4 Apartments under 500 for rent in Kansas City, MO

Last updated May 27 at 6:32pm UTC
7005 N Bales Ave
Carriage Hills
Kansas City, MO
Updated May 27 at 6:32pm UTC
1 Bedroom
$489
11540 Holiday Dr.
Hickman Mills
Kansas City, MO
Updated May 11 at 6:43pm UTC
1 Bedroom
$410
Results within 1 miles of Kansas City, MO
3545 NE 72nd St.
Linden
Gladstone, MO
Updated May 11 at 6:43pm UTC
1 Bedroom
$495
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May 2018 Kansas City Rent Report

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

View full Kansas City Rent Report
Rent Report
Kansas City

May 2018 Kansas City Rent Report

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

Kansas City rent trends were flat over the past month

Over the past month Kansas City rents have remained steady. Currently, median rents in Kansas City stand at $730 for a one-bedroom apartment and $900 for a two-bedroom. Kansas City's year-over-year rent growth lags the state average of 0.5%, as well as the national average of 1.5%.

Rents rising across cities in Missouri

Throughout the past year, rents have remained steady in the city of Kansas City, 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 0.5% 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 Missouri's major cities, with a median two-bedroom rent of $1,170; of the 10 largest cities in Missouri that we have data for, St. Charles, Springfield, and Columbia, where two-bedrooms go for $1,040, $680, and $730, respectively, are the three major cities in the state to see rents fall year-over-year (-2.6%, -1.2%, and -0.1%).
  • Overland Park, Kansas City, and Olathe have all experienced year-over-year growth above the state average (4.5%, 2.0%, and 1.9%, respectively).

Kansas City rents more affordable than many large cities nationwide

Rent growth in Kansas City has been relatively stable over the past year - some other large cities have seen more substantial increases. Kansas City is still more affordable than most large cities across the country.

  • Kansas City's median two-bedroom rent of $900 is below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the stagnant growth in Kansas City.
  • While rents in Kansas City remained moderately stable this year, similar cities saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Denver (+1.6%); note that median 2BR rents in these cities go for $1,030, $1,170, and $1,320 respectively.
  • Renters will find more reasonable prices in Kansas City than most large cities. For example, San Francisco has a median 2BR rent of $3,060, which is nearly three-and-a-half times the price in Kansas City.

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% 0.3%
Overland Park $950 $1,170 0.6% 4.5%
Kansas City $730 $890 -0.1% 2.0%
Olathe $930 $1,140 0.7% 1.9%
Independence $730 $890 0.5% 1.0%
Shawnee $810 $990 -0.1% 1.8%
Blue Springs $910 $1,120 0.1% 1.9%
Lenexa $930 $1,140 0.3% 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.