Rent Tracker
Rent Inflation in Oklahoma City, OK
The average asking rent in Oklahoma City, OK is $1,399/month as of 2026-05. That is +2.9% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,399/mo
as of 2026-05
Year-over-Year Change
+2.9%
24-Month Rent Trend
Monthly ZORI index values for Oklahoma City, OK.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-05 | $1,399 | +0.29% |
| 2026-04 | $1,395 | +0.43% |
| 2026-03 | $1,389 | +0.43% |
| 2026-02 | $1,383 | +0.44% |
| 2026-01 | $1,377 | +0.07% |
| 2025-12 | $1,376 | -0.22% |
| 2025-11 | $1,379 | -0.14% |
| 2025-10 | $1,381 | -0.07% |
| 2025-09 | $1,382 | +0.29% |
| 2025-08 | $1,378 | +0.44% |
| 2025-07 | $1,372 | +0.59% |
| 2025-06 | $1,364 | +0.29% |
| 2025-05 | $1,360 | +0.44% |
| 2025-04 | $1,354 | +0.22% |
| 2025-03 | $1,351 | +0.45% |
| 2025-02 | $1,345 | +0.37% |
| 2025-01 | $1,340 | +0.22% |
| 2024-12 | $1,337 | +0.07% |
| 2024-11 | $1,336 | -0.30% |
| 2024-10 | $1,340 | +0.00% |
| 2024-09 | $1,340 | +0.15% |
| 2024-08 | $1,338 | +0.45% |
| 2024-07 | $1,332 | +0.68% |
| 2024-06 | $1,323 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices