
Cheap Homes for Rent in the Musgrave Pennington Neighborhood of Oklahoma City, OK from $600 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Musgrave Pennington area of Oklahoma City.


2533 1/2 NW 39th Terrace

1233 N Grand Blvd

Furnished Studio-Oklahoma City - Bethany

1207 N Ross Ave, Unit 1

2820 NW 23rd St
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.

3024 NW 14th St

2943 Pioneer Ave

3147 NW 15th St

3116 NW 32nd St

2514 NW 11th St

2415 N Linn Ave
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

2115 N Linn Ave
Musgrave Pennington, Oklahoma City, OK Local Guide

How much does it cost to rent a home in Musgrave Pennington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Musgrave Pennington 2 Bedroom Homes for Rent | $1,148 | $850 | $1,800 |
| Musgrave Pennington 3 Bedroom Homes for Rent | $1,360 | $1,050 | $2,400 |
| Musgrave Pennington 4 Bedroom Homes for Rent | $1,817 | $1,200 | $2,500 |
| Musgrave Pennington 5 Bedroom Homes for Rent | $1,750 | $1,750 | $1,750 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Musgrave Pennington Neighborhood of Oklahoma City, OK.
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Musgrave Pennington, Oklahoma City, OK Local Guide
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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. Verde Vista has the second lowest priced unit, which is a 1 Bed apartment currently listed from $690. Here are the most affordable Musgrave Pennington apartments for rent in Oklahoma City, OK:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Newport Granada Apartments | 1 Bed, 1 Bath | 1BR,1BA | $680 |
| Verde Vista | 1 Bed, 1 Bath | 1BR,1BA | $690 |
| Club One - Aarons Courtyard | 1 bed 1 bath | 1BR,1BA | $695 |
| Hudson | Studio | Studio,1BA | $695 |
| Summer Place Apartments | 1+1 Up | 1BR,1BA | $699 |
Best Value Apartments for Rent in Musgrave Pennington, OK
As of July 10, 2026 the best value apartment in the Musgrave Pennington area is the $1.17 price per square foot 2 Bedroom 2 Bath Model at Josephine's Plaza in the in the Suburban Northside neighborhood starting from $1,350. The second greatest value Musgrave Pennington apartment is the 1207 N Ross Ave Model at 1207 N Ross Ave, Unit 3 starting at $950 with a $1.00 price per square foot in the Meridian Avenue Hospitality Corridor neighborhood. Here is today’s list of the best values for Musgrave Pennington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Josephine's Plaza | 2 Bedroom 2 Bath | 2BR,2BA | $1.17 |
| 1207 N Ross Ave, Unit 3 | 1207 N Ross Ave | 2BR,1BA | $1.00 |
| Amberwood Apartments | 2 Bed | 2BR,1BA | $0.74 |
| Crestpark Apartments | Immediate move-in available!! | 1BR,1BA | $0.81 |
| Summer Oaks | A1 R | 1BR,1BA | $1.05 |
| Verde Vista | 1 Bed, 1 Bath | 1BR,1BA | $0.90 |
| Summer Place Apartments | 1+1 Down | 1BR,1BA | $0.93 |
| Club One - Aarons Courtyard | 1 bed 1 bath | 1BR,1BA | $0.97 |
| MacArthur Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $1.11 |
| Newport Granada Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1.16 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleMusgrave Pennington, Oklahoma City, OK
Ranked #170
Among cities in Oklahoma for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Musgrave Pennington, Oklahoma City, OK
Northwest Classen High School
School data provided by Great Schools
Frequently Asked Questions about Musgrave Pennington
What type of rentals are currently available in Musgrave Pennington?
There are currently 124 Apartments for Rent in Musgrave Pennington, OK with pricing that ranges from $550 to $1,687. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Musgrave Pennington ranging from $650 to $2,500.
What is the current price range for Rental Homes in Musgrave Pennington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Musgrave Pennington ranges from $650 to $2,500 with an average monthly rent of $1,406.
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.
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