Cheap Homes for Rent in the Musgrave Pennington Neighborhood of Oklahoma City, OK from $850 (29 Rentals)

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Search the lowest-cost Homes available for rent right now in the Musgrave Pennington area of Oklahoma City.

Live Close to Work: Prime Oklahoma City Neighborhoods to Rent Near Top Job Providers (Integris Health, Hobby Lobby, Boeing, Amazon)

Find quality, affordable apartments with short commutes in Oklahoma City by exploring the best neighborhoods near the city’s major employers. Discover apartments that are well within your budget, close to work, major freeways (I-40, I-44), and local recreation spots like Lake Hefner.

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 4324 NW 16th St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

4324 NW 16th St

Oklahoma CityOK73107
property at 2513 NW 11th St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

2513 NW 11th St

Oklahoma CityOK73107

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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property at 3615 N Drexel Blvd

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

2 Bedroom, 1.5 Bath Townhome for Rent

Available Jun 2, 2027

3615 N Drexel Blvd, Unit 3613

3615 N Drexel Blvd
Oklahoma CityOK73112
property at 3029 NW 46th St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195

3 Bedroom, 2 Bath Home for Rent

Available Now

3029 NW 46th St

Oklahoma CityOK73112

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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Showing Results 1-29, Page 1 of 1

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 Verde Vista priced from $690. Club One - Aarons Courtyard has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Musgrave Pennington apartments for rent in Oklahoma City, OK:

Apartment ListingModel NameBed/BathPriced From
Verde Vista1 Bed, 1 Bath1BR,1BA$690
Club One - Aarons Courtyard1 bed 1 bath1BR,1BA$695
HudsonStudioStudio,1BA$695
Summer Place Apartments1+1 Up1BR,1BA$699
Amberwood Apartments2 Bed2BR,1BA$700
Crestpark ApartmentsImmediate move-in available!!1BR,1BA$725
Diamond Trail Apartments1 Bedroom 1 Bathroom1BR,1BA$739
Woodscape ApartmentsJunior Renovated1BR,1BA$750
MacArthur Crossing1 Bedroom 1 Bath1BR,1BA$750
Newport Granada Apartments1 Bed, 1 Bath1BR,1BA$855

Best Value Apartments for Rent in Musgrave Pennington, OK

As of August 25, 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 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.
Josephine's Plaza2 Bedroom 2 Bath2BR,2BA$1.17
Amberwood Apartments2 Bed2BR,1BA$0.74
Fairground FlatsCounty2BR,1BA$1.31
Crestpark ApartmentsImmediate move-in available!!1BR,1BA$0.81
Summer OaksA1 R1BR,1BA$1.05
Verde Vista1 Bed, 1 Bath1BR,1BA$0.90
Summer Place Apartments1+1 Down1BR,1BA$0.93
Club One - Aarons Courtyard1 bed 1 bath1BR,1BA$0.97
MacArthur Crossing1 Bedroom 1 Bath1BR,1BA$1.11
Diamond Trail Apartments1 Bedroom 1 Bathroom1BR,1BA$1.24

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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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 #196

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

Frequently Asked Questions about Musgrave Pennington

What type of rentals are currently available in Musgrave Pennington?

There are currently 128 Apartments for Rent in Musgrave Pennington, OK with pricing that ranges from $550 to $1,687. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Musgrave Pennington ranging from $850 to $2,250.

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 $850 to $2,250 with an average monthly rent of $1,300.

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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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.

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The Best of OKC Living: Your Local Expert's 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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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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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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Rent According to Income: A Look at Income-Restricted Rentals

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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