Analysis

Tulsa, OK Rent Report: Market Rent vs. HUD Fair Market Rent by ZIP

Oct 6, 20263 min read

The median of the 23 tracked ZIP-level rent indices for Tulsa is $1,311 a month; the newest ZIP observation is July 2026. This is an unweighted summary of ZIP indices, not a citywide rent estimate. ZIP 74136 has the lowest index at $889 and ZIP 74114 the highest at $1,589. Unit mix, observation dates and coverage can differ.

Across Tulsa County, typical rent is $1,373 as of August 2026. That is up 3.5% from a year earlier and up 26.6% over five years.

HUD's FY2027 Fair Market Rent for a two bedroom in Tulsa County is $1,229. HUD marks this area for Small Area FMRs; check the applicable ZIP and housing authority schedule. In 9 of 23 tracked Tulsa ZIPs, the two-bedroom HUD reference exceeds the all-size rent index. This comparison does not establish what a voucher tenancy will pay for a particular unit.

This report compares ZIP-level rent indices and bedroom-specific HUD references for Tulsa, OK. The tables read our loaded Zillow and HUD data. Neither measure establishes an individual property's market rent or an approved voucher rent.

Market rent and voucher rent by ZIP code in Tulsa

Each row is one tracked ZIP code. The last column compares a two-bedroom HUD reference with Zillow's all-size rent index. A positive number is not a matched-unit premium or proof that a voucher tenancy can support more rent. Check bedroom-matched comparable rentals and the authority's adopted schedule separately.

ZIP codeAll-size ZORIZORI monthHUD 2BR referenceHUD 3BR referenceHUD basis / year2BR reference vs ZORI
74103$1,330July 2026$1,560$2,050ZIP SAFMR / FY2027+17.3%
74104$1,587July 2026$1,380$1,810ZIP SAFMR / FY2027-13.0%
74105$1,494July 2026$1,270$1,660ZIP SAFMR / FY2027-15.0%
74106$1,234July 2026$1,090$1,430ZIP SAFMR / FY2027-11.7%
74107$1,162July 2026$1,210$1,590ZIP SAFMR / FY2027+4.1%
74110$1,136July 2026$1,060$1,390ZIP SAFMR / FY2027-6.7%
74112$1,318July 2026$1,260$1,650ZIP SAFMR / FY2027-4.4%
74114$1,589July 2026$1,500$1,970ZIP SAFMR / FY2027-5.6%
74115$1,101July 2026$1,090$1,430ZIP SAFMR / FY2027-1.0%
74119$1,335July 2026$1,350$1,770ZIP SAFMR / FY2027+1.1%
74120$1,385July 2026$1,230$1,610ZIP SAFMR / FY2027-11.2%
74126$1,145July 2026$1,220$1,600ZIP SAFMR / FY2027+6.6%
74127$1,244July 2026$1,190$1,560ZIP SAFMR / FY2027-4.3%
74128$1,311July 2026$1,230$1,610ZIP SAFMR / FY2027-6.2%
74129$1,493July 2026$1,100$1,440ZIP SAFMR / FY2027-26.3%
74132$1,575July 2026$1,340$1,760ZIP SAFMR / FY2027-14.9%
74133$1,133July 2026$1,490$1,950ZIP SAFMR / FY2027+31.5%
74134$1,396July 2026$1,160$1,520ZIP SAFMR / FY2027-16.9%
74135$1,476July 2026$1,200$1,570ZIP SAFMR / FY2027-18.7%
74136$889July 2026$1,240$1,630ZIP SAFMR / FY2027+39.5%
74137$1,164July 2026$1,420$1,860ZIP SAFMR / FY2027+22.0%
74145$1,130July 2026$1,230$1,610ZIP SAFMR / FY2027+8.8%
74146$1,000July 2026$1,150$1,510ZIP SAFMR / FY2027+15.0%

Market rent is the Zillow Observed Rent Index, which covers all unit sizes. Dates and HUD geography are shown for each row.The percentage compares a bedroom-specific HUD reference with an all-size index; it is not a matched-unit premium, an adopted payment standard or an approved rent. Check bedroom-matched comps, the authority's schedule and utility allowance before underwriting.

For the plain average and the full ZIP list, see average rent in Tulsa by ZIP code.

HUD Fair Market Rents for Tulsa County

HUD Fair Market Rent is a gross-rent reference that includes tenant-paid utilities. It is not the housing authority's adopted payment standard or an approval for a particular unit. Confirm the applicable schedule, utility allowance and rent-reasonableness review with the administering authority.

Unit sizeFY2027 Fair Market RentChange from FY2026
Studio$947+1.5%
1 bedroom$1,007+2.0%
2 bedroom$1,229+1.0%
3 bedroom$1,611+0.6%
4 bedroom$1,882+1.3%

Tulsa County, HUD fiscal year 2027. Source: HUD Fair Market Rents. These are the latest figures loaded into RentalCalcs, not an authority's adopted payment standards or a rent approval.

If you have not worked with these numbers before, how Section 8 rent is calculated walks through payment standards, utility allowances and the tenant's share.

How rents in Tulsa County have moved

Observation monthAll-home-types ZORIChange from prior row
December 2015$855Not available
December 2016$865+1.2%
December 2017$880+1.7%
December 2018$898+2.0%
December 2019$930+3.6%
December 2020$992+6.7%
December 2021$1,140+15.0%
December 2022$1,197+5.0%
December 2023$1,263+5.4%
December 2024$1,305+3.4%
December 2025$1,340+2.7%
August 2026$1,373+2.4%

Tulsa County typical rent, last published month of each year. Source: Zillow Observed Rent Index (all home types, smoothed and seasonally adjusted), refreshed monthly. A partial-year observation compared with the prior December is not a same-month year-over-year change.

What this means if you own a rental in Tulsa

  • Check the local comparison set. The highest tracked ZIP index is 78.7% above the lowest. Check unit type and bedroom-matched comps before using that spread to price a property.
  • Verify the voucher calculation independently. HUD references and all-size ZORI describe different things. Obtain the housing authority's payment standard and utility allowance, then check rent reasonableness for the actual unit. The table cannot determine a voucher premium, turnover rate or collection outcome.
  • Test the deal without future rent increases. County rents are up 3.5% from a year ago. That observation does not establish the increase available on a particular lease. Compare a flat-rent case before choosing a growth assumption.

To test a specific property, run it through the Section 8 rent analyzer, which compares voucher rent and market rent for your ZIP and unit size. The Oklahoma HUD-to-rent-index comparison provides broader research context; its ratios do not establish property-level premiums.

Where these numbers come from

  • Market rent: the Zillow Observed Rent Index by ZIP code, refreshed monthly. It blends all unit sizes, so compare it with voucher figures as a guide and not as a like for like two bedroom rent.
  • Fair Market Rents and Small Area FMRs: HUD User, published each fiscal year.
  • County rent history: Zillow rent data, last reading of each calendar year.

Confirm the current payment standard, utility allowance and applicable rules with the administering housing authority before underwriting a voucher tenancy. Use matched comparable rentals for the market-rent assumption.

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