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53 2 Bedroom Apartments for rent in Overland Park, KS

Last updated November 24 at 4:52am UTC
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November 2017 Overland Park Rent Report

Welcome to the November 2017 Overland Park Rent Report. In this report, we'll evaluate trends in the Overland Park rental market, including comparisons to cities throughout the state and nation.

View full Overland Park Rent Report
Rent Report
Overland Park

November 2017 Overland Park Rent Report

Welcome to the November 2017 Overland Park Rent Report. In this report, we'll evaluate trends in the Overland Park rental market, including comparisons to cities throughout the state and nation.

Overland Park rents increase sharply over the past month

Overland Park rents have increased 0.7% over the past month, and have increased moderately by 3.1% in comparison to the same time last year. Currently, median rents in Overland Park stand at $940 for a one-bedroom apartment and $1,150 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in August. Overland Park's year-over-year rent growth leads the state average of 1.9%, as well as the national average of 2.7%.

Rents rising across cities in Kansas

Throughout the past year, rent increases have been occurring not just in the city of Overland Park, 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 1.9% 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 $1,150; of the 10 largest cities in Kansas that we have data for, Manhattan and Topeka, where two-bedrooms go for $760 and $770, are the only two major cities in the state to see rents fall year-over-year (-1.1% and -0.7%).
  • Lawrence, Olathe, and Overland Park have all experienced year-over-year growth above the state average (6.9%, 4.2%, and 3.1%, respectively).

Overland Park rents more affordable than many large cities nationwide

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

  • Overland Park's median two-bedroom rent of $1,150 is slightly below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 3.1% increase in Overland Park.
  • While Overland Park's rents rose moderately over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • Renters will find more reasonable prices in Overland Park 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 Overland Park.

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 $730 $900 0.3% 0.6%
Overland Park $940 $1,150 0.7% 3.1%
Kansas City $720 $890 -0.8% 1.3%
Olathe $930 $1,140 -0.4% 4.2%
Independence $720 $880 0.1% 1.0%
Lenexa $940 $1,150 0.2% 2.1%

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.