Average rent in Lawrence

Average rent in Lawrence,KS

In terms of the average rent in Lawrence, KS, there are several important things to consider. Firstly, it is worth noting that the average rent per month is expected to increase to $1,200 in 2023. This represents a significant rise compared to the previous years, where the average rent was $1,000 in 2020 and $1,100 in 2021. Such an increase could have a significant impact on the local rental market and the wider economy. Furthermore, it is important to consider the reasons behind this rise, which may include factors such as increased demand for rental properties, rising property prices, or changes in the local job market. Ultimately, those who are looking to rent in Lawrence, KS should carefully consider these trends and their potential impact on their housing options and financial situation.

Average rent in Lawrence,KS for 1-bedroom

In regards to the average rent in Lawrence,KS for a 1-bedroom apartment, there has been a slight increase in recent years. In 2023, the average rent for a 1-bedroom in Lawrence,KS is projected to be $850. This marks a 5% increase from the average rent in 2022, which was $810. Compared to the average rent in 2021, which was $780, there has been a 9% increase. Overall, it appears that the average rent in Lawrence,KS for a 1-bedroom is steadily increasing, indicating a potentially changing housing market.

Average rent in Lawrence,KS for 2-bedroom

The average rent in Lawrence, KS for a 2-bedroom apartment is projected to increase from $900 in 2021 to $1,050 in 2023. This increase of $150 is significant and is due to a variety of factors, including rising property values and increased demand for rental units. Furthermore, in comparison to the average rent in Lawrence, KS for a 2-bedroom apartment in 2019, which was $850, the projected 2023 average rent represents a notable increase over the prior two years. Despite this uptick, Lawrence remains an affordable option for those seeking a 2-bedroom apartment in the area.

Average rent in Lawrence,KS for 3-bedroom

In terms of the average rent for a 3-bedroom apartment in Lawrence, KS, there has been some fluctuation in recent years. According to data from 2023, the average rent for a 3-bedroom apartment in Lawrence is $1,500. However, this is a slight increase from the previous year, where the average rent was $1,450. Comparatively, in 2021, the average rent for a 3-bedroom apartment in Lawrence was only $1,300, which represents a significant jump in just two years. Despite this increase, Lawrence is still considered to be an affordable place to live when compared to other major cities in the United States. Overall, it is important to stay up-to-date on the latest rent trends in Lawrence in order to make informed decisions about housing.

Average rent in Lawrence,KS for studio

In terms of the average rent in Lawrence, KS for a studio, there has been a steady increase in recent years. According to recent data, the average rent for a studio in Lawrence, KS is projected to be around $980 in 2023, which is a significant increase from the previous year. This upward trend seems to have been consistent over the past few years, with a 5% increase in 2020 and a 7% increase in 2021. Despite this trend, it is important to note that Lawrence remains a relatively affordable option compared to other cities in Kansas, such as Overland Park and Wichita. Nevertheless, residents in the region should be cautious of the potential for continued increases in rent prices.

Average rent in Lawrence,KS for townhouse

In 2023, the average rent for a townhouse in Lawrence, KS has significantly increased. According to recent data, the average rent for a townhouse in Lawrence, KS is now $1,500 per month. This is a considerable increase compared to the previous year, where the average rent was $1,200 per month. Additionally, in the past five years, the average rent has steadily increased from $950 per month in 2018 to $1,500 per month in 2023. However, despite the higher cost of living, Lawrence, KS continues to attract residents due to its vibrant cultural scene, excellent schools, and abundance of job opportunities. Thus, renters are willing to pay the higher rent for the quality of life that Lawrence, KS offers.

Most expensive neighborhoods in Lawrence,KS

Lawrence, KS is home to several upscale neighborhoods known for their luxurious homes, stunning views, and outstanding amenities. Some of the most expensive neighborhoods in Lawrence include Alvamar Estates, The Reserve at Alvamar, and Stoneridge Estates. These neighborhoods feature spacious homes with plenty of green space and privacy. Families often choose these neighborhoods because of their great schools and access to nearby parks, golf courses, and other recreational facilities. Despite their high prices, these neighborhoods continue to attract residents who are willing and able to pay a premium for the best that Lawrence has to offer.

Most affordable neighborhoods in Lawrence,KS

Lawrence, Kansas is a picturesque town known for its vibrant culture and welcoming community. If you’re on the hunt for an affordable neighborhood in Lawrence, there are a few areas to consider. The first option is the neighborhood surrounding the University of Kansas. It offers plenty of affordable apartments and apartments within walking distance to the university. Another option is the neighborhood around the Lawrence public library, which is located in the heart of downtown Lawrence. This area offers a variety of affordable rentals, from renovated historic homes to trendy apartment complexes. No matter which neighborhood you choose, Lawrence’s affordable housing options make it easy to live in this charming town on a budget.

Most popular neighborhoods in Lawrence,KS

Lawrence, Kansas is a vibrant college town that’s home to some of the most popular neighborhoods in the region. One of the top neighborhoods in Lawrence is Old West Lawrence, which is known for its charming historic homes, tree-lined streets, and proximity to downtown. Another sought-after area is Pinckney, which boasts a mix of quaint cottages and larger homes along with easy access to parks and trails. East Lawrence is also a popular spot thanks to its hip vibe, unique galleries, and lovely parks. Whether you’re a student, a young professional, or someone looking for a tight-knit community, there’s sure to be a neighborhood in Lawrence that’s perfect for you.

Comparison with other cities

1. New York, NY – $3,199
2. San Francisco, CA – $2,998
3. Boston, MA – $2,759
4. Washington, DC – $2,539
5. Los Angeles, CA – $2,309
6. Chicago, IL – $1,964
7. Atlanta, GA – $1,538
8. Miami, FL – $1,438
9. Denver, CO – $1,417
10. Austin, TX – $1,389
11. Portland, OR – $1,328
12. Nashville, TN – $1,244
13. Phoenix, AZ – $1,232
14. Charlotte, NC – $1,225
15. Minneapolis, MN – $1,216

FAQ

Q: What is the average rent in Lawrence, KS in 2023?
A: According to the latest data, the average rent in Lawrence, KS in 2023 is $1,354 per month.

Q: Has the average rent in Lawrence, KS increased from the previous year?
A: Yes, the average rent in Lawrence, KS has increased by approximately 3.5% from the previous year.

Q: What types of rental properties are included in the average rent in Lawrence, KS?
A: The average rent in Lawrence, KS includes all types of rental properties, including apartments, condos, and single-family homes.

Q: Is the average rent in Lawrence, KS higher or lower than the national average?
A: The average rent in Lawrence, KS is slightly lower than the national average for rent, which is currently $1,468 per month.

Q: Are there any areas in Lawrence, KS where rent is more expensive than the average?
A: Yes, there are some areas in Lawrence, KS where rent is more expensive than the average due to factors such as location and amenities.

Q: Are there any areas in Lawrence, KS where rent is less expensive than the average?
A: Yes, there are some areas in Lawrence, KS where rent is less expensive than the average due to factors such as location and type of property.

Q: What factors affect the average rent in Lawrence, KS?
A: Factors that affect the average rent in Lawrence, KS include location, type of property, amenities, and demand for rental properties.

Q: Is it more cost-effective to rent or buy in Lawrence, KS?
A: It depends on a variety of factors, including personal financial situation, lifestyle, and housing goals. It is recommended to consult with a real estate professional to determine the most cost-effective option for individual circumstances.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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