Kansas City, MO Rental Market Trends

Kansas City Rent Report: March 2024

Welcome to the Apartment List March 2024 Rent Report for Kansas City, MO. Currently, the overall median rent in the city stands at $1,288, roughly the same as last month. Prices and are now up 1.4% year-over-year. Read on to learn more about what’s been happening in the Kansas City rental market and how it compares to trends throughout the broader Kansas City metro area and the nation as a whole.

Kansas City rents are flat month-over-month and up 1.4% year-over-year

The median rent in Kansas City rose by 0.2% over the course of February, and has now increased by a total of 1.4% over the past 12 months. Kansas City’s rent growth over the past year has is similar to the state average (1.3%) and has outpaced the national average (-1.0%).

Kansas City rent growth in 2024 pacing similar last year

Two months into the year, rents in Kansas City have risen 0.2%. This is a similar rate of growth compared to what the city was experiencing at this point last year: from January to February 2023 rents had decreased 0.0%.

February rent growth in Kansas City ranked #47 among large U.S. cities

Kansas City rents went up 0.2% in the past month, compared to the national rate of 0.2%. Among the nation's 100 largest cities, this ranks #47. Similar monthly rent growth took place in Glendale, AZ (0.2%) and Denver, CO (0.2%).

Kansas City is the #68 most expensive large city in the U.S., with a median rent of $1,288

Citywide, the median rent currently stands at $1,117 for a 1-bedroom apartment and $1,319 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,288. That ranks #68 in the nation, among the country's 100 largest cities.

For comparison, the median rent across the nation as a whole is $1,210 for a 1-bedroom, $1,363 for a 2-bedroom, and $1,377 overall. The median rent in Kansas City is 6.5% lower than the national, and is similar to the prices you would find in Pittsburgh, PA ($1,302) and Houston, TX ($1,286).

Kansas City rents are 1.4% higher than the metro-wide median

If we expand our view to the wider Kansas City metro area, the median rent is $1,270 meaning that the median price in Kansas City proper ($1,288) is 1.4% greater than the price across the metro as a whole. Metro-wide annual rent growth stands at 2.7%, above the rate of rent growth within just the city.

The table below shows the latest rent stats for 9 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 $1,500. Independence is the metro’s most affordable city, with a median rent of $1,099. The metro's fastest annual rent growth is occurring in Gladstone (8.4%) while the slowest is in Olathe (0.5%).

City
Median 1BR Rent
Median 2BR Rent
M/M Rent Growth
Y/Y Rent Growth
Gladstone
$1,263
$1,463
-0.2%
8.4%
Independence
$945
$1,091
-0.1%
1.2%
Kansas City
$838
$1,125
0.4%
2.2%
Kansas City
$1,117
$1,319
0.2%
1.4%
Lee's Summit
$1,295
$1,424
0.7%
1.9%
Lenexa
$1,270
$1,398
-0.3%
1.7%
Olathe
$1,094
$1,247
1.2%
0.5%
Overland Park
$1,214
$1,534
1.3%
4.8%
Shawnee
$963
$1,166
0.1%
5.8%
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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