Oklahoma City Apartments: Temperature Differences by Unit - Oklahoma City - 1

From my long observation of the Oklahoma City rental market, there was a time when location was prioritized over the number of rooms. Before the downtown redevelopment took off, the price differences by unit size were not as pronounced as they are now. Nowadays, the rental and square footage differences from studios to three-bedroom units have become quite significant, leading to an increase in factors to consider when choosing a unit.

According to RentCafe data, a studio in Oklahoma City averages $843 for 471 sqft, while a one-bedroom averages $962 for 707 sqft. A two-bedroom is around $1,132 for 990 sqft, and a three-bedroom is about $1,419 for 1,276 sqft. The overall average rent in the city is $1,067, which is still relatively low compared to the national average.

The first item to check is the rental gap by unit type. The difference when moving from a studio to a one-bedroom is $119, but the gap increases to $170 when moving from a one-bedroom to a two-bedroom, and $287 when going from a two-bedroom to a three-bedroom. This gap was not as large in the past, but it seems to have widened in recent years due to the relatively slow supply of larger units.

The second item to consider is the proportion of new construction. Recently, Oklahoma City has seen a trend of new developments focused on one-bedroom units, particularly around downtown and Bricktown. As the influx of young professionals and single-person households increases, developers are clearly concentrating on smaller units. In contrast, three-bedroom units are more commonly found in suburban townhouses or single-family home rentals rather than new apartments.

The third aspect is the differentiation of demand. Studios and one-bedrooms are primarily sought after by college students, new professionals, and single immigrants. Two-bedrooms are preferred by roommate shares, newlyweds, and families needing a home office for remote work. Three-bedrooms cater mainly to families with children or multi-generational households caring for parents.

  • Studio: approximately $843 / 471 sqft
  • One-bedroom: approximately $962 / 707 sqft
  • Two-bedroom: approximately $1,132 / 990 sqft
  • Three-bedroom: approximately $1,419 / 1,276 sqft

Having observed these trends for a long time, I feel that Oklahoma City is still one of the few cities where moving up a unit size is not a significant burden. However, the transition to a three-bedroom is becoming more costly, so it's safer to review recent price trends rather than rush to judgment.

If you are a Korean household, I recommend starting with a one-bedroom or two-bedroom during the initial settling phase, checking school districts and community accessibility first, and then moving to a three-bedroom as your children grow. Rather than hastily signing a lease for a larger unit, it may be particularly advantageous in this city to recognize the widening gaps and plan your budget accordingly.