Best Affordable Neighborhoods in Oklahoma City, OK
Some of the cheapest neighborhoods in Oklahoma City are Heronville, The Pines, and Woodlake Addition. These neighborhoods offer some of the lowest rent prices in Oklahoma City, making them ideal for renters on a budget. As of May 10, 2026, the average rent in Oklahoma City is $934, which is 0.4% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Heronville
Average Rent
$683/Month
Year-Over-Year Rent Change
0.2%
Units Available
11 Rentals
When you’re looking for a great Oklahoma City neighborhood on a budget, check out Heronville. The average rent is $683, compared to the city average of $934. Rent prices have increased by 0.2%. Heronville is convenient to South Lakes Regional Park, Oklahoma City National Memorial, and Grant Square.
The Pines
Average Rent
$690/Month
Year-Over-Year Rent Change
0.6%
Units Available
26 Rentals
The Pines is an affordable neighborhood in Oklahoma City with an average rent price of $690. Compare this to the city average of $934. In the past year, rent prices have increased by 0.6%. The Pines provides easy access to Will Rogers Horticultural Gardens, Oklahoma City University, and Myriad Gardens.
Woodlake Addition
Average Rent
$690/Month
Units Available
26 Rentals
If you’re looking for a great, affordable neighborhood in Oklahoma City, Woodlake Addition might be the perfect place! It has an average rent price of $690, while the city’s average stands at $934. Woodlake Addition is near Dolese Youth Park, Century Center, and Lyrewood Center.
Isola Bella
Average Rent
$690/Month
Units Available
26 Rentals
Isola Bella is a top choice for budget-conscious renters for a variety of reasons. The average rent in Isola Bella is $690 while the city average is $934. Residents enjoy convenient access to Oklahoma City University, Lyrewood Center, and Myriad Gardens.
Rancho Village
Average Rent
$693/Month
Year-Over-Year Rent Change
0.4%
Units Available
16 Rentals
When you’re looking for a great Oklahoma City neighborhood on a budget, check out Rancho Village. The average rent is $693, compared to the city average of $934. Rent prices have increased by 0.4%. Rancho Village is convenient to OU Health Sciences Center, Museum of Osteology, and Santa Fe Hub.
Taylor Park
Average Rent
$700/Month
Units Available
12 Rentals
Taylor Park is an affordable neighborhood in Oklahoma City with an average rent price of $700. Compare this to the city average of $934. In the past year, rent prices have increased by 0%. Taylor Park provides easy access to Scissortail Park, Museum of Osteology, and Arena.
Knights Lake
Average Rent
$708/Month
Year-Over-Year Rent Change
0.3%
Units Available
33 Rentals
If you’re looking for a great, affordable neighborhood in Oklahoma City, Knights Lake might be the perfect place! It has an average rent price of $708, while the city’s average stands at $934. In the last year, prices have decreased by 0.3%. Knights Lake is near Courtyard Plaza, Broadway Avenue, and OU Health Sciences Center.
Southern Hills
Average Rent
$731/Month
Year-Over-Year Rent Change
2.7%
Units Available
21 Rentals
Southern Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southern Hills is $731 while the city average is $934. This is a 2.7% difference from last year. Residents enjoy convenient access to OSU-Oklahoma City, Oklahoma City University, and Santa Fe Hub.
Hillcrest
Average Rent
$733/Month
Year-Over-Year Rent Change
1.1%
Units Available
10 Rentals
When you’re looking for a great Oklahoma City neighborhood on a budget, check out Hillcrest. The average rent is $733, compared to the city average of $934. Rent prices have increased by 1.1%. Hillcrest is convenient to South Lakes Regional Park, Oklahoma City University, and Hillcrest Shopping Center.
Oakcliff-Parkview
Average Rent
$745/Month
Year-Over-Year Rent Change
1.6%
Units Available
28 Rentals
Oakcliff-Parkview is an affordable neighborhood in Oklahoma City with an average rent price of $745. Compare this to the city average of $934. In the past year, rent prices have increased by 1.6%. Oakcliff-Parkview provides easy access to Arena, Oklahoma City National Memorial, and Century Center.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.