1201 at Covell Village
1201 Covell Village Dr,
Edmond, OK 73003
1-3 Beds | $1,086 - $1,805
Rental Market Trends in Edmond, OK
What is the average rent in Edmond, OK?
$1,027/month
Average Rent
701 Sq Ft
Average Apartment Size
+1.9%
Increase in the Last Year
As of June 2025, the average rent in Edmond, OK is $1,027 per month. This is 37% lower than the national average rent of $1,628/month, making renting in Edmond more affordable than most cities in the US. When you rent an apartment in Edmond, you can expect to pay about $837 per month for a studio, $1,027 for a one-bedroom apartment, and around $1,233 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,535 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Edmond, OK?
In the past year, rent has increased by 1.9%, which averages out to $20 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Edmond, OK
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
11%
Below $700/month
39%
$700 - $1,000/month
44%
$1,001 - $1,500/month
4%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Edmond?
Based on current rent prices, Coffee Creek Area, Northwest Oklahoma City and Fountain Lake are the most affordable neighborhoods in Edmond.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Edmond?
Based on current rent prices, Buell Hollis, Downtown Edmond and Brentwood are the most expensive neighborhoods in Edmond.
Neighborhood
Average Rent
Average Sq Ft
Which Edmond neighborhoods have the most rentals available?
The neighborhoods in Edmond with the most apartments available are Northwest Oklahoma City, Downtown Edmond and Buell Hollis .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Edmond, OK?
Because the average rent in Edmond is $1,027, you’ll want to make about $3,423 per month or $41,076 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Edmond, OK is 10.4% lower than the national average. Generally, housing in Edmond is 19.7% less expensive than the national average, with rent falling between $837 - $1,535. You can expect to pay 4.6% less for groceries, 12.6% less for utilities, and 8.4% less for transportation.
How does Edmond, OK compare to other nearby cities and neighborhoods?
Use the tool below to compare Edmond, OK to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
$990/month
-
Two Bedroom
$1,255/month
-
Three Bedroom
-
-
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IRT Living
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Case & Associates
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Sunridge Management Group Inc
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Weidner Apartments Homes
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112
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Venterra
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41
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Lindsey Management Co, Inc
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.