rentals by Map

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See the most popular apartments and homes in Oklahoma City, OK

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Frequently Asked Questions about Cheap Oklahoma City Apartments

What is a cheap apartment in Oklahoma City?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oklahoma City is under $645.

What is the price of a cheap apartment in Oklahoma City?

The cheapest apartment in Oklahoma City is 3333 S Walker Ave which is listed at $350, while the average apartment in Oklahoma City costs $1,067.

What types of apartments are the cheapest in Oklahoma City?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4,249 regular apartments in Oklahoma City that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Oklahoma City?

Cheap apartments in Oklahoma City have an average cost of $509 which is $558 cheaper than the average rent for all rentals in Oklahoma City.

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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.