Average Rent in Oklahoma: ZIPs, Buyer Taxes & Apartment Supply

What the rent evidence changes for a rental decision

Match the subject’s lease-up competition and obtain an assessor-supported buyer valuation, classification and tax year. Test the full projected bill before using a statewide rent benchmark to justify the purchase.

Tulsa apartments

Higher occupancy coexists with more unfinished supply

Colliers’s Q2-labeled Tulsa market-trend bullets report 80 deliveries, 1,774 units underway and 96.2% occupancy, with improvement mainly among Class B assets. The page’s opening paragraph refers to the first quarter; this guide uses the explicitly Q2-labeled bullets without calculating a sequential change.

Tulsa’s larger pipeline than OKC’s is a reason to map the subject’s coming competition despite strong reported occupancy. An under-construction unit is not an available rental, and a metro occupancy percentage is not a property-specific loss allowance.

Decision. Review the delivery calendar in the actual competitive submarket and match unit type and price tier. Keep a no-growth rent case and an additional unavailable month in the budget rather than importing Tulsa’s occupancy as a collection forecast.

What could change it. Construction can be delayed or serve a different tenant. Conversely, a cluster of nearby completions can put the subject under pressure that the citywide occupancy measure has not yet captured.

Records to obtain. Competing property addresses, dated construction/availability records, matching signed leases and subject renewal/receipt history.

Read the source reports

• Colliers Tulsa multifamily Q2 2026 — Published July 28, 2026; Q2 labeled market-trend bullets; opening paragraph says first quarter, so no Q1-to-Q2 change inferred; read October 24, 2026.

Compare rents across these county groups

These analyst-selected sets use the listed county labels and the same September 2026 observation month. Each ZIP receives one equal vote. They are not official metro definitions, exhaustive regions or bedroom comparisons.

27 distinct county labels appear in the current sample; geographic coverage is incomplete and uneven. Only currently available observations from the same latest month enter these comparisons. Older retained records and missing ZIPs do not enter as zero rents.

Does a buyer-supported bill leave enough annual cash?

Hypothetical unit: $1,300 rent, 5% vacancy/noncollection, no free month, $6,500 operating expenses ($2,750 illustrative tax plus $3,750 other costs), $6,500 debt and $1,000 replacement reserve. Inputs are assumptions, not market quotations. Acquisition cash, initial repairs and income taxes are separate.

Initial calculated result: $14,820 collected rent, $8,320 NOI before debt/reserves, and $820 cash after debt/reserves. Change the assumptions below to test your own budget.

Continue with the right geography and tool

• Oklahoma County market overview — Separate county screening from the actual parcel, municipality and taxing districts.
• Tulsa County overview — Continue Tulsa comparison without treating OKC and Tulsa as one leasing cohort.
• Multifamily rental calculator — Replace assumed expenses, leases and financing with the actual acquisition records.
• ZIP and bedroom HUD rent reference — a different measure from asking-rent ZORI; a PHA must still establish its payment standard and approve the actual contract.
• Property income calculator — use signed comparables and actual expenses for the subject property.

Oklahoma rent questions

How these rent figures are calculated

State: Oklahoma · USPS OK · Census state FIPS 40. Zillow supplies postal ZIP observations with city and county labels. We filter to valid positive rents in this state and the latest common observation month, sort the values, and take the middle value, or the mean of the two middle values for an even count. Means are the sum divided by included ZIPs. No population, household or rental-unit weighting is added.

The all-home, all-bedroom ZIP series is smoothed, not seasonally adjusted. A bedroom rent cannot be inferred from it. Membership can change after a refresh, so a change in this page’s median is not a matched-sample rent-growth rate. This edition does not publish a ZIP-sample growth claim.

Data: Zillow Research · ZORI method · National ZIP source CSV. The state benchmark is our ZIP-based calculation, not a provider-published statewide estimate. Occupied-unit Census rent, listing medians, effective broker rents and HUD gross-rent references answer different questions and are not blended here.

The observation month identifies the rent data available for this comparison. Historical or missing latest observations stay out of the current sample. Check the date before comparing a property with a newly advertised offer.

Market and legal sources below were reviewed 2026-10-24. Their own periods are shown next to each claim. Broker samples and boundaries are not fully disclosed; surveys may share underlying providers and should not be treated as independent experiments. The market interpretation is conditional research, not a property-level income guarantee. Recheck local rules, signed comparable leases and actual expenses before using an illustration in a transaction.