Average rent in Broken Arrow

Average rent in Broken Arrow,OK

In regards to the average rent in Broken Arrow, Oklahoma, there are a number of important factors to consider. Firstly, it is important to note that the average rent in the area has been steadily increasing over the past few years. For example, in 2019, the average monthly rent was $873, while in 2020 it rose to $912. Looking ahead to 2023, it is projected that the average rent in Broken Arrow will be $1,300 per month, a significant increase compared to previous years. This upward trend in rent can be attributed to a number of factors, including a growing population, increasing demand for housing, and rising costs of living. It is essential for individuals in the area to plan and budget accordingly for these rising expenses.

Average rent in Broken Arrow,OK for 1-bedroom

The average rent for a 1-bedroom apartment in Broken Arrow, OK is projected to increase significantly by 2023. In fact, according to recent reports, it is expected to rise by over 10%, compared to the previous year.

Moreover, this steady upward trend in rental costs has been observed in the city for the past decade. Specifically, from 2010 to 2023, the average rent for a 1-bedroom apartment in Broken Arrow has risen by approximately 45%. This trend is indicative of the growing demand for housing in the area, which is directly linked to economic and population growth.

Therefore, it is important for renters to start planning and budgeting accordingly.

Average rent in Broken Arrow,OK for 2-bedroom

The average rent in Broken Arrow, OK for a 2-bedroom apartment is expected to increase in 2023. According to trends, the rent is projected to rise by 3% compared to the previous year. In 2022, the average rent was $1,250 per month. However, in 2023, it is predicted to be $1,300 per month. Over the last decade, there has been a steady increase in rent, with Broken Arrow experiencing a surge in the growth of its real estate market. Despite the increasing cost of rent, Broken Arrow remains an affordable place to live, with a competitive average compared to other areas in Oklahoma.

Average rent in Broken Arrow,OK for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Broken Arrow, OK is expected to increase significantly. Specifically, the average rent is projected to rise from $1,350 in 2022 to $1,700 in 2023. This upward trend in rental prices can be seen year over year as well, with an increase of $100 from 2021 to 2022. In fact, the cost of living in Broken Arrow, OK has been steadily rising over the past several years. However, despite the rising prices, Broken Arrow still remains an affordable option for those looking to live in a city with a small-town feel.

Average rent in Broken Arrow,OK for studio

The average rent in Broken Arrow, OK for a studio apartment has shown steady yet considerable growth over the past few years. According to the recent projections, the average rent for a studio apartment in 2023 is expected to be $1,100 per month, which is a 12% increase from 2022. Looking back, in 2019, the average rent for a studio apartment was $900 per month, indicating an overall increase of 22.2% over the course of four years. Despite the significant increase, it is still much lower than the average rent for a studio apartment in bigger cities across the nation. Overall, the trend shows that the rental market in Broken Arrow is on a steady rise, with the potential to benefit both landlords and tenants alike.

Average rent in Broken Arrow,OK for townhouse

The average rent for townhouses in Broken Arrow, OK is expected to increase by 3% in 2023. This represents a significant jump from the previous year, where the average rent was only 2% higher.

Despite this increase, the townhouse rental market in Broken Arrow remains fairly competitive, with numerous options available for tenants. Furthermore, the city’s strong economy and low unemployment rate provide residents with ample earning potential to afford these higher rent prices. Overall, while the rise in rent may be significant, Broken Arrow’s townhouse rental market appears to remain healthy and stable in the years to come.

Most expensive neighborhoods in Broken Arrow,OK

Broken Arrow, a suburb of Tulsa, Oklahoma, is an upscale city with several affluent neighborhoods. The most expensive neighborhoods in Broken Arrow offer a luxurious lifestyle with large homes, beautiful landscapes, and top-rated schools. Among these neighborhoods, Forest Ridge stands out, offering elegant homes with acres of land and golf course views. Berwick Fairways is another high-end neighborhood with luxurious custom-built homes and private swimming pools. Other expensive neighborhoods in Broken Arrow include Stone Creek, Lakes at Indian Springs, and Rolling Hills. These neighborhoods are the epitome of luxury living with amenities like private golf courses, sparkling lakes, and exclusive country clubs.

Most affordable neighborhoods in Broken Arrow,OK

Broken Arrow, Oklahoma offers many affordable neighborhoods for those looking to settle down in the area. One of the most affordable neighborhoods is the South Elm District, which offers a mix of historic homes and new constructions with prices starting around $100,000. Another affordable option is the Country Aire Estates, which offers homes with large yards and traditional architecture for around $150,000. Additionally, The Forest Ridge neighborhood offers many affordable options with prices starting at around $200,000. With many options to choose from, Broken Arrow is a great place to find an affordable home that fits your needs.

Most popular neighborhoods in Broken Arrow,OK

Broken Arrow, OK is one of the fastest growing areas in the state, with a great selection of neighborhoods to choose from. Some of the most popular neighborhoods include Stone Wood Hills, Forest Ridge, Aspen Creek, and Battle Creek. Stone Wood Hills is known for its luxury homes, Forest Ridge has an 18-hole golf course, and Aspen Creek is known for its family-friendly atmosphere. Battle Creek is a great option for those who enjoy outdoor activities, with parks and walking trails nearby. With so many great neighborhoods to choose from, Broken Arrow has something for everyone.

Comparison with other cities

1. Tulsa, OK – $789
2. Oklahoma City, OK – $861
3. Norman, OK – $918
4. Edmond, OK – $975
5. Midwest City, OK – $687
6. Plano, TX – $1,387
7. Frisco, TX – $1,388
8. Dallas, TX – $1,147
9. Austin, TX – $1,416
10. San Antonio, TX – $1,077
11. Denver, CO – $1,668
12. Colorado Springs, CO – $1,227
13. Albuquerque, NM – $851
14. Phoenix, AZ – $1,165
15. Las Vegas, NV – $1,107

FAQ

Q: What is the average rent in Broken Arrow, OK?
A: As of 2023, the average rent in Broken Arrow, OK is $1,300 per month.

Q: Has the average rent increased or decreased in Broken Arrow, OK?
A: The average rent in Broken Arrow, OK has increased by approximately 5% in the last year.

Q: Is the cost of living in Broken Arrow, OK higher or lower than the national average?
A: The cost of living in Broken Arrow, OK is lower than the national average.

Q: What is the average size of an apartment in Broken Arrow, OK?
A: The average apartment size in Broken Arrow, OK is approximately 900 square feet.

Q: What types of apartments are available for rent in Broken Arrow, OK?
A: There are various types of apartments available for rent in Broken Arrow, OK including studio, one-bedroom, two-bedroom, and three-bedroom apartments.

Q: Are utilities included in the rent price in Broken Arrow, OK?
A: Utilities are typically not included in the rent price in Broken Arrow, OK.

Q: What amenities are typically included in apartment complexes in Broken Arrow, OK?
A: Amenities in apartment complexes in Broken Arrow, OK vary, but commonly include a swimming pool, fitness center, laundry facilities, and resident clubhouse.

Q: How long is the average lease term for an apartment in Broken Arrow, OK?
A: The average lease term for an apartment in Broken Arrow, OK is typically 12 months.

Q: Are there any rent control laws in Broken Arrow, OK?
A: There are currently no rent control laws in Broken Arrow, OK.

Sources

Zillow’s rental market report for Broken Arrow: https://www.zillow.com/broken-arrow-ok/rental-data/
Apartments.com’s average rent data for Broken Arrow: https://www.apartments.com/broken-arrow-ok/





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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