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9 Cheap Apartments for rent in Columbia, MO

Last updated January 20 at 1:20pm UTC
1615 Sylvan Lane, Unit 2J
White Gate
Columbia, MO
Updated January 20 at 10:06am UTC
2 Bedrooms
$500
310 HARTLEY CT
Benton - Stephens
Columbia, MO
Updated January 20 at 1:20pm UTC
3 Bedrooms
$475
1407 RICHARDSON
Benton - Stephens
Columbia, MO
Updated January 20 at 1:20pm UTC
4 Bedrooms
$450
1511 WINDSOR ST
Benton - Stephens
Columbia, MO
Updated January 20 at 1:20pm UTC
3 Bedrooms
$500
221 N ANN ST
Benton - Stephens
Columbia, MO
Updated January 20 at 1:20pm UTC
4 Bedrooms
$375
506 N WILLIAM ST
Benton - Stephens
Columbia, MO
Updated January 20 at 1:20pm UTC
2 Bedrooms
$500
1400 ANTHONY ST
East Campus
Columbia, MO
Updated January 20 at 1:20pm UTC
1 Bedroom
$500
3 Bedrooms
Ask
6 Bedrooms
Ask
1518 Sylvan Ln #002
White Gate
Columbia, MO
Updated January 20 at 12:22pm UTC
1 Bedroom
$425
Results within 1 miles of Columbia, MO
4200 S BEARFIELD RD
Boone County
Boone County, MO
Updated January 20 at 1:20pm UTC
1 Bedroom
$520

January 2019 Columbia Rent Report

Welcome to the January 2019 Columbia Rent Report. Columbia rents increased 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

January 2019 Columbia Rent Report

Welcome to the January 2019 Columbia Rent Report. Columbia rents increased 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

Columbia rents have remained flat over the past month, however, they have increased marginally by 0.7% year-over-year. 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 -0.4%, but trails the national average of 0.9%.

Rents rising across cities in Missouri

Throughout the past year, rent increases have been occurring not just in the city of Columbia, but across the entire state. Of the largest 10 cities that we have data for in Missouri, 8 of them have seen prices rise. The state as a whole logged rent growth of -0.4% 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, Chesterfield is the most expensive of all Missouri's major cities, with a median two-bedroom rent of $1,260; of the 10 largest cities in Missouri that we have data for, Blue Springs and Chesterfield, where two-bedrooms go for $1,100 and $1,260, are the only two major cities in the state to see rents fall year-over-year (-1.2% and -0.3%).
  • St. Peters, St. Charles, and Kansas City have all experienced year-over-year growth above the state average (6.6%, 1.2%, and 0.8%, respectively).

Columbia rents more affordable than many large cities nationwide

As rents have increased marginally in Columbia, a few large cities nationwide have also seen rents grow modestly. 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 0.9% over the past year compared to the 0.7% increase in Columbia.
  • While Columbia's rents rose marginally over the past year, many cities nationwide also saw increases, including Phoenix (+3.3%), New York (+2.7%), and Denver (+2.5%).
  • Renters will find more reasonable prices in Columbia than most large cities. For example, San Francisco has a median 2BR rent of $3,090, 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.