RentData

Average Rent in Enid, OK Rents falling 1.8% YoY🔺 11th priciest in OK

HUD FY2025 · Official government data · Updated annually · Metro pop. 62,322

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Enid, OK has rental prices ranging from $739/month to $1,299/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $747/month — 47% below the national average of $1,400/month. With a median household income of $67,302/year, spending $747/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.

How Enid Compares

With an average 2-bedroom rent of $980/month, Enid ranks #11 most expensive of the 70 cities tracked in Oklahoma — pricier than 61% of all US cities in our data.

The Enid Rental Market

The Enid, OK area has a population of about 62,322 and 35% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Enid, OK have fallen by $18/month (1.8%) over the past year, from $998 to $980. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Enid, OK without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $29,880. The local median household income of $67,302 exceeds that threshold by $37,422, making Enid relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Enid, OK is $138,796, giving a price-to-rent ratio of 11.8. The break-even point between renting and buying is roughly 12 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Fair Market Rents

HUD FY2025
Studio
$739
Affordable
1 Bedroom
$747
Affordable
2 Bedrooms
$980
1.8% YoY
Affordable
3 Bedrooms
$1,264
Affordable
4 Bedrooms
$1,299
Affordable
🔔
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Median Home Value
$138,796
Source: Zillow ZHVI
Est. monthly payment
$739/mo
20% down · 30yr · 7%

Is Enid, OK Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$39,200/year
Local median income: $67,302
To buy a median home
$29,549/year
US national median: $75,000
💡 Based on a 2BR rent of $980/month and 20% down on a $138,796 home at 7% rate.

Nearby Cities in OKlargest metros in the state

CityStudio1BR2BR3BRHome Value
Oklahoma City$886$961$1,180$1,575
Tulsa$890$950$1,179$1,555
Lawton$745$750$962$1,348
Payne County$767$822$1,014$1,421
Pottawatomie County$642$713$936$1,242
Muskogee County$707$712$934$1,170

Rent or Buy in Enid?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Enid data

$
Home Value
$138,796
2BR Rent
$980/mo
Mortgage Rate
7%
Monthly P&I
$739/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $1,022/movs rent: $980/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $138,796 home at 7% rate

20% — $27,759
3%50%
Estimated Monthly Payment
$739
per month · 30 years · 7% APR
Loan Amount
$111,037
Total Paid
$265,943
Total Interest
$154,906
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Enid

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🏘️Neighborhoods in Enid

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⚖️Rent vs Buy in Enid

Is it cheaper to rent or buy here?

💵Rent Affordability in Enid

Salary needed to afford rent here

🗺️All Cities in OK

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📋OK Tenant Rights

Deposit limits, eviction laws & renters protections