Oklahoma City, OK

Oklahoma City, OK Rental Market Data (2026)

By TrueCap · built by a Philadelphia rental investor

HUD Fair Market Rent (FY2026) for the Oklahoma City, OK HUD Metro FMR Area, the HUD area that includes Oklahoma County, OK: $1,244 a month for a 2-bedroom unit and $1,675 for a 3-bedroom unit. Fair Market Rent is HUD's estimate of the 40th-percentile gross rent for standard-quality rental units in an area, used to determine payment standard amounts for the Housing Choice Voucher program: a percentile, not an average of current asking rents (HUD). HUD's page for the Oklahoma City, OK HUD Metro FMR Area says all Housing Choice Voucher programs operated there will use ZIP-level Small Area FMRs instead of this area figure (HUD FY2026). At a stated $265,000 price with the 3-bedroom FMR as a placeholder rent, TrueCap's sample underwrite below comes to −$504/mo cash flow, a 4.2% cap rate, and a 0.69 DSCR. A specific Oklahoma City property runs on its own price, rent, tax bill, and insurance.

Oklahoma City HUD Fair Market Rent (FY2026)

HUD Fair Market Rent (FY2026) for the Oklahoma City, OK HUD Metro FMR Area, the HUD area that includes Oklahoma County, OK. It is an area benchmark, not what a specific unit rents for: compare it with current leases for the address. HUD's FY2026 page for this area shows every bedroom size.

HUD Fair Market Rent (FY2026) by bedroom count, Oklahoma City, OK HUD Metro FMR Area
Bedrooms	FY2025 / month	FY2026 / month
2 bedrooms	$1,180	$1,244
3 bedrooms	$1,575	$1,675

By ZIP code: HUD Small Area Fair Market Rent (FY2026)

HUD also publishes ZIP-level Fair Market Rents for the Oklahoma City, OK metro area, the region that includes Oklahoma City. They vary by ZIP and bedroom count. HUD's ZIP table lists every ZIP.

HUD Small Area Fair Market Rent (FY2026) by ZIP code, Oklahoma City, OK metro area
ZIP code	2BR / month	3BR / month
73012	$1,870	$2,520
73102	$1,510	$2,030
73034	$1,370	$1,840
73162	$1,300	$1,750
73008	$1,220	$1,640
73147	$1,220	$1,640
73195	$1,220	$1,640
73132	$1,150	$1,550
73121	$1,080	$1,450
73052	$1,030	$1,370
74831	$990	$1,320
74881	$940	$1,260

12 of 129 ZIP codes in the Oklahoma City, OK metro area, sampled highest to lowest.

What the HUD FMR pencils to

Sample underwrite at a stated $265,000 price with the HUD 3-bedroom FMR as a placeholder rent — not a listing. TrueCap ran its sample deal with $1,675/mo of rent and every other assumption unchanged.

Monthly cash flow: −$504/mo
Cap rate: 4.2%
DSCR: 0.69

Assumptions: $265,000 price, $1,675/mo rent (HUD FMR, 3 bedrooms), 20% down, 6.6% rate, 30-year loan, 3% closing costs, 1.49% property tax, 0.5% insurance, 5% vacancy, 8% management, 5% maintenance, 5% CapEx reserve. Change any of them in the analyzer and the numbers move with you.

Oklahoma City rental data: common questions

What is HUD's Fair Market Rent for Oklahoma City, OK in FY2026?

HUD's FY2026 Fair Market Rent for the Oklahoma City, OK HUD Metro FMR Area, the HUD area that includes Oklahoma County, OK, is $1,244 a month for a 2-bedroom unit and $1,675 for a 3-bedroom unit.

Source: HUD FY2026 Fair Market Rent documentation: Oklahoma City, OK HUD Metro FMR Area, retrieved September 28, 2026

How did Oklahoma City's HUD Fair Market Rent change from FY2025 to FY2026?

For the Oklahoma City, OK HUD Metro FMR Area, the 2-bedroom figure went from $1,180 in FY2025 to $1,244 in FY2026 (+$64, +5.4%), and the 3-bedroom figure went from $1,575 in FY2025 to $1,675 in FY2026 (+$100, +6.3%).

Source: HUD FY2026 Fair Market Rent documentation: Oklahoma City, OK HUD Metro FMR Area, retrieved September 28, 2026

How much does HUD's Fair Market Rent vary by ZIP code around Oklahoma City?

HUD's FY2026 Small Area Fair Market Rents for the Oklahoma City, OK metro area put a 2-bedroom unit between $940 a month (ZIP 74881) and $1,870 (ZIP 73012) across the area's 129 ZIP codes.

Source: HUD FY2026 Small Area Fair Market Rents by ZIP code: Oklahoma City, OK HUD Metro FMR Area, retrieved July 14, 2026

What do 12 months of HUD Fair Market Rent come to in Oklahoma City?

At HUD's FY2026 Fair Market Rent for the Oklahoma City, OK HUD Metro FMR Area, 12 months come to $14,928 for a 2-bedroom unit and $20,100 for a 3-bedroom unit.

Source: HUD FY2026 Fair Market Rent documentation: Oklahoma City, OK HUD Metro FMR Area, retrieved September 28, 2026

Sources & methodology

Data as of HUD FY2026 (retrieved July 13, 2026).

HUD figures come from HUD's published tables for the area. The sample underwrite runs TrueCap's sample deal through the analyzer's own math.

HUD FY2026 Fair Market Rent documentation: Oklahoma City, OK HUD Metro FMR Area, retrieved September 28, 2026
HUD FY2026 Small Area Fair Market Rents by ZIP code: Oklahoma City, OK HUD Metro FMR Area, retrieved July 14, 2026
HUD Fair Market Rents: definition and uses (huduser.gov), retrieved September 27, 2026

Reviewed by the TrueCap team. See our full methodology.

Three things to verify locally

Property tax bill. Pull the parcel's current bill from the county assessor or treasurer, and check whether a sale changes the assessment. The sample above uses 1.49% of price; enter the Oklahoma City bill instead.
Rental licensing and permits. Check whether Oklahoma City requires a rental license, registration, inspection, or certificate of occupancy for the address, and budget any fees before you close.
Insurance quotes. Get a written landlord-policy quote for the specific property, with wind, hail, or flood coverage where the property needs it, and enter that premium instead of a default.

For Oklahoma data, see the Oklahoma guide.

The terms behind the numbers

Cap Rate DSCR (Debt Service Coverage Ratio)Cash-on-Cash Return