147 Luxury Apartments for rent in Kansas City, MO

Last updated July 22 at 12:37pm UTC
Summit Crossing
14500 E Bannister Rd
Kansas City, MO
Updated July 22 at 12:11pm UTC
1 Bedroom
$904
2 Bedrooms
$1,219
3 Bedrooms
$1,429

July 2018 Kansas City Rent Report

Welcome to the July 2018 Kansas City Rent Report. Kansas City rents increased 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

July 2018 Kansas City Rent Report

Welcome to the July 2018 Kansas City Rent Report. Kansas City rents increased 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 rents increased significantly over the past month

Kansas City rents have increased 0.5% over the past month, and have increased slightly by 1.1% in comparison to the same time last year. Currently, median rents in Kansas City stand at $740 for a one-bedroom apartment and $910 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in March. Kansas City's year-over-year rent growth leads the state average of 0.2%, but trails the national average of 1.4%.

Rents steady across cities in the Kansas City Metro

Throughout the past year, rent increases have been occurring in the city of Kansas City, but trends across other cities in the metro have varied - of the largest 10 cities that we have data for in the Kansas City metro, some have seen decreases while other cities have rents increasing. Missouri 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 metro.

  • Looking throughout the metro, Overland Park is the most expensive of all Kansas City metro's major cities, with a median two-bedroom rent of $1,190; of the 10 largest Missouri metro cities that we have data for, 5 have seen rents fall year-over-year, with Springfield experiencing the fastest decline (-2.0%).
  • Overland Park, Shawnee, and Olathe have all experienced year-over-year growth above the state average (5.1%, 2.3%, and 1.3%, respectively).

Kansas City rents more affordable than many large cities nationwide

As rents have increased slightly 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 $910 is below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 1.1% increase in Kansas City.
  • While Kansas City's rents rose slightly over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and Minneapolis (-0.1%).
  • 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 more than three 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 $740 $910 0.5% 1.1%
Overland Park $970 $1,190 0.9% 5.1%
Kansas City $720 $880 -0.6% -0.7%
Olathe $940 $1,150 0.4% 1.3%
Independence $730 $890 0.0% 0.5%
Shawnee $830 $1,010 0.5% 2.3%
Blue Springs $910 $1,110 -0.0% 0.7%
Lenexa $940 $1,160 0.7% 2.5%
Grandview $670 $820 -0.4% -0.3%

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.