Cheap Apartments for Rent in the Downtown Oklahoma City Neighborhood of Oklahoma City, OK from $500 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Oklahoma City 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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The Haven
Rent Specials
$1,243 - $2,321
Total Monthly Price

Total Monthly Price

Base Rent
$1,243 - $2,321
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1 to 3 Bedroom Apartments Available Aug 22

The Haven

601 Robert S Kerr AveOklahoma City, OK 73102
Pet Friendly
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  • 3D Tour

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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West Village
$1,373 - $2,729
Total Monthly Price

Total Monthly Price

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$1,373 - $2,729
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Studio to 3 Bedroom Apartments Available Now

West Village

835 W Sheridan AveOklahoma City, OK 73106
Furnished
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  • Customer Reviewed
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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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Walford Apartments
Studio to 2 Bedroom Apartments

Walford Apartments

518 NW 12th StOklahoma City, OK 73103
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The Florence
Studio Apartments

The Florence

429 NW 11th StOklahoma City, OK 73103
  • Utilities Included
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The Frank
1 Bedroom Apartments

The Frank

1201 N FrancisOklahoma City, OK 73106
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Rene Apartments
1 Bedroom Apartments

Rene Apartments

1312 N Francis AveOklahoma City, OK 73106
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Hadden Hall
1 Bedroom Apartments

Hadden Hall

215 NW 10th StOklahoma City, OK 73103

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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property at 915 NW 7th St

$1,200 - $1,950

1 To 2 Bedroom Rentals

Available Now

915 NW 7th St

Oklahoma CityOK73106
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Harvey Lofts
Studio to 1 Bedroom Apartments

Harvey Lofts

1209 N Harvey AveOklahoma City, OK 73103
  • Smoke Free
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222 East Main Street
2 Bedroom Apartments

222 East Main Street

222 E Main StOklahoma City, OK 73104
  • Utilities Included
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444 N Central Ave
2 Bedroom Apartments

444 N Central Ave

444 N Central AveOklahoma City, OK 73104

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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Showing Results 1-41, Page 1 of 1

Downtown Oklahoma City, Oklahoma City, OK Local Guide

Cheapest Available Downtown Oklahoma City Apartments for Rent

 

The cheapest available apartment rental in the Downtown Oklahoma City area of Oklahoma City, OK is a Studio unit found at The Regency Apartments priced from $799. The Pulse has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Downtown Oklahoma City apartments for rent in Oklahoma City, OK:

Apartment ListingModel NameBed/BathPriced From
The Regency ApartmentsE1Studio,1BA$799
The PulseS2.1Studio,1BA$799
Park HarveyGrand Studio AStudio,1BA$885
Claremont ApartmentsGarage Studio ApartmentStudio,1BA$892
The Florence0 Beds, 1 BathsStudio,1BA$895
Ayva at MidtownL-21BR,1BA$995
The ShayMiniStudio,1BA$1,000
The HarlowS-S5Studio,1BA$1,105
LIFTDRIFTStudio,1BA$1,115
The Maywood ApartmentsThe Motley1BR,1BA$1,125

Best Value Apartments for Rent in Downtown Oklahoma City, OK

As of June 18, 2026 the best value apartment in the Downtown Oklahoma City area is the $1.81 price per square foot Beverly Model at Bower in the in the Oklahoma School Of Science And Mathematics neighborhood starting from $4,000. The second greatest value Downtown Oklahoma City apartment is the 2 Beds, 2 Baths Model at 444 N Central Ave starting at $1,825 with a $1.46 price per square foot in the Oklahoma School Of Science And Mathematics neighborhood. Here is today’s list of the best values for Downtown Oklahoma City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
BowerBeverly4BR,3BA$1.81
444 N Central Ave2 Beds, 2 Baths2BR,2BA$1.46
The MontgomeryB1 RPLUS2BR,2BA$2.08
The Edge at MidtownRedwood2BR,2BA$1.85
Aviare Arts DistrictVan Gogh1BR,1BA$1.57
MuseB12BR,1BA$2.13
SteelyardCOPPER (CU)1BR,1BA$2.19
The Maywood ApartmentsThe Axle1BR,1BA$1.91
The Florence0 Beds, 1 BathsStudio ,1BA$1.49
Park HarveyStudio BStudio ,1BA$1.78

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
Downtown Oklahoma City, Oklahoma City, OK

Ranked #47

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

This website is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States including Downtown Oklahoma City, Oklahoma City, and the greater Oklahoma City area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Oklahoma City Apartments

What is a cheap apartment in Downtown Oklahoma City?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Oklahoma City is under $1,125.

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

The cheapest apartment in Downtown Oklahoma City is Ayva at Midtown which is listed at $995, while the average apartment in Downtown Oklahoma City costs $4,000.

What types of apartments are the cheapest in Downtown 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 31 regular apartments in Downtown 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 Downtown Oklahoma City?

Cheap apartments in Downtown Oklahoma City have an average cost of $465 which is $3,535 cheaper than the average rent for all rentals in Downtown 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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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.

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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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The Best of OKC Living: Your Local Experts 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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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.

Articles, How-To's, and Tips

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.