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Jazz District Apartments
(816) 494-1045
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Lucas Place Lofts
(816) 221-0173
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The Springhurst
(816) 756-2380
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3951 Warwick Blvd
(816) 756-2380
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Canyon Creek Apartments
(816) 763-6400
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Apartments Under $500 in Kansas City, MO

1 of 5 Results
12
$ Ask - 1,093
Jazz District Apartments
1851 Paseo Kansas City, MO
1 BR | Ask for Availability
Contact
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
Dishwasher
18th and Vine
15
$ Ask - 1,150
Lucas Place Lofts
323 West 8th Street Kansas City, MO
1 BR | Available Now
Contact
Air Conditioning
Fitness Center
Dishwasher
Quality Hill
1
$495 - 525
The Springhurst
3110 Grand Ave Kansas City, MO
1 BR | Available Now
Contact
Heat Included
Cat Friendly
Union Hill
1
$495 - 550
3951 Warwick Blvd
Kansas City, MO
Studio | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
House
In Unit Laundry
1
$445
Canyon Creek Apartments
9355 Bales Drive Kansas City, MO
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Dishwasher
1 - 5 of 5 Results
  1. Home
  2. Kansas City
  3. Apartments Under $500

How much does it cost to rent an apartment in Kansas City?

Kansas City Apartments
Bed Type Average Rent Range
Studio $900 $700 - $1,340
1BR $1,050 $690 - $1,690
2BR $1,240 $800 - $2,140
3BR $1,400 $980 - $2,100
4+BR $1,650 $900 - $3,400
Frequently Asked Questions

How many apartments are available in Kansas City, MO on Rentable.co?

Rentable.co has over 29,458 apartments available in Kansas City.

What is the average rent for a studio apartment in Kansas City, MO?

The average rent for a studio apartment in Kansas City is around $900 per month.

What is the average rent for a one-bedroom apartment in Kansas City, MO?

The average rent for a one-bedroom apartment in Kansas City is around $1,050 per month.

What is the average rent for a two-bedroom apartment in Kansas City, MO?

The average rent for a two-bedroom apartment in Kansas City is around $1,240 per month.

How expensive is living in Kansas City, MO?

Based on average rent prices in Kansas City, to afford a studio apartment you would need an annual salary of $36,000 to live comfortably.

How many apartments under $500 are available in Kansas City, MO on Rentable.co?

Rentable.co has 5 apartments under $500 available for rent in Kansas City.

Which neighborhoods have the most apartments under $500 for rent in Kansas City, MO?

  1. Broadway Gillham
  2. River Market
  3. Sunset Hill
  4. Quality Hill
  5. 18th and Vine

Asset 2
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Kansas City:
March Rent Report

Welcome to the March 2023 Kansas City Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Kansas City rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Kansas City and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Kansas City average rent prices in the chart below.

Monthly Rent Report

Kansas City Rent Prices Decrease From February to March

Kansas City rent prices decreased over the last month. From February to March, the city experienced a -0.53% decrease for the price of a one-bedroom apartment. The rent price for a Kansas City one-bedroom apartments currently stands at $1,129.0.

When we take a look at the two-bedroom comparison from February to March, Kansas City experienced a -0.39% decrease for the price of a two-bedroom apartment. The rent price for a Kansas City two-bedroom apartments currently stands at $1,278.0.

March Prices: Kansas City vs. Surrounding Areas

Rent Prices in Kansas City and Surrounding Areas

Rent prices have decreased in Kansas City over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Kansas City suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Lenexa, KS, Kansas City, KS .

  • Rent decreased in Overland Park, KS, Shawnee, KS, Independence, MO, Lees Summit, MO.

  • 4 suburbs are currently priced higher than the city of Kansas City.

  • 2 suburbs are currently priced lower than the city of Kansas City.

March 2023 Pricing Trends: Kansas City vs. National Comparisons

Kansas City Rent Prices More Affordable Than Major Cities

Rent growth in Kansas City over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Kansas City average rent prices appear to be relatively affordable for local residents.

The price for a Kansas City one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Kansas City and surrounding area rent prices, take a look at the complete data set below.

Data set for Kansas City and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Kansas City, MO $1,135.0 0.35% $1,283.0 0.08%
Overland Park, KS $1,251.0 -0.32% $1,613.0 0.06%
Lenexa, KS $1,510.0 0.20% $1,803.0 0.56%
Shawnee, KS $1,176.0 -4.47% $1,377.0 -1.15%
Independence, MO $999.0 -1.87% $1,008.0 1.61%
Lees Summit, MO $1,321.0 -0.38% $1,388.0 1.02%
Kansas City, KS $753.0 0.67% $915.0 1.33%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.