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18 Cheap Apartments for rent in Columbia, MO

Last updated November 15 at 1:56pm UTC
4200 S BEARFIELD RD
Columbia
Columbia, MO
Updated November 15 at 1:56pm UTC
1 Bedroom
$520
1518 Sylvan Ln
White Gate
Columbia, MO
Updated November 10 at 6:15pm UTC
1 Bedroom
$425
1411 Paris Rd
Benton - Stephens
Columbia, MO
Updated November 10 at 6:14pm UTC
1 Bedroom
$450
1400 ANTHONY ST
East Campus
Columbia, MO
Updated November 10 at 2:20am UTC
1 Bedroom
$500
1407 RICHARDSON
Benton - Stephens
Columbia, MO
Updated November 9 at 10:23am UTC
4 Bedrooms
$450
1511 WINDSOR ST
Benton - Stephens
Columbia, MO
Updated November 9 at 10:23am UTC
3 Bedrooms
$500
310 HARTLEY CT
Benton - Stephens
Columbia, MO
Updated November 9 at 10:23am UTC
3 Bedrooms
$475
221 N ANN ST
Benton - Stephens
Columbia, MO
Updated November 9 at 10:23am UTC
4 Bedrooms
$375
1409 Paris Rd
Benton - Stephens
Columbia, MO
Updated November 8 at 8:45pm UTC
1 Bedroom
$450
514 S William St
East Campus
Columbia, MO
Updated November 8 at 8:45pm UTC
5 Bedrooms
$490
1517 Rosemary Ln
East Campus
Columbia, MO
Updated November 8 at 8:45pm UTC
3 Bedrooms
$460
208 N WILLIAM ST
Benton - Stephens
Columbia, MO
Updated November 7 at 9:36pm UTC
1 Bedroom
$300
2817 WILLOWBROOK RD
White Gate
Columbia, MO
Updated November 5 at 2:35pm UTC
2 Bedrooms
$550
2404 CALICO LN
White Gate
Columbia, MO
Updated October 30 at 11:53pm UTC
1 Bedroom
$500
1100 EASTLAND CIR
Columbia
Columbia, MO
Updated October 30 at 8:35pm UTC
1 Bedroom
$450
1413 Paris Rd
Benton - Stephens
Columbia, MO
Updated November 8 at 8:46pm UTC
4 Bedrooms
$450
514 S William St
East Campus
Columbia, MO
Updated November 8 at 8:46pm UTC
Studio
$490
1517 Rosemary Ln
East Campus
Columbia, MO
Updated November 8 at 8:46pm UTC
Studio
$450

November 2018 Columbia Rent Report

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

View full Columbia Rent Report
Rent Report
Columbia

November 2018 Columbia Rent Report

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

Columbia rent trends were flat over the past month

Over the past month Columbia rents have remained steady. Currently, median rents in Columbia stand at $570 for a one-bedroom apartment and $720 for a two-bedroom. Columbia's year-over-year rent growth leads the state average of 0.2%, but trails the national average of 1.1%.

Rents rising across cities in Missouri

Throughout the past year, rents have remained steady in the city of Columbia, but other cities across the entire state have seen rents increase. Of the largest 10 cities that we have data for in Missouri, 7 of them have seen prices rise. The state as a whole logged rent growth of 0.2% 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, Ballwin is the most expensive of all Missouri's major cities, with a median two-bedroom rent of $1,330; of the 10 largest cities in Missouri that we have data for, Chesterfield, St. Louis, and Florissant, where two-bedrooms go for $1,250, $930, and $1,000, respectively, are the three major cities in the state to see rents fall year-over-year (-0.7%, -0.2%, and -0.1%).
  • St. Charles, Independence, and Kansas City have all experienced year-over-year growth above the state average (1.7%, 0.9%, and 0.8%, respectively).

Columbia rents more affordable than many large cities nationwide

Rent growth in Columbia has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Columbia is still more affordable than most large cities across the country.

  • Columbia's median two-bedroom rent of $720 is below the national average of $1,180. Nationwide, rents have grown by 1.1% over the past year compared to the stagnant growth in Columbia.
  • While rents in Columbia remained moderately stable this year, similar cities saw increases, including Phoenix (+3.0%), Atlanta (+1.5%), and New York (+1.5%); note that median 2BR rents in these cities go for $1,050, $1,190, and $2,520 respectively.
  • Renters will find more reasonable prices in Columbia than most large cities. For example, San Francisco has a median 2BR rent of $3,100, which is more than four times the price in Columbia.

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.

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.