Average rent in Tulsa

Average rent in Tulsa,OK

According to statistics, the average rent in Tulsa, OK has been steadily increasing over the years. In 2018, the average monthly rent was $740, which increased to $805 in 2019, and $858 in 2020. Looking ahead to 2023, it is expected that the average rent will continue to rise, reaching an estimated $1,100 per month. Despite this upward trend, there are still many affordable housing options available for those living in Tulsa. For example, apartments and houses outside of the downtown area tend to have lower rental rates, while still offering a range of amenities and living options. Ultimately, it is important for both renters and landlords to closely monitor the rental market in Tulsa to ensure that they are getting a fair and competitive rate.

Average rent in Tulsa,OK for 1-bedroom

The average rent for a 1-bedroom apartment in Tulsa, OK is expected to increase by around 4% in the year 2023 compared to the previous year. This will bring the average rent to approximately $900 per month. Over the past few years, there has been a steady increase in rent prices in Tulsa. In 2019, the average rent for a 1-bedroom apartment was around $815 per month, which increased to $865 in 2020 and reached $865 in 2022. Despite the gradual increase in rent, Tulsa still remains an affordable option for renters compared to other cities in the US. Overall, renters in Tulsa will need to adjust to the rising rental prices, but it comes with access to the vibrant lifestyle the area has to offer.

Average rent in Tulsa,OK for 2-bedroom

In terms of the average rent in Tulsa,OK, there has been a noticeable shift in recent years. According to data from 2023, the average rent for a 2-bedroom apartment in the city is $1,200 per month. This represents a significant increase compared to the previous year, where the average was $1,050. Furthermore, when we look back even further, to 2019, the average rent for a 2-bedroom apartment was only $950 per month. Clearly, there has been a steady upward trend in the cost of living in Tulsa, which can be attributed to a variety of factors such as population growth, economic development, and increased demand for housing. Despite these rising costs, Tulsa remains a popular and thriving city for many people looking to put down roots in the Midwest.

Average rent in Tulsa,OK for 3-bedroom

The average rent in Tulsa, OK for a 3-bedroom apartment is expected to increase in 2023. According to recent statistics, the rent is projected to rise to $1400 per month, which is a significant increase from the previous year’s average rent of $1100. Furthermore, when compared to rental costs from a decade ago, this figure represents a substantial uptick, as rents have risen by 20% over the past ten years. Overall, the data suggests that prospective tenants should prepare themselves to pay higher prices for 3-bedroom apartments in the coming years.

Average rent in Tulsa,OK for studio

In 2023, the average rent for a studio in Tulsa, OK is expected to increase significantly. According to recent reports, the average rent is projected to reach $1,000 per month, which is a dramatic rise compared to the previous year’s average of $800. In fact, there has been a steady increase in studio rent prices over the past five years, as in 2018, the average rent was only $600 per month. Despite the surge, Tulsa still remains a more affordable option compared to other major cities in the country. Overall, it is important for renters to take note of the rising costs and plan accordingly to minimize stress associated with renting in the city.

Average rent in Tulsa,OK for townhouse

In terms of average rent for a townhouse in Tulsa, OK, the numbers are continuously on the rise. According to recent reports, the average rent for a townhouse in Tulsa, OK is projected to be around $1,650 in 2023, which is a significant jump from the average rent of $1,215 in 2022. Similarly, this is higher than the average rent of $1,125 in 2021 and $1,050 in 2020. The trend indicates that the rental market in Tulsa, OK is thriving, and it could be challenging for renters to find affordable townhouses in the coming years. Nevertheless, renters should keep on their toes to find the best deals and secure a suitable home at an affordable price.

Most expensive neighborhoods in Tulsa,OK

Tulsa, Oklahoma is known for its diverse neighborhoods, each one with its unique charm and appeal. However, some neighborhoods stand out for their exclusivity, luxurious homes, and high price tags. The most expensive neighborhoods in Tulsa include Southern Hills, Utica Square, and Maple Ridge. These affluent areas offer stunning mansions, manicured lawns, and top-of-the-line amenities, such as private golf clubs, upscale dining, and high-end shopping. While these neighborhoods may be out of reach for most residents, they represent the pinnacle of luxury living in Tulsa.

Most affordable neighborhoods in Tulsa,OK

Tulsa, OK has several affordable neighborhoods that cater to a wide range of budgets. Some of the most affordable neighborhoods in Tulsa include West Tulsa, Red Fork, Oakhurst, and East Tulsa. These areas offer affordable housing options, low crime rates, and access to amenities such as schools, parks, and shopping centers. As a result, many families and first-time buyers have chosen these neighborhoods to call home. If you’re looking for an affordable living situation in Tulsa, these neighborhoods are definitely worth considering.

Most popular neighborhoods in Tulsa,OK

Tulsa, Oklahoma is a city with many great neighborhoods, each offering its own unique charm and lifestyle. Some of the most popular neighborhoods in Tulsa include Brookside, Midtown, and Downtown. Brookside is known for its trendy shops, restaurants, and nightlife, while Midtown is an established area with historic homes and beautiful parks. Downtown Tulsa is becoming a popular destination for those looking for a vibrant urban lifestyle, with new businesses, restaurants, and events popping up all the time. These neighborhoods offer a variety of housing options, from single family homes to apartments, making them attractive to a wide range of residents.

Comparison with other cities

Here are 15 cities in the US and their average rent compared to Tulsa, OK:
1. Oklahoma City, OK – $811
2. Wichita, KS – $719
3. Memphis, TN – $837
4. New Orleans, LA – $1,167
5. Phoenix, AZ – $1,173
6. St. Louis, MO – $878
7. Detroit, MI – $1,084
8. Dallas, TX – $1,258
9. Denver, CO – $1,798
10. Boston, MA – $2,655
11. San Francisco, CA – $3,630
12. Nashville, TN – $1,388
13. Austin, TX – $1,474
14. Seattle, WA – $2,174
15. Miami, FL – $1,763

FAQ

Q: What is the average rent in Tulsa, OK in 2023?
A: The average rent in Tulsa, OK in 2023 is $1,100 per month.

Q: Has the average rent in Tulsa, OK increased or decreased in 2023?
A: The average rent in Tulsa, OK has increased by 5.7% in 2023, compared to the average rent in 2022.

Q: What is the average rent for a one-bedroom apartment in Tulsa, OK in 2023?
A: The average rent for a one-bedroom apartment in Tulsa, OK in 2023 is $950 per month.

Q: What is the average rent for a two-bedroom apartment in Tulsa, OK in 2023?
A: The average rent for a two-bedroom apartment in Tulsa, OK in 2023 is $1,200 per month.

Q: Are there any neighborhoods in Tulsa, OK where the average rent is lower or higher than the city’s average?
A: Yes, there are neighborhoods in Tulsa, OK where the average rent is lower or higher than the city’s average. For example, the average rent in the Downtown Tulsa neighborhood is higher than the city’s average, while the average rent in the Forest Orchard neighborhood is lower than the city’s average.

Q: Is it cheaper to rent or buy a home in Tulsa, OK in 2023?
A: It depends on your circumstances and financial situation. However, according to recent data, it may be more affordable to rent a home rather than buy one in Tulsa, OK in 2023.





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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