Cheap Apartments for Rent in the Musgrave Pennington Neighborhood of Oklahoma City, OK from $400 (78 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Musgrave Pennington 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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3509 N Nesbitt Ave
Rent Specials
$745 - $845
Total Monthly Price

Total Monthly Price

Base Rent
$745 - $845
Total Monthly Price
$745 - $845
1 to 2 Bedroom Apartments Available Now

3509 N Nesbitt Ave

3509 N Nesbitt AveOklahoma City, OK 73112
Affordability
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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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Woodward Manor
1 Bedroom Apartments

Woodward Manor

3336 NW 12th StOklahoma City, OK 73107
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Glen Apartments
1 to 2 Bedroom Apartments

Glen Apartments

5924 NW 10th StOklahoma City, OK 73127
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The Nomad Apartments
1 to 2 Bedroom Apartments

The Nomad Apartments

3100 NW 36th StOklahoma City, OK 73112
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Wentwood At Macarthur
1 to 3 Bedroom Apartments

Wentwood At Macarthur

5001 NW 10th AveOklahoma City, OK 73127
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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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West Pointe
1 Bedroom Apartments

West Pointe

5824 NW 34th StOklahoma City, OK 73122
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Hunter's Landing
Studio to 2 Bedroom Apartments

Hunter's Landing

2909 NW 31st StOklahoma City, OK 73112
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Auburn Lane Apartments
1 to 3 Bedroom Apartments

Auburn Lane Apartments

6013 NW 10th StOklahoma City, OK 73127
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The Garden Apartments
Studio to 2 Bedroom Apartments

The Garden Apartments

1613 N Macarthur BlvdOklahoma City, OK 73127
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Meridian Mansions
1 to 2 Bedroom Apartments

Meridian Mansions

1309 N Meridian AveOklahoma City, OK 73107
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Woodbrier Apartments
1 to 2 Bedroom Apartments

Woodbrier Apartments

5522 Woodbrier DrOklahoma City, OK 73122
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Mira Vista
1 to 2 Bedroom Apartments

Mira Vista

4750 NW 23rd StOklahoma City, OK 73127
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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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Heritage House
1 to 2 Bedroom Apartments

Heritage House

1307 N Meridian AveOklahoma City, OK 73107
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Parkridge Apartments
1 Bedroom Apartments

Parkridge Apartments

3033 N Grand BlvdOklahoma City, OK 73107
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Windsor Village
1 to 3 Bedroom Apartments

Windsor Village

2500 N Sterling AveOklahoma City, OK 73127
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Lamplight Apartments
1 to 3 Bedroom Apartments

Lamplight Apartments

5811 NW 34th StOklahoma City, OK 73122
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Vines at Eleanor
1 to 2 Bedroom Apartments

Vines at Eleanor

2600-2620 N Meridian AveOklahoma City, OK 73107
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Wes-Chase Apartments
1 to 2 Bedroom Apartments

Wes-Chase Apartments

5509 NW 23rd StOklahoma City, OK 73127
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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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Showing Results 1-50, Page 1 of 2

Musgrave Pennington, Oklahoma City, OK Local Guide

Cheapest Available Musgrave Pennington Apartments for Rent

 

The cheapest available apartment rental in the Musgrave Pennington area of Oklahoma City, OK is a 1 Bed unit found at Newport Granada Apartments priced from $680. Peartree Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. Here are the most affordable Musgrave Pennington apartments for rent in Oklahoma City, OK:

Apartment ListingModel NameBed/BathPriced From
Newport Granada Apartments1 Bed, 1 Bath1BR,1BA$680
Peartree ApartmentsOne Bed One Bath1BR,1BA$680
Club One - Aarons Courtyard1 bed 1 bath1BR,1BA$695
HudsonStudioStudio,1BA$695
Summerplace Apartments1+1 Up1BR,1BA$699
Amberwood Apartments2 Bed2BR,1BA$700
Mission Place ApartmentsOne Bedroom1BR,1BA$700
Crestpark ApartmentsImmediate move-in available!!1BR,1BA$725
Woodscape ApartmentsJunior Renovated1BR,1BA$750
Diamond Trail Apartments1 Bedroom 1 Bathroom1BR,1BA$799

Best Value Apartments for Rent in Musgrave Pennington, OK

As of April 27, 2026 the best value apartment in the Musgrave Pennington area is the $0.98 price per square foot 2 Bedroom 1 Bath Model at MacArthur Crossing in the in the Meridian Avenue Hospitality Corridor neighborhood starting from $950. The second greatest value Musgrave Pennington apartment is the 2 Bed Model at Amberwood Apartments starting at $700 with a $0.74 price per square foot in the Warr Acres neighborhood. Here is today’s list of the best values for Musgrave Pennington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
MacArthur Crossing2 Bedroom 1 Bath2BR,1BA$0.98
Amberwood Apartments2 Bed2BR,1BA$0.74
Crestpark ApartmentsImmediate move-in available!!1BR,1BA$0.81
3509 N Nesbitt Ave2 Bedroom2BR,1BA$1.01
Summer OaksA1 R1BR,1BA$1.05
The Pointe at 23rd Apartments2 Bedroom2BR,1BA$1.13
Summerplace Apartments1+1 Down1BR,1BA$0.93
Club One - Aarons Courtyard1 bed 1 bath1BR,1BA$0.97
Mission Place ApartmentsOne Bedroom1BR,1BA$1.03
Peartree ApartmentsOne Bed One Bath1BR,1BA$1.05

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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
Musgrave Pennington, Oklahoma City, OK

Ranked #171

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Musgrave Pennington, Oklahoma City, OK

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Oklahoma, including Oklahoma City. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, apartment complexes for the kids, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Musgrave Pennington Apartments

What is a cheap apartment in Musgrave Pennington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Musgrave Pennington is under $799.

What is the price of a cheap apartment in Musgrave Pennington?

The cheapest apartment in Musgrave Pennington is Newport Granada Apartments which is listed at $680, while the average apartment in Musgrave Pennington costs $1,357.

What types of apartments are the cheapest in Musgrave Pennington?

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 16 regular apartments in Musgrave Pennington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.