27 Apartments under 700 for rent in Lenexa, KS

Last updated June 23 at 12:39am UTC
Results within 1 miles of Lenexa, KS
Results within 5 miles of Lenexa, KS
210 S Water St
Central Core
Olathe, KS
Updated June 22 at 5:35pm UTC
2 Bedrooms
$695
8210 Oak Dr
De Soto
De Soto, KS
Updated June 20 at 1:35am UTC
2 Bedrooms
$595
6200 W 51st St.
Mission
Mission, KS
Updated May 11 at 6:43pm UTC
2 Bedrooms
$670
6200 W 51st St.
Mission
Mission, KS
Updated March 27 at 6:40pm UTC
1 Bedroom
$595
Results within 10 miles of Lenexa, KS
110 E 40th St
Southmoreland
Kansas City, MO
Updated June 22 at 5:37pm UTC
1 Bedroom
$650
9522 Harrison St
Linden Hills and Indian Heights
Kansas City, MO
Updated June 22 at 5:35pm UTC
2 Bedrooms
$625
8402 Highland Ave
Marlborough Heights - Marlborough Pride
Kansas City, MO
Updated June 19 at 9:33am UTC
2 Bedrooms
$675
717 N 70th Terrace
Muncie - Stony Pt.
Kansas City, KS
Updated June 19 at 5:41pm UTC
2 Bedrooms
$675

June 2018 Lenexa Rent Report

Welcome to the June 2018 Lenexa Rent Report. Lenexa rents increased over the past month. In this report, we'll evaluate trends in the Lenexa rental market, including comparisons to cities throughout the state and nation.

View full Lenexa Rent Report
Rent Report
Lenexa

June 2018 Lenexa Rent Report

Welcome to the June 2018 Lenexa Rent Report. Lenexa rents increased over the past month. In this report, we'll evaluate trends in the Lenexa rental market, including comparisons to cities throughout the state and nation.

Lenexa rents increased significantly over the past month

Lenexa rents have increased 0.5% over the past month, and have increased moderately by 2.2% in comparison to the same time last year. Currently, median rents in Lenexa stand at $940 for a one-bedroom apartment and $1,150 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in January. Lenexa's year-over-year rent growth leads the state average of 1.1%, as well as the national average of 1.5%.

Rents rising across cities in Kansas

Throughout the past year, rent increases have been occurring not just in the city of Lenexa, but across the entire state. Of the largest 10 cities that we have data for in Kansas, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.1% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Overland Park is the most expensive of all Kansas' major cities, with a median two-bedroom rent of $1,180; of the 10 largest cities in the state that we have data for, Topeka, where a two-bedroom goes for $770, is the only major city to see rents fall year-over-year (-0.9%).
  • Overland Park, Lawrence, and Shawnee have all experienced year-over-year growth above the state average (4.8%, 2.7%, and 2.4%, respectively).

Lenexa rents more affordable than many large cities nationwide

As rents have increased moderately in Lenexa, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Lenexa is still more affordable than most large cities across the country.

  • Lenexa's median two-bedroom rent of $1,150 is slightly below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 2.2% increase in Lenexa.
  • While Lenexa's rents rose moderately over the past year, the city of Seattle saw a decrease of 0.8%.
  • Renters will find more reasonable prices in Lenexa than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than two-and-a-half times the price in Lenexa.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Kansas City $740 $900 0.6% 0.7%
Overland Park $960 $1,180 0.8% 4.8%
Kansas City $720 $890 -0.4% 0.2%
Olathe $930 $1,140 0.8% 2.1%
Independence $730 $890 0.3% 0.7%
Shawnee $820 $1,010 1.3% 2.4%
Blue Springs $910 $1,110 -0.6% 1.1%
Lenexa $940 $1,150 0.5% 2.2%
Grandview $670 $820 -0.2% 0.1%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.