Oklahoma is known for its diverse landscapes, including rolling prairies, forests, and mountains, as well as a rich Native American history and a thriving oil industry. Come experience the rich cultural heritage of Oklahoma by visiting iconic landmarks like the Oklahoma City National Memorial and Museum, and be inspired by the academic excellence at top universities like the University of Oklahoma and Oklahoma State University. With an economy driven by energy, agriculture, and aerospace, Oklahoma is a prime destination for those seeking a mix of business and recreation.

The state offers a variety of experiences for outdoor enthusiasts and sports fans, like the Oklahoma City Thunder (NBA), to marvel at the stunning Wichita Mountains Wildlife Refuge, to events at the Gaylord Family Oklahoma Memorial Stadium. In addition, the Ouachita Mountains provide beautiful trails for those seeking a spectacular hike. Take advantage of these famous attractions, visit the National Cowboy & Western Heritage Museum, the Philbrook Museum of Art, or the historic Route 66.

A state that embodies the American spirit, Oklahoma is a place of friendly faces and endless opportunities, making it a great place to live.

Rental Market Trends

Elgin, OK

As of March 2026, Elgin's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Elgin's average rent is 3.4% ($38) lower than the Oklahoma average of $1,132 and 38.2% ($675) lower than the U.S. average of $1,769.

Average Rent

$1,094

Monthly ChangeMonth Over Month Change

11.3% ($111)

Yearly ChangeYear Over Year Change

11.3% ($111)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$777	4.9% ($40)	4.9% ($40)
2 Beds	$1,030	10.8% ($100)	10.8% ($100)
3 Beds	$1,337	9% ($110)	9% ($110)

Nearby Cities	Average Rent	Avg. Rent vs. ElginAverage Rent vs. Elgin	Avg. Days on MarketAverage Days on Market
Lawton	$963	12% ($131)	27 days
Cache	$1,537	40.5% ($443)	28 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Elgin Rental Market FAQs

Explore rental prices, market trends, and availability in Elgin, OK.

What is the average rent in Elgin, OK?

The average rent in Elgin, OK is $1,094 per month.

What is the rental price range for homes in Elgin, OK?

Homes in Elgin typically rent for between $600 and $1,738 per month, with an average of $1,094 per month.

What is the average rent for different bedroom sizes in Elgin, OK?

In Elgin, the average rent for a 1-bedroom home is $777 per month, for a 2-bedroom home, $1,030 per month, and a 3-bedroom home is $1,337 per month.

How do rent prices in Elgin, OK compare with the national average?

The average rent in Elgin is 38.2% ($675) lower than the national average of $1,769 per month.

How have rent prices in Elgin, OK changed recently?

The average rent in Elgin has increased by 11.3% ($111) in the last month and increased by 11.3% ($111) over the past year.

How competitive is the rental market in Elgin, OK?

The rental market in Elgin, OK, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.

How long do rentals stay on the market in Elgin, OK?

In Elgin, OK, the average rental stays on the market for approximately 24 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Elgin, OK?

There are currently 10 rental properties available in Elgin, OK.

Can I afford to rent a home in Elgin, OK?

Based on the current averages, a household would need an annual income of $41,200 to comfortably afford a 2-bedroom home in Elgin.