Cheap Apartments for Rent in the Lake Hefner Neighborhood of Oklahoma City, OK from $500 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Hefner area of Oklahoma City.

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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X-Vines
1 to 2 Bedroom Apartments

X-Vines

1119-1121 NW 82nd StOklahoma City, OK 73114
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Summit Condominiums
Studio to 2 Bedroom Apartments

Summit Condominiums

11510 N May AveOklahoma City, OK 73120
  • Utilities Included
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The Legacy on Penn
1 to 3 Bedroom Apartments

The Legacy on Penn

1123 N Pennsylvania AveOklahoma City, OK 73120
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Grouse Run Apartments
1 to 2 Bedroom Apartments

Grouse Run Apartments

2401 NW 122nd StOklahoma City, OK 73120
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Quail Plaza OK City
Studio to 2 Bedroom Apartments

Quail Plaza OK City

11004 N May AveOklahoma City, OK 73120
  • Utilities Included

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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Aspen Way Apartments
1 to 2 Bedroom Apartments

Aspen Way Apartments

1000 NW 88th StOklahoma City, OK 73114
  • Utilities Included
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2810 Dorchester Dr
2 Bedroom Apartments

2810 Dorchester Dr

2810 Dorchester DrOklahoma City, OK 73120
Student Housing
Showing Results 1-31, Page 1 of 1

Lake Hefner, Oklahoma City, OK Local Guide

Cheapest Available Lake Hefner Apartments for Rent

 

The cheapest available apartment rental in the Lake Hefner area of Oklahoma City, OK is a 1 Bed unit found at Penn Station priced from $690. Quail Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $710. Here are the most affordable Lake Hefner apartments for rent in Oklahoma City, OK:

Apartment ListingModel NameBed/BathPriced From
Penn StationA11BR,1BA$690
Quail RidgeA2 Traditional1BR,1BA$710
RaindanceE1UStudio,1BA$721
The Avery Oklahoma CityA1R1BR,1BA$738
The Arden NorthwestA1R1BR,1BA$795
North Village1 X 1 (LIHTC 60%) without rental assistance1BR,1BA$799
Residences at LakeshoreLS 1A1BR,1BA$799
Quail Run ApartmentsQuail Run 1 bedroom 750sqft Silver1BR,1BA$799
Aspen Place1x1 B Upgrade1BR,1BA$799
Shelton Village ApartmentsOne Bedroom, One Bathroom WITH Washer/Dryer Con...1BR,1BA$800

Best Value Apartments for Rent in Lake Hefner, OK

As of December 14, 2025 the best value apartment in the Lake Hefner area is the $1.02 price per square foot C3 3 Ded 2.5 Bath Model at Garden Gate in the in the Suburban Northside neighborhood starting from $1,688. The second greatest value Lake Hefner apartment is the LS 3T Model at Residences at Lakeshore starting at $1,299 with a $1.08 price per square foot in the Suburban Northside neighborhood. Here is today’s list of the best values for Lake Hefner apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Garden GateC3 3 Ded 2.5 Bath3BR,2.5BA$1.02
Residences at LakeshoreLS 3T3BR,1.5BA$1.08
The North Shore ApartmentsDeluxe - B2 The Laguna2BR,2BA$1.10
North Pointe Townhomes$100 Deposit, Winter Promotion! Affordable Hous...2BR,2BA$1.05
Aspen Place2x1 Upgrade2BR,1BA$0.91
Wedgewood VillageA2 R1BR,1.5BA$1.12
Shelton Village ApartmentsOne Bedroom, One Bathroom WITH Washer/Dryer Con...1BR,1BA$1.07
The Avery Oklahoma CityA1R1BR,1BA$0.99
North Village1 X 1 (LIHTC 60%) without rental assistance1BR,1BA$1.08
The Cottages at Hefner RoadLUXURY 1B/1.5B LOFT1BR,1.5BA$1.18

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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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
Lake Hefner, Oklahoma City, OK

Ranked #11

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Lake Hefner Neighborhood in Oklahoma City, OK

Walk Score®

66 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lake Hefner Apartments

What is the Cheapest Studio apartment in Lake Hefner?

Currently the most affordable Cheap Studio Apartment in Lake Hefner is at Raindance listed at $721.

How much is rent for a Cheap One Bedroom Lake Hefner Apartment?

The lowest price for a Cheap One Bedroom Lake Hefner Apartment is $690 at Penn Station.

What is the lowest price for a Cheap Two Bedroom Lake Hefner Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Hefner is starting from $791 at Penn Station.

What is the most affordable Lake Hefner Three Bedroom Apartment?

The best deal on a cheap Lake Hefner Three Bedroom Apartment rental is at Shelton Village Apartments and starts from $1,050.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!