Apartments for Rent in Kansas City, MO - Home Rentals | realtor.com® (2024)

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What is the average cost of housing in Kansas City MO? ›

Kansas City, MO housing market

The median listing home price in Kansas City, MO was $260K in April 2024, trending down -10% year-over-year. The median listing home price per square foot was $163. The median home sold price was $342.9K.

Going a bit deeper, KC came in seventh out of the 50-largest metros in the US for a year-over-year median rent increases. KC rent is lower than a national average by $300 a month, but a median of nearly $1,700 is still tough to swallow.

When you rent an apartment in Kansas City, you can expect to pay about $952 per month for a studio, $1,149 for a one-bedroom apartment, and around $1,340 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,636 or more. $952/mo. $1,149/mo.

Kansas City landed at No. 39 in the report, requiring an hourly wage of $43.40 or a salary of $90,272 for a single adult to live comfortably. Two working adults with two kids would need to make $213,325. Alternatively, cities on both coasts ranked as the most expensive for single earners and families.

Living comfortably in Kansas City nearly requires a six-figure income, a new study by SmartAsset shows. In Kansas City, an individual must make an annual salary of at least $90,272 — or an hourly wage of $43.40 — to achieve a comfortable lifestyle as defined in the study.

With a cost of living 2.5 percent below the national average, from groceries to gas, utilities and housing, Kansas City is one of the most affordable cities in the Midwest. Cost of living indices are based on a U.S. average of 100. An amount below 100 means Kansas City, Missouri is cheaper than the U.S. average.

San Francisco still holds the crown as the most expensive rental market in the country.

The lowest rental rates are usually found between October and April, particularly right after the December holiday season. Fewer people are interested in moving—the weather's bad, schools are in session, etc. So individuals renting between the months of December and March typically find the best rental bargains.

Following the 30% rule might look something like this: If your gross income is $10,000 per month: You can afford a $3,000 monthly rent. If your gross income is $6,667 per month: You can afford a $2,000 monthly rent. If your gross income is $5,000 per month: You can afford a $1,500 monthly rent.

West Virginia ranked as the state with the lowest average rent, according to doxo. The average cost of bills in West Virginia, including rent, is 25.2% below the national average and the overall cost of living in West Virginia comes in at 9% lower, according to RentCafe.

Is Kansas City Missouri expensive to live? ›

Kansas City, MO housing is 6% cheaper than the U.S average, while utilities are about 8% pricier. When it comes to basic necessities such as food and clothing, groceries are around 9% less in Kansas City, MO than in the rest of the country, while clothing costs around 9% less .

$247,255. The average Missouri home value is $247,255, up 5.0% over the past year and goes to pending in around 8 days.

In Missouri, the overall cost of living is 85.9% of the national average, while in Kansas, it is 83.1% of the average. The cost of groceries in both states is almost the same and comes close to the national average, so even though you will make savings elsewhere, don't expect your groceries to be extremely cheap.