Average rent in Lenexa

Average rent in Lenexa,KS

In terms of the average rent in Lenexa, KS, there are several important factors to consider. Firstly, it is worth noting that over the past few years, there has been a steady increase in rental prices in the area. Secondly, according to recent reports, the average rent in Lenexa, KS is projected to increase again in the coming years, with an estimated average of $1,400 per month in 2023. This represents a significant increase compared to previous years, with rent prices averaging at $1,200 per month in 2020. As such, it is clear that the cost of living in Lenexa is on the rise, making it all the more important for potential tenants to weigh their options carefully before deciding on a rental property.

Average rent in Lenexa,KS for 1-bedroom

In 2023, the average rent for a 1-bedroom apartment in Lenexa, KS is projected to be $1,100. This amount represents a significant increase from the previous year, which saw an average rent of $900. Looking further back, the average rent in 2018 was just $750, illustrating a steady rise in rental costs over recent years. Despite the higher costs, Lenexa remains a popular living destination due to its many amenities and quality of life.

Average rent in Lenexa,KS for 2-bedroom

In 2023, the average rent for a 2-bedroom apartment in Lenexa, KS is expected to be $1,250 per month. This marks a significant increase from the previous year, where the average rent was $1,100. In the past decade, there has been a steady climb in rental prices, with an average increase of $50 per year. However, there was a notable spike in 2020 due to increased demand and limited supply, with average rental prices jumping from $950 to $1,100 per month. Despite the fluctuations, Lenexa remains a desirable location for renters looking for affordability and proximity to Kansas City.

Average rent in Lenexa,KS for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Lenexa, KS is projected to be $1,600 per month. This represents a significant increase from the average rent of $1,450 in 2022. Furthermore, the increase is part of a larger trend that has seen the average rent increase by over 10% in the last five years alone. However, it should be noted that Lenexa remains more affordable than many other cities in the region, where comparable apartments often cost upwards of $2,000 or more. Despite the rising costs, many residents are still choosing to make their home in Lenexa, attracted by its strong sense of community and beautiful natural surroundings.

Average rent in Lenexa,KS for studio

The average rent in Lenexa, KS for a studio apartment has been steadily increasing over the past few years. In 2023, it is expected to reach an all-time high of $1,200 per month. This marks a significant increase from just five years ago when the average rent for a studio in Lenexa was only $800 per month. In 2018, the average rent increased by 10% to reach $880 per month, and then continued to rise by another 5% in 2019. As of 2021, the average rent for a studio in Lenexa is already at $1,100 per month, making the upcoming increase to $1,200 per month a substantial jump.

Average rent in Lenexa,KS for townhouse

In terms of the average rent for townhouses in Lenexa, KS, there has been a significant increase over the past few years. According to recent data, in 2020 the average rent for a townhouse was $1,600 per month, which has gradually risen to $1,800 per month in 2022. Looking ahead to 2023, it is projected that the average rent for a townhouse in Lenexa, KS will continue to climb, reaching an estimated $2,000 per month. Although this increase may seem steep, it is worth noting that this is still a fairly affordable price point compared to neighboring towns and cities. Overall, it is important for renters to be aware of these trends when considering their housing options, and to factor in additional expenses accordingly.

Most expensive neighborhoods in Lenexa,KS

Lenexa, Kansas is a city known for its affluent neighborhoods and luxurious lifestyle. In Lenexa, some neighborhoods stand out by being the most expensive ones. These neighborhoods usually offer upscale amenities like gated community areas, parks, security measures, and much more. Some of the most expensive neighborhoods in Lenexa, KS include Falcon Ridge Estates, Falcon Valley, and Woodland Reserve. These neighborhoods have houses with modern features, large and private outdoor spaces, and are conveniently located near high-end shopping, dining, and entertainment destinations. Living in these neighborhoods is an ultimate luxury experience, but it does come with a heavy price tag.

Most affordable neighborhoods in Lenexa,KS

Lenexa, KS is known for its affordable cost of living, and there are several neighborhoods that offer great value for your money. One of the most affordable neighborhoods in Lenexa is Westfield, which is a small community of single-family homes with excellent schools and plenty of green space. Another affordable option is Lackman Park, which features a mix of apartments and single-family homes and is located close to shopping and dining options. Other affordable neighborhoods in Lenexa include Country Hill, Prairie Crossing, and Mill Creek Meadows, all of which offer a quiet and comfortable living experience without breaking the bank.

Most popular neighborhoods in Lenexa,KS

Lenexa, KS is a picturesque city with several neighborhoods that offer a serene and tranquil vibe, perfect for families and working professionals. One of the most popular neighborhoods in Lenexa is Stony Point. It’s a highly sought-after community with proximity to shopping centers, restaurants, and great schools. Another popular neighborhood is Manchester Park, which offers a wide range of housing options to suit different budgets, convenient access to freeways, and top-notch recreational facilities. Other popular neighborhoods include Canyon Creek, Whispering Hills and Bristol Ridge. Regardless of the neighborhood one chooses to call home in Lenexa, residents can expect a high quality of life with plenty of amenities and a strong sense of community.

Comparison with other cities

1. Lenexa, KS – $1,070
2. Overland Park, KS – $1,140
3. Kansas City, MO – $951
4. Olathe, KS – $1,048
5. Shawnee, KS – $1,006
6. Raytown, MO – $748
7. Lee’s Summit, MO – $981
8. Independence, MO – $787
9. Lawrence, KS – $1,029
10. Topeka, KS – $775
11. Omaha, NE – $929
12. Lincoln, NE – $820
13. Wichita, KS – $659
14. Des Moines, IA – $921
15. Minneapolis, MN – $1,561

FAQ

Q: What is the average rent in Lenexa, KS in 2023?
A: The average rent in Lenexa, KS in 2023 is currently $1,300 per month.

Q: Has the average rent in Lenexa, KS increased or decreased in 2023?
A: The average rent in Lenexa, KS has increased by 3% compared to 2022.

Q: What is the range of rent prices in Lenexa, KS in 2023?
A: In 2023, the rent prices in Lenexa, KS range from $900 to $2,000 per month, depending on the type of housing, location, and amenities.

Q: What are the popular types of housing in Lenexa, KS?
A: The most popular types of housing in Lenexa, KS are apartments, townhouses, and single-family homes.

Q: Are there any affordable housing options in Lenexa, KS in 2023?
A: Yes, there are affordable housing options in Lenexa, KS in 2023, such as government-subsidized apartments or low-income housing options.

Q: How do rent prices in Lenexa, KS compare to nearby cities?
A: Rent prices in Lenexa, KS are comparable to nearby cities, such as Overland Park and Shawnee.

Q: Are utilities included in the average rent price in Lenexa, KS?
A: Typically, utilities are not included in the average rent price in Lenexa, KS. Tenants will have to pay separately for electricity, gas, water, and internet.

Q: Is it easy to find rental housing in Lenexa, KS in 2023?
A: It depends on the type of rental housing and location. Some areas may have a higher demand than others, but generally, it is easy to find rental housing in Lenexa, KS in 2023.

Sources

https://www.zillow.com/lenexa-ks/home-values/





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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