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Highlights

  • Easy access to major highways
  • Cozy living area
  • Well-sized bedrooms

Location

1516 E Madison St, Oklahoma City, OK 73111, USA|Martin Luther King
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Contact

Management

Amiaya Doyle

Leasing office

(844) 334-2722 ext. 2061

Property Overview

1516 East Madison Street combines a strong Zumper expert rating with practical advantages that make it appealing for renters seeking a well-regarded option. Its notable features and pros suggest a property with useful day-to-day benefits and solid overall appeal.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, 1516 East Madison Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1516 East Madison Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby

Floor plans

1516 East Madison Street3 bed1.5 bath960 sqft$1,100 /moCharming 3-bedroom, 1.5-bath home near downtown OKC! This inviting home features a cozy living area, a functional kitchen, and well-sized bedrooms. Enjoy the convenience of being just minutes from shopping, dining, and entertainment, with easy access to major highways. A great opportunity to live close to the heart of the city!

Let's explore this property.

Amenities for 1516 East Madison Street

Appliances

Range/OvenRefrigerator
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Lease terms12+ months
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About 1516 East Madison Street

HomeApartments in Oklahoma CityMartin Luther King 1516 East Madison Street

Charming 3-bedroom, 1.5-bath home near downtown OKC! This inviting home features a cozy living area, a functional kitchen, and well-sized bedrooms. Enjoy the convenience of being just minutes from shopping, dining, and entertainment, with easy access to major highways. A great opportunity to live close to the heart of the city!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, 1516 East Madison Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1516 East Madison Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 1516 East Madison Street
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
1516 East Madison Street offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 1516 East Madison Street is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
1516 East Madison Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 1516 East Madison Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
1516 East Madison Street provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 1516 East Madison Street compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.5 mile away

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Rent trends in Martin Luther King

3-bedroom apartments at 1516 East Madison Street cost about 8% less than the average rent price for 3-bedroom apartments in Martin Luther King.

Median rents as of Jul 11 2026.
Martin Luther King
Oklahoma City
A table of 2-bedroom apartment rental data trends in Oklahoma City
MonthMedian Rent
July 2024$1,109
August 2024$1,146
September 2024$1,161
October 2024$1,132
November 2024$1,114
December 2024$1,099
January 2025$1,107
February 2025$1,144
March 2025$1,120
April 2025$1,126
May 2025$1,143
June 2025$1,148
July 2025$1,162
August 2025$1,144
September 2025$1,114
October 2025$1,107
November 2025$1,110
December 2025$1,100
January 2026$1,113
February 2026$1,098
March 2026$1,099
April 2026$1,100
May 2026$1,100
June 2026$1,100
July 2026$1,128
A table of 2-bedroom apartment rental data trends in Martin Luther King
MonthMedian Rent
January 2026$800
February 2026$800
March 2026$812
May 2026$925
June 2026$875
July 2026$875

Affordability calculator

Can I afford to live at 1516 E Madison St?

Bedrooms

3 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$44,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $44,000 annually to afford this 3-bedrooms monthly rent price of $1,100.
For more information on rent affordability, visit our rent calculator.

Schools near 1516 East Madison Street

Thelma R. Parks Elementary School

1501 northeast 30th st

oklahoma city, OK, 73111

PK, K-4Public
C-

Emerson Elementary School

715 north walker ave

oklahoma city, OK, 73102

K-5Public
C

Crutcho Public School

2401 north air depot blvd

oklahoma city, OK, 73141

PK, K-8Public
D+

Oakdale Public School

5701 e hefner rd

edmond, OK, 73013

PK, K-8Public
A

Redbud Elementary School (Open 2021-22)

3800 n douglas blvd

arcadia, OK, 73007

PK, K-5Public
A
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Internet available near 1516 East Madison Street

Neighborhood

Martin Luther King | Oklahoma City, OK

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Oklahoma City near 1516 E Madison St

Walking

6/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 1516 E Madison St, Oklahoma City

Groceries

6/10
At least one grocery store within a 15-minute walk

Shopping

5/10
Some shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 20-minute walk

High schools

4/10
No high schools within a 30-minute walk

Nightlife

4/10
Few or no bars within walking distance

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