5 Apartments under 500 for rent in Kansas City, MO

Last updated November 21 at 8:44pm UTC
Results within 5 miles of Kansas City, MO
707 N Dodgion St
Town Hall
Independence, MO
Updated November 9 at 5:36pm UTC
1 Bedroom
$450
639 S Crysler Ave
Heart of Independence
Independence, MO
Updated November 16 at 12:25pm UTC
2 Bedrooms
$425
1125 S Hocker Ave Apt C
Benton
Independence, MO
Updated November 15 at 11:33am UTC
1 Bedroom
$475
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November 2017 Kansas City Rent Report

Welcome to the November 2017 Kansas City Rent Report. In this report, we'll evaluate trends in the Kansas City rental market, including comparisons to similar cities nationwide.

View full Kansas City Rent Report
Rent Report
Kansas City

November 2017 Kansas City Rent Report

Welcome to the November 2017 Kansas City Rent Report. In this report, we'll evaluate trends in the Kansas City rental market, including comparisons to similar cities nationwide.

Kansas City rents increased moderately over the past month

Kansas City rents have increased 0.3% over the past month, and are up marginally by 0.6% in comparison to the same time last year. 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 leads the state average of 0.2%, but trails the national average of 2.7%.

Kansas City rents more affordable than many large cities nationwide

As rents have increased marginally in Kansas City, large cities nationwide have seen rents grow more quickly. 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 $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 0.6% rise in Kansas City.
  • While Kansas City's rents rose marginally over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • Renters will find more reasonable prices in Kansas City than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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.

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.