Tulsa Rent Report: June 2024

Welcome to the Apartment List June 2024 Rent Report for Tulsa, OK. Currently, the overall median rent in the city stands at $1,031, after rising 0.9% last month. Prices and are now up 1.4% year-over-year. Read on to learn more about what’s been happening in the Tulsa rental market and how it compares to trends throughout the nation as a whole.

Tulsa rents are up 0.9% month-over-month and up 1.4% year-over-year

The median rent in Tulsa rose by 0.9% over the course of May, and has now increased by a total of 1.4% over the past 12 months. Tulsa’s rent growth over the past year has has outpaced both state (0.2%) and national (-0.8%) averages.

Tulsa rent growth in 2024 pacing similar last year

Five months into the year, rents in Tulsa have risen 2.9%. This is a similar rate of growth compared to what the city was experiencing at this point last year: from January to May 2023 rents had increased 3.0%.

May rent growth in Tulsa ranked #28 among large U.S. cities

Tulsa rents went up 0.9% in the past month, compared to the national rate of 0.5%. Among the nation's 100 largest cities, this ranks #28. Similar monthly rent growth took place in Santa Clarita, CA (1.0%) and Wichita, KS (0.9%).

Tulsa is the #97 most expensive large city in the U.S., with a median rent of $1,031

Citywide, the median rent currently stands at $861 for a 1-bedroom apartment and $1,072 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,031. That ranks #97 in the nation, among the country's 100 largest cities.

For comparison, the median rent across the nation as a whole is $1,233 for a 1-bedroom, $1,389 for a 2-bedroom, and $1,404 overall. The median rent in Tulsa is 26.6% lower than the national, and is similar to the prices you would find in Des Moines, IA ($1,049) and Cleveland, OH ($1,020).