Tulsa Rent Costs Expected To Rise Despite Lowering Of National Average

Renters in Tulsa can expect to see rent prices increase in 2025, according to online rental marketplace Apartment List. 

Apartment List's November 2024 report shows Tulsa rent prices increased by 5% over the past year, while nationally they fell by 1%.

The company's senior housing economist Chis Salviati says this shows, that despite a softening rental market in the U.S., Tulsa is still experiencing steady growth. 

Salviati says if you moved a year ago and are considering moving again, you'll likely pay more for a similar rental. He says rising prices typically indicate more renters than available units, but there is some hope. 

“Tulsa is, despite the price increase, still one of the more affordable markets in the country among that group of metros with a population over one million," Salviati said. "Tulsa is the second most affordable in terms of median rent prices."

Salviati says if mortgage rates go down next year, some renters may choose to buy homes, and this could reduce pressure on the rental market. He says even with rent prices up — Tulsa is cheaper than other places. 

Salviati said the Tulsa area appeals to entrepreneurs and a growing tech scene which has changed the scope of the market.