Kansas City Rent Growth Lower Than U.S. Average

By Ian Ritter

Arterra, a luxury high rise in the Crossroads, has spaces for rent.

Here’s some good news for residential renters and not-as-good-news for landlords: Kansas City rent growth year over year rose 2.8 percent, below the national average of 3.2 percent in the second quarter, according to Zillow affiliate HotPads. The firm calculated the median rent in the metro area at $1,270.

Rents growth is essentially the same as the first quarter, when it rose 2.7 percent with a national average increase of 3.1 percent.

Though Kansas City’s second-quarter rent rise lags the national average, some regional cities are even lower. St. Louis’ rent growth was only up 2.5 percent, with a median price of $1.220, while Oklahoma city’s increase was less, at two percent, averaging $1,130.