Oklahoma rent hikes cool as new construction booms

Rent prices are stabilizing in mid-2025, with one-bedroom rents holding at $1,520 and two-bedrooms rising slightly to $1,910. This marks the first year-over-year decline for one-bedrooms in 14 months. Increased apartment completions are intensifying competition, leading landlords to focus on occupancy over rent hikes. Oklahoma City and Tulsa show steady demand despite new supply, with affordability remaining a key factor for many renters.

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