Cheap New Apartments for Rent in Oklahoma City, OK from $550 (94 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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Argon
Rent Specials
$1,058 - $1,982Built in 2017Studio to 3 Bedroom Apartments Available Now

Argon

13600 N Blackwelder AveOklahoma City, OK 73134
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West Village
$1,121 - $2,565

Total Monthly Price

Base Rent$1,121 - $2,565
Total Monthly PriceVaries
Built in 2018Studio to 3 Bedroom Apartments Available Now

West Village

835 W Sheridan AveOklahoma City, OK 73106
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The Landing OKC
$1,165 - $2,224

Total Monthly Price

Base Rent$1,165 - $2,224
Total Monthly PriceVaries
Built in 20171 to 3 Bedroom Apartments Available Now

The Landing OKC

4800 E Interstate 240 Service RdOklahoma City, OK 73135
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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Explore the rise of commercial-to-residential conversions. Learn how repurposing vacant office space helps solve the affordable housing shortage.

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Muse
Rent Specials
$1,235 - $2,094Built in 2022Studio to 2 Bedroom Apartments Available Now

Muse

700 NW 4th StOklahoma City, OK 73102
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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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Chisholm Pointe
$1,360 - $2,000

Total Monthly Price

Base Rent$1,360 - $2,000
Total Monthly Price$1,360 - $2,000
Built in 20231 to 3 Bedroom Apartments Available Now

Chisholm Pointe

1721 NW 115th TerOklahoma City, OK 73120
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Magnolia Row
Rent Specials
$1,489 - $2,630

Total Monthly Price

Base Rent$1,489 - $2,630
Total Monthly PriceVaries
Built in 20241 to 3 Bedroom Apartments Available Now

Magnolia Row

6300 W Memorial RdOklahoma City, OK 73142
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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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Altitude 405
Built in 2022Studio to 2 Bedroom Apartments

Altitude 405

1200 S Meridian AveOklahoma City, OK 73108
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The Legacy on Penn
Built in 20241 to 3 Bedroom Apartments

The Legacy on Penn

1123 N Pennsylvania AveOklahoma City, OK 73120
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The Estates at Rockwell
Built in 20211 to 3 Bedroom Apartments

The Estates at Rockwell

7400 N Rockwell AveOklahoma City, OK 73132
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Villas of Melrose
Built in 20251 to 2 Bedroom Apartments

Villas of Melrose

8009 Melrose LnOklahoma City, OK 73127
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Hillcrest Green II
Built in 20251 Bedroom Apartments

Hillcrest Green II

3339 SW 74th StOklahoma City, OK 73159
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New Saigon
Built in 2024Studio to 1 Bedroom Apartments

New Saigon

1125 NW 26th StOklahoma City, OK 73106
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Council Trails
Built in 20191 to 3 Bedroom Apartments

Council Trails

9701 Council TrlOklahoma City, OK 73162
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Southern Commons
Built in 20231 to 2 Bedroom Apartments

Southern Commons

6000 E I-240 Service RdOklahoma City, OK 73135
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The Frank
Built in 20161 Bedroom Apartments

The Frank

1201 N FrancisOklahoma City, OK 73106

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

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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Oklahoma City, OK Local Guide

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, 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 $1,069.

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 4,363 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 $493 which is $576 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 City's 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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.