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Rental Market Trends in Elk City, OK

What is the average rent in Elk City, OK?

$582/month

Average Rent

676 Sq Ft

Average Apartment Size

+1%

Increase in the Last Year

As of September 2025, the average rent in Elk City, OK is $582 per month. This is 64% lower than the national average rent of $1,639/month, making renting in Elk City more affordable than most cities in the US. When you rent an apartment in Elk City, you can expect to pay about $604 per month for a studio, $582 for a one-bedroom apartment, and around $752 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $898 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$604/month
358 Sq Ft
One Bedroom
$582/month
676 Sq Ft
Two Bedroom
$752/month
941 Sq Ft
Three Bedroom
$898/month
1,075 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 Elk City, OK?

In the past year, rent has increased by 1%, which averages out to $6 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 September 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Elk City, OK
Last Updated September 2025
Below $701
Most rental prices fall within this range
Rent Ranges in Elk City, OK
Percentage*
Rent Range
60% Below $700/month
40% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Elk City, OK?

Because the average rent in Elk City is $582, you’ll want to make about $1,940 per month or $23,280 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.

City

Elk City, OK

89 Available Apartments for Rent

Search for Nearby Apartments

How does Elk City, OK compare to other nearby cities and neighborhoods?

Use the tool below to compare Elk City, 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.

Explore the Area Guide for Elk City, OK

Apartment Averages

Apartment communities in Elk City we think you'll love

Granite Landing

Granite Landing

2305 E 7th St,
Elk City, OK 73644

$525 - $1,650

Studio - 3 Beds

Crestview Commons

Crestview Commons

2302 W Country Club Blvd,
Elk City, OK 73644

Call for Rent

1-3 Beds

Heritage Hollow

Heritage Hollow

1500 Stout Dr,
Elk City, OK 73644

$500 - $625

1-2 Beds

Park 220

Park 220

220 Ridgecrest Dr,
Elk City, OK 73644

$450 - $675

Studio - 3 Beds

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United States Oklahoma Elk City Rental Trends

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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity