Cheap Homes for Rent in Oklahoma City, OK from $500 (548 Rentals)

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property at 1225 S Lee Ave

$550 - $585

Studio Rentals

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1225 S Lee Ave

Oklahoma CityOK73109

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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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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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-50, Page 1 of 11

Oklahoma City, OK Local Guide

Cheapest Neighborhoods for Apartments in Oklahoma City, OK

Pricing Updated: 01/15/2026

Current apartment rentals in the Oklahoma City, OK area range in price from $420 to $15,010 with an overall median price of $1,845. The three Oklahoma City neighborhoods with the lowest median rent pricing are Capitol Hill at $645, Central Capitol Hill at $645, and Del City at $650. 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
Capitol Hill$967$64536
Central Capitol Hill$967$64536
Del City$1,000$65036
Draper Park$1,025$64544
Heronville$1,025$64566
Jackson$1,025$68761
Oliver Park South$1,025$64537
Shields Robinson South$1,025$64544
Western Hills$1,025$64544
Granada Village Mobile Home Park$1,045$631124

Cheapest Available Oklahoma City Apartments for Rent

 

The cheapest available apartment rental in Oklahoma City, OK is a 1 Bed unit found at Penn Station in the Suburban Northside neighborhood priced from $524. Lake Hefner Townhomes in the Suburban Northside neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Oklahoma City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Penn StationA21BR,1BA$524
Lake Hefner TownhomesOne Bedroom1BR,1BA$600
Pickwick Place21-F 1 Bed/1 Bath1BR,1BA$601
10 West Apartments1 Bedroom1BR,1BA$605
Hillcrest GreenThe Maxwell1BR,1BA$613
Shoreview Apartments1 bedroom 1 bath1BR,1BA$620
Vines at AdamsStudioStudio,1BA$625
Woodland HillsOur 1-Bed: Beauty, Comfort, and What a Deal!1BR,1BA$630
Altitude 405The Bricktown1BR,1BA$631
Raintree Meadows ApartmentsEFF1BR,1BA$639

Best Value Apartments for Rent in Oklahoma City, OK

As of January 15, 2026 the best value apartment in the Oklahoma City area is the $0.75 price per square foot Three Bed Model at The Villas at Choctaw Creek in the in the Outer Midwest City neighborhood starting from $946. The second greatest value Oklahoma City apartment is the B2 Model at Vintage at 50th starting at $1,040 with a $0.86 price per square foot in the Suburban Northside neighborhood. 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.
The Villas at Choctaw CreekThree Bed3BR,2BA$0.75
Vintage at 50thB22BR,2BA$0.86
Hillcrest Residences3bed x 1.5bath **Exciting New Management Specia...3BR,1.5BA$0.81
1100 NW 27th St.2BR/1.0BA2BR,1BA$0.88
Carmel Terrace05F - 2 Bed /1.5 Bath2BR,1.5BA$0.81
Amberwood Apartments2 Bed2BR,1BA$0.74
Chelsea Manor is the place for you!2 Bed, 1 Bath2BR,1BA$0.83
Crestpark ApartmentsImmediate move-in available!!1BR,1BA$0.81
Mission Place ApartmentsTwo Bedroom2BR,1BA$0.88
Verde Vista1 Bed, 1 Bath1BR,1BA$0.84

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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 Oklahoma City

What type of rentals are currently available in Oklahoma City?

There are currently 1520 Apartments for Rent in Oklahoma City, OK with pricing that ranges from $420 to $15,010. There are also 1896 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oklahoma City ranging from $585 to $10,000.

What is the current price range for Rental Homes in Oklahoma City?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oklahoma City ranges from $585 to $10,000 with an average monthly rent of $1,553.

How much are larger Three and Four Bedroom Rentals in Oklahoma City?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Oklahoma City range from $789 to $11,565, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $10,000. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $599.

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.

Articles, How-To's, and Tips

decorative image for Oklahoma Citys Hidden Gems: Your Guide to Finding the Perfect Affordable Neighborhood to Rent article

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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.