81 Apartments under 900 for rent in Lenexa, KS

Last updated August 16 at 7:47am UTC
The Reserve at 77
12000 W 77th Ter
Lenexa, KS
Updated August 16 at 3:20am UTC
1 Bedroom
$692
2 Bedrooms
$829
Pinnacle Pointe
10460 Pflumm Rd
Lenexa, KS
Updated August 16 at 7:45am UTC
1 Bedroom
$787
2 Bedrooms
$995
3 Bedrooms
$1,205
Results within 1 miles of Lenexa, KS
Results within 5 miles of Lenexa, KS
Park 67 Apartments
6527 Reeder St
Shawnee, KS
Updated August 16 at 6:45am UTC
1 Bedroom
$665
2 Bedrooms
$740
Brownstone Apartment Homes
6126 Marty Ln
Overland Park, KS
Updated August 16 at 6:04am UTC
1 Bedroom
$645
2 Bedrooms
$700

August 2018 Lenexa Rent Report

Welcome to the August 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

August 2018 Lenexa Rent Report

Welcome to the August 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 increase sharply over the past month

Lenexa rents have increased 1.1% over the past month, and have increased moderately by 3.1% in comparison to the same time last year. Currently, median rents in Lenexa stand at $950 for a one-bedroom apartment and $1,170 for a two-bedroom. This is the sixth 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 0.9%, as well as the national average of 1.2%.

Rents rising across cities in the Kansas City Metro

Throughout the past year, rent increases have been occurring not just in the city of Lenexa, but across the entire metro. Of the largest 10 cities that we have data for in the Lenexa metro, 8 of them have seen prices rise. Kansas as a whole logged rent growth of 0.9% over the past year. Here's a look at how rents compare across some of the largest cities in the metro.

  • Looking throughout the metro, Overland Park is the most expensive of all Lenexa metro's major cities, with a median two-bedroom rent of $1,190; of the 10 largest cities in Kansas metro that we have data for, Topeka and Wichita, where two-bedrooms go for $770 and $750, are the only two major cities in the metro to see rents fall year-over-year (-0.4% and -0.3%).
  • Overland Park, Shawnee, and Lawrence have all experienced year-over-year growth above the state average (4.8%, 3.5%, and 1.2%, respectively).

Lenexa rents more affordable than many large cities nationwide

As rents have increased moderately in Lenexa, 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 $1,170 is slightly below the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 3.1% increase in Lenexa.
  • While Lenexa's rents rose moderately over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.4%).
  • Renters will find more reasonable prices in Lenexa than most large cities. For example, San Francisco has a median 2BR rent of $3,090, 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 -0.5% 0.8%
Overland Park $970 $1,190 -0.1% 4.8%
Kansas City $730 $890 1.3% 0.2%
Olathe $930 $1,150 -0.4% 0.4%
Independence $730 $890 -0.2% 0.6%
Shawnee $830 $1,020 0.5% 3.5%
Blue Springs $910 $1,110 0.1% 0.6%
Lenexa $950 $1,170 1.1% 3.1%
Grandview $670 $820 0.6% 0.0%

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.