Oklahoma City's rental market gains momentum as concessions ease and leasing speeds up
By
Rental Beast
The quarter at a glance:
Rents climbed across most unit types, led by single-family homes at +3.1% quarter-over-quarter
Concessions eased to 34.5% of listings from 41.5% in Q1
Days on market fell to 20 (from 24), down 16.7% quarter-over-quarter
The rent-vs-buy gap ticked up to $674/month from $631, a modest widening of the ownership premium
Median Rent by Unit Type
Rent growth was broad-based in Q2, with nearly every property type posting gains and single-family homes leading the market with a 3.1% increase.
Oklahoma City, OK · Q2 2026
Median rent by property type
Bars show YoY % change
1BD
+3.0%
$850
2BD
+0.1%
$1,000
3BD
+2.8%
$1,490
SF
+3.1%
$1,495
MF
+1.7%
$955
Quarter over quarter: 1BD +2.4%, 2BD 0.0%, 3BD +2.8%, SF +3.1%, MF +0.6%Rental Beast
Concessions & Days on Market
Concessions fell from 41.5% to 34.5% of listings while properties leased more quickly, signaling improving market conditions.
Oklahoma City, OK · Q2 2026
Concessions and days on market
34.5%
of listings offer a concession down from 41.5% last quarter (down 4.7% YoY) National median: 39.9%
Median days on market
All
20
SF
18
MF
23
All -16.7% (SF -28.0%, MF +0.0%) quarter over quarter
National median: All 22 / SF 20 / MF 24
Rental Beast
Property Managers Market Sentiment
Property managers became significantly more optimistic about rent growth, while applicant activity remained steady, consistent with the market's broad-based improvement this quarter.
Oklahoma City, OK · Q2 2026
Market sentiment
Do you expect rent prices to increase, decrease, or remain the same over the next 6 months?
50%
Remain the same, 50%
IncreaseDecreaseRemain the same
vs. Q1 2026: 26% increase, 0% decrease, 74% remain the same
Are you currently getting more, fewer, or about the same applicants for your available rentals?
9%
About the same, 91%
FewerMoreAbout the same
vs. Q1 2026: 15% fewer, 17% more, 68% about the same
Rent vs. buy: the gap widens again
Owning now costs $674 more per month than renting, up modestly from $631 in Q1. Although buying became modestly more expensive this quarter, renting continues to offer a meaningful affordability advantage across the Oklahoma City market.
Oklahoma City, OK · Q2 2026
Rent vs. buy
Rent
$1,490
Buy
$2,164
$674/mo
more expensive to buy than rent. The gap widened from $631 last quarter (up $43 quarter over quarter).
Rent vs. buy gap by quarter
2Q253Q254Q251Q262Q26
Median list price $320,000 (May 2026). 20% down, 6.5% rate, taxes and insuranceRental Beast
Rental data used in this report are sourced and catalogued directly by Rental Beast, unless otherwise noted. Rental Beast listing data covers a range of rental property types and owner types operating within the long-term rental market (generally considered to be leases with a minimum of three months). Data provided courtesy of Arizona Regional Multiple Listing Service, Inc. Single-family rentals are considered to be properties with 4 or fewer units. Multifamily is more than 4 doors. Unless otherwise noted, our analysis uses the Oklahoma City, OK, metropolitan statistical area (MSA) as the geographical unit.
Rents are calculated based on these listings. Days on market (DOM) and concession analysis are based on these listings, with some data sources excluded due to DOM and concession info being unavailable or deemed to be unreliable. Concessions are incentives that entice renters to sign a lease (e.g., one month free, a gift card, etc.).
Our sentiment survey is based on phone conversations during Q2 2026 with rental building and community managers and property managers. Questions and answer choices:
Q1. Do you expect rent prices to increase, remain the same or decrease over the next 6 months? [Possible answers: Remain the same, increase, decrease]
Q2. Do you believe you are currently getting more, about the same or fewer applicants for your available rentals? [Possible answers: About the same, more, fewer]
DISCLAIMER. This report attempts to provide reliable and useful information; however, there is no guarantee that the information or other content in this document is accurate, current or suitable for any particular purpose. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. Rental data used in this report are sourced and catalogued directly by Rental Beast, unless otherwise noted. Our analysis uses MSA as the geographical unit and is not reflective of all-U.S. measures. Information from this document may be used with proper attribution.
