Located just below 31st Street in the broad swath between its namesake roadways, Broadway Gillham is a youthful Kansas City neighborhood known for its rapid growth and convenient access to surrounding areas. Broadway Gillham itself is fairly residential, with tons of apartment options and easy access to more active neighborhoods. Just to the south is Westport, and just to the north is Crown Center — a huge shopping and entertainment destination boasting the LEGOLAND Discovery Center, historic Union Station, Sea Life aquarium and the National World War I Museum and Memorial. Broadway-Gillham is highly walkable and boasts a number of restaurants and the Midtown Marketplace, meaning you can grab some groceries or a bite to eat right outside your apartment. Since Broadway Gillham has numerous housing options, apartments are generally cheaper than the surrounding neighborhood, and you have more flexibility with when to start your search.
If you're not sure how much an apartment will cost, the table below shows the average price by size.
Welcome to the April 2020 Kansas City Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the April 2020 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 rent prices in the chart below.
Kansas City rent prices decreased over the last month. From March to April, the city experienced a -0.37% decrease for the price of a one-bedroom apartment. The rent price for a Kansas City one-bedroom apartments currently stands at $1,080.0.
When we take a look at the two-bedroom comparison from March to April, Kansas City experienced a 1.4% increase for the price of a two-bedroom apartment. The rent price for a Kansas City two-bedroom apartments currently stands at $1,084.0.
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 6 of the Kansas City suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Overland Park, KS, Shawnee, KS, Lenexa, KS, Independence, MO, Mission, KS, Prairie Village, KS .
Rent decreased in Kansas City, KS.
1 suburb is currently priced higher than the city of Kansas City.
6 suburbs are currently priced lower than the city of Kansas City.
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 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.
You can view the full rundown of ABODO's April 2020 National Apartment Report and data set here.
For more information about Kansas City and surrounding area rent prices, take a look at the complete data set below.
|1 BR April||1 BR M/M % Change||2 BR April||2 BR M/M % Change|
|Kansas City, MO||$1,084.0||1.69%||$1,069.0||0.38%|
|Overland Park, KS||$969.0||2.65%||$1,208.0||5.14%|
|Kansas City, KS||$696.0||-0.43%||$777.0||0.26%|
|Prairie Village, KS||$1,213.0||2.54%||$1,371.0||4.18%|
Each month, using over 1 million ABODO 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.