Overland Park, KS Rental Market Trends

Overland Park Rent Report: April 2024

Welcome to the Apartment List April 2024 Rent Report for Overland Park, KS. Currently, the overall median rent in the city stands at $1,424, after rising 0.9% last month. Prices and are now up 3.6% year-over-year. Read on to learn more about what’s been happening in the Overland Park rental market and how it compares to trends throughout the broader Kansas City metro area and the nation as a whole.

Overland Park rents are up 0.9% month-over-month and up 3.6% year-over-year

The median rent in Overland Park rose by 0.9% over the course of March, and has now increased by a total of 3.6% over the past 12 months. Overland Park’s rent growth over the past year has is similar to the state average (3.0%) and has outpaced the national average (-0.8%).

Overland Park rent growth in 2024 pacing similar last year

Three months into the year, rents in Overland Park have risen 2.9%. This is a similar rate of growth compared to what the city was experiencing at this point last year: from January to March 2023 rents had increased 2.5%.

Overland Park rents are 12.0% higher than the metro-wide median

If we expand our view to the wider Kansas City metro area, the median rent is $1,272 meaning that the median price in Overland Park ($1,424) is 12.0% greater than the price across the metro as a whole. Metro-wide annual rent growth stands at 2.1%, below the rate of rent growth within just the city.

The table below shows the latest rent stats for 8 cities in the Kansas City metro area that are included in our database. Among them, Lee's Summit is currently the most expensive, with a median rent of $1,510. Kansas City is the metro’s most affordable city, with a median rent of $1,106. The metro's fastest annual rent growth is occurring in Gladstone (9.1%) while the slowest is in Kansas City (0.6%).

City
Median 1BR Rent
Median 2BR Rent
M/M Rent Growth
Y/Y Rent Growth
Gladstone
$1,271
$1,473
0.9%
9.1%
Independence
$975
$1,126
1.9%
1.5%
Kansas City
$835
$1,121
0.1%
1.0%
Kansas City
$1,111
$1,311
-0.3%
0.6%
Lee's Summit
$1,304
$1,433
1.3%
1.1%
Lenexa
$1,281
$1,411
0.8%
2.5%
Olathe
$1,100
$1,254
0.7%
1.1%
Overland Park
$1,225
$1,547
0.9%
3.6%
See More

You can also use the map below to explore the latest rent trends in the Kansas City metropolitan area.

Methodology

Apartment List is committed to the accuracy and transparency of our rent estimates. We begin 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, capturing apartment transactions over time 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. For more details, please see the Apartment List Rent Estimate Methodology.

Data Access

Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.

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