Apartment for rent

5+ Days Ago

8.3

Very Good

Pennington Place Apartments
3732 Nw 23rd St, Oklahoma City, OK 73107, USA

TB Realty

3732 Nw 23rd St, Oklahoma City, OK 73107, USA

8.3

Very Good

Monthly rent	$850–$950
Beds	1–2
Baths	1
Sqft	541–850

Monthly rent	$850–$950
Beds	1–2
Baths	1
Sqft	541–850

5+ Days Ago

Highlights

Onsite laundry facility
Large open floor plans
Newly remodeled apartments
Spacious one bedroom apartments
Sleek and modern amenities
Beautiful, new, updated units

Location

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

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Contact

Managed by

Management

TB Realty

Leasing office

(405) 607-1311

Property Overview

Pennington Place Apartments is a highly rated, competitively priced community, earning an 8.3/10 overall with especially strong scores for location and value. Residents can expect sleek, modern, newly remodeled one-bedroom apartments with large open floor plans, beautiful updated interiors, and convenient onsite laundry. With a solid amenity offering and a detailed, photo-rich listing that enhances transparency, it presents an appealing option for many renters.

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 Trustworthiness, 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

Images Available

Great for

Eco living

Floor plans

	1BR/1.0BA	1 bed	1 bath	541 sqft	$850 /mo	1 unit available			Located close to the hub of Hefner Parkway, Pennington Place Apartments are beautiful, brand new, updated units, with sleek and modern amenities. Spacious two bedroom apartment with large dens are perfect living arrangements. These affordable units are NOW AVAILABLE and are being taken quickly! Call NOW to tour your unit before signing a lease! 405.607.1311
	2BR/1.0BA	2 bed	1 bath	850 sqft	$950 /mo	1 unit available			Located close to the hub of Hefner Parkway, Pennington Place Apartments are beautiful, new, updated units, with sleek and modern amenities. Spacious two bedroom apartment with large dens that are perfect living arrangements. These affordable units are available November 18, 2022, and are being taken quickly! Call NOW to schedule a tour and reserve yours today! 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

Applicants

One-time.

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REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Building details

Property details

Units	39

About Pennington Place Apartments

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Apartments in Oklahoma City

Pennington Place Apartments

Located close to the hub of Hefner Parkway, Pennington Place Apartments are beautiful, new, updated units, with sleek and modern amenities. Spacious two bedroom apartment with large dens that are perfect living arrangements. These affordable units are available November 18, 2022, and are being taken quickly! Call NOW to schedule a tour and reserve yours today! 405.607.1311

Zumper Expert Rating

8.3

/10

Very Good

How we rated Pennington Place Apartments

Price·9

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·8

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·9

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·7

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·7

Pennington Place Apartments 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.

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

How Pennington Place Apartments compares to other nearby properties.

Positives

Images Available: There are at least 10 photos of this address

Considerations

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

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Rent trends in Musgrave-Pennington

If you decide to upgrade your space, you can expect 2-bedrooms at Pennington Place Apartments to be 17% less than the average for similarly sized apartments in Musgrave-Pennington.

Median rents as of May 9 2026.

Musgrave-Pennington

Oklahoma City

A table of 2-bedroom apartment rental data trends in Oklahoma City
Month	Median Rent
May 2024	$1,119
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	$1,114
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

A table of 2-bedroom apartment rental data trends in Musgrave-Pennington
Month	Median Rent
November 2025	$1,025
February 2026	$1,150
March 2026	$1,150
April 2026	$1,150

Affordability calculator

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

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

$34,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this 1-bedroom monthly rent price of $850.

For more information on rent affordability, visit our rent calculator.

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