Zumper
modified
13 Hours Ago

Highlights

  • Onsite laundry facility
  • Large open floor plans
  • Newly remodeled apartments
  • Sleek and modern vibe
  • Spacious two bedroom apartments

Location

3732 Nw 23rd St, Oklahoma City, OK 73107, USA|Musgrave-Pennington
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Contact

Management

TB Realty

Leasing office

(405) 607-1311

Property Overview

Pennington Place Apartments features spacious, newly remodeled units and an array of attractive amenities, including an onsite laundry facility and large open floor plans. With an overall Zumper rating of 8.3 and excellent scores in pricing (9/10) and location (9/10), the property exemplifies a strong value proposition. Its standing in the 85.71 percentile for value per square foot further enhances its appeal, making it a competitive choice for prospective renters.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” 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, Pennington Place Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Pennington Place Apartments 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

  • More space

Great for

  • Eco living

Floor plans

2BR/1.0BA2 bed1 bath850 sqft$950 /mo1 unit availableLooking for a GREAT new place to call home? Our newly remodeled apartments are located close to the hub of Hefner Parkway, in the Winchester District. Pennington Place Apartments are beautiful, newly remodeled apartments, with a sleek and modern vibe. Built-in microwaves, stove/range, and refrigerators are provided. Onsite laundry facility. Spacious two bedroom apartments have large open floor plans that are perfect living arrangements. This brand-new affordable unit has just completed construction and is ready to occupy! This is the last two bedroom apartment home available for lease at this time. Visit our website at www tb-realty com Must apply through our website. Monthly Rent: $950.00 Security Deposit: $250.00 Application Fee: $45.00 (per person over 18 yrs of age) Utilities Due: $40 water, $7 Trash, $5 Monthly Pest Control. (Tenant will direct pay electric.) 405-607-1311

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Amenities for Pennington Place Apartments

Appliances

Microwave Built In
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

Contact for more information on pet policy.

Building details

Property details

Units39
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About Pennington Place Apartments

HomeApartments in Oklahoma City Pennington Place Apartments

Looking for a GREAT new place to call home? Our newly remodeled apartments are located close to the hub of Hefner Parkway, in the Winchester District. Pennington Place Apartments are beautiful, newly remodeled apartments, with a sleek and modern vibe. Built-in microwaves, stove/range, and refrigerators are provided. Onsite laundry facility. Spacious two bedroom apartments have large open floor plans that are perfect living arrangements. This brand-new affordable unit has just completed construction and is ready to occupy! This is the last two bedroom apartment home available for lease at this time. Visit our website at www tb-realty com Must apply through our website. Monthly Rent: $950.00 Security Deposit: $250.00 Application Fee: $45.00 (per person over 18 yrs of age) Utilities Due: $40 water, $7 Trash, $5 Monthly Pest Control. (Tenant will direct pay electric.) 405-607-1311


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, Pennington Place Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Pennington Place Apartments 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 Pennington Place Apartments
Price·9A 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.
Pennington Place Apartments stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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, Pennington Place Apartments 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.
Pennington Place Apartments 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·7A 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 it may not have as many distinctive features as similar properties in the surrounding area, renters can trust Pennington Place Apartments to provide reasonable accomodations and accurate details about its community.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Pennington Place Apartments is great for:

Eco living

  • You can get around by foot in this area
  • Public transit available nearby
  • On-site recycling or composting options
  • 11 parks within a mile

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 Pennington Place Apartments compares to other nearby properties.

Positives

More space
The 1-bedroom is 310 sqft larger than other listings nearby

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away
Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Musgrave-Pennington

2-bedroom apartments at Pennington Place Apartments cost about 5% less than the average rent price for 2-bedroom apartments in Musgrave-Pennington.

Median rents as of Sep 6 2025.
Musgrave-Pennington
Oklahoma City
A table of 2-bedroom apartment rental data trends in Oklahoma City
MonthMedian Rent
September 2023$1,092
October 2023$1,058
November 2023$1,070
December 2023$1,073
January 2024$1,050
February 2024$1,050
March 2024$1,054
April 2024$1,082
May 2024$1,107
June 2024$1,128
July 2024$1,121
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$1,145
A table of 2-bedroom apartment rental data trends in Musgrave-Pennington
MonthMedian Rent
September 2023$1,250
February 2024$1,050
March 2024$1,000
April 2024$1,000

Affordability calculator

Can I afford to live at 3732 Nw 23rd St?

Bedrooms

2 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

$38,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $38,000 annually to afford this 2-bedrooms monthly rent price of $950.
For more information on rent affordability, visit our rent calculator.

Schools near Pennington Place Apartments

Buchanan Elementary School

4126 northwest 18th st

oklahoma city, OK, 73107

PK, K-4Public
C

Emerson Elementary School

715 north walker ave

oklahoma city, OK, 73102

K-5Public
C
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Internet available near Pennington Place Apartments

Neighborhood

Musgrave-Pennington | Oklahoma City, OK

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

Getting around Oklahoma City near 3732 Nw 23rd St

Walking

6/10
Some shops and stores are within a few minutes.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Transit

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

Points of interest for 3732 Nw 23rd St, Oklahoma City

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Some shops within walking distance

Cafes

2/10
Few or no cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

6/10
At least one elementary school within a 20-minute walk

High schools

3/10
No high schools within a 30-minute walk

Nightlife

2/10
Few or no bars within walking distance

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