Cheap Apartments for Rent in Velma, OK from $400 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in Velma.

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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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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Lane Stone Apartments
1 to 2 Bedroom Apartments

Lane Stone Apartments

4733 NW Motif Manor BlvdLawton, OK 73505
  • Utilities Included
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Copper Ridge
1 to 2 Bedroom Apartments

Copper Ridge

4751 NW Motif Manor BlvdLawton, OK 73505
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Bella Vista Apartments
1 to 2 Bedroom Apartments

Bella Vista Apartments

1306 NW Irwin AveLawton, OK 73507
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1410 NW Taylor Ave
1 to 2 Bedroom Apartments

1410 NW Taylor Ave

1410 NW Taylor AveLawton, OK 73507

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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Huntington Falls
1 to 3 Bedroom Apartments

Huntington Falls

1201 L St NEArdmore, OK 73401

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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Ross Estates
1 to 2 Bedroom Apartments

Ross Estates

7301 SW Lee BlvdLawton, OK 73505
Corporate Housing
  • Utilities Included
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Summit Living
2 Bedroom Apartments

Summit Living

2302 NW 38th StLawton, OK 73505
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Velma, OK Local Guide

Cheapest Available Velma Apartments for Rent and Nearby

 

The cheapest available apartment rental in Velma, OK is a 1 Bed unit found at Arrow Motel Extended Stay priced from $195. Avalon of Lawton has the second lowest priced unit, which is a 1 Bed apartment currently listed from $500. Here is today’s list of the most affordable Velma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arrow Motel Extended StayWeekly Rental1BR,1BA$195
Avalon of Lawton1 bedroom - Floor Plan 21BR,1BA$500
Lawton Courtyard Apartments1x11BR,1BA$525
Camden Apartments and Townhomes1 bedroom, 1 bath small1BR,1BA$535
Ozmun Apartments1 BEDROOM1BR,1BA$595
Regency Apartments1 Bed1BR,1BA$600
Essa ViewA11BR,1BA$625
Bison Ridge Apartments1 Bed / 1 Bath1BR,1BA$630
Candlewood ApartmentsExperience the Candlewood Lifestyle Apartment 7082BR,1BA$695
Avendale PointeCozy & Convenient One-Bedroom, One-Bathroom Apa...1BR,1BA$695

Best Value Apartments for Rent in Velma, OK and Nearby

As of May 01, 2026 the best value apartment in the Velma area is the $0.86 price per square foot Academic Heights Model at Fort Sill On Post Housing in the starting from $2,150. The second greatest value Velma apartment is the Downstairs 2Bed Model at Pecan Valley Apartments starting at $1,095 with a $0.94 price per square foot . Here is today’s list of the best values for Velma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fort Sill On Post HousingAcademic Heights3BR,3BA$0.86
Pecan Valley ApartmentsDownstairs 2Bed2BR,2BA$0.94
Ross EstatesTwo Bedroom One Bathroom2BR,1BA$0.89
Timbers2 Bedroom2BR,1BA$0.97
Fox ValleySpacious 2-Bedroom 1-Bathroom Apartment Near Fo...2BR,1BA$0.94
Candlewood ApartmentsAPT 305 Charming 2-Bedroom, 1-Bath Apartment Co...2BR,1BA$0.87
Bison Ridge Apartments1 Bed / 1 Bath1BR,1BA$0.93
Regency Apartments1 Bed1BR,1BA$0.91
Lawton Courtyard Apartments1x11BR,1BA$0.81
Avalon of Lawton1 bedroom - Floor Plan 21BR,1BA$0.97

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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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Velma, OK

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Velma Apartments

How much is rent for a Cheap One Bedroom Velma Apartment?

The lowest price for a Cheap One Bedroom Velma Apartment is $195 at Arrow Motel Extended Stay.

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

Today's best deal for a Cheap Two Bedroom Apartment in Velma is starting from $250 at Arrow Motel Extended Stay.

What is the most affordable Velma Three Bedroom Apartment?

The best deal on a cheap Velma Three Bedroom Apartment rental is at Essa View and starts from $795.

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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

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

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Maximizing Your Refund: Essential Tax Tips for Renters

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.