Average rent in Overland Park

Average rent in Overland Park,KS

To begin with, the average rent for an apartment in Overland Park, KS has been steadily increasing over the past few years. In 2023, the average monthly rent is projected to be $1,200, which is a significant increase compared to the previous years. Furthermore, with the ongoing development and increasing popularity of the city, it’s likely that this upward trend will continue in the coming years. However, it’s important to note that there are still affordable options available for those who are budget-conscious or looking to save money. Despite the rising costs, Overland Park, KS remains a desirable and livable city for many residents.

Average rent in Overland Park,KS for 1-bedroom

The average rent for a 1-bedroom apartment in Overland Park, KS is projected to increase by 2% in 2023. This represents a moderate price hike compared to the previous year, where the average rent only increased by 1%. However, residents may still find some relief in the fact that the average rent increase over the past five years has been 3% annually. Despite the upward trend, Overland Park continues to be an affordable location for individuals seeking 1-bedroom apartments, with the average rent standing at $1,050 in 2023.

Average rent in Overland Park,KS for 2-bedroom

In the year 2023, the average rent for a 2-bedroom apartment in Overland Park, KS is projected to be $1,700. This represents an increase of $150 from the previous year, and a total jump of $400 from two years prior. Despite these increases, Overland Park remains a more affordable option compared to nearby Kansas City, where the average rent for a similar apartment is closer to $1,900. Overall, the steady uptick in rent prices over the past few years highlights the growing demand for housing in this bustling suburban city.

Average rent in Overland Park,KS for 3-bedroom

In terms of the average rent for a 3-bedroom apartment in Overland Park, KS, there has been a significant increase between 2022 and 2023. In 2022, the average rent was $1,500 per month. However, in 2023, the average rent has increased to $1,800 per month. This is a staggering increase of $300, which represents a 20% increase from the previous year. As a matter of fact, this increase is the largest percentage increase in rent over the past 5 years. Despite some fluctuations, Overland Park remains an ideal location for renters who are looking for affordable yet comfortable living options.

Average rent in Overland Park,KS for studio

In 2023, the average rent for a studio in Overland Park, KS is expected to be $1,200 per month. This is an increase from the previous years, with a 3% rise compared to the average rent in 2022 which was $1,165 monthly. Looking back even further, the rise in rent has been consistent, with a gradual increase of 2% from 2021, where the average rent was only $1,140 per month. Despite the steady increase, renters still find that there are opportunities to find high-quality studios at reasonable prices. Nevertheless, for those looking to move in 2023 and discover a fantastic studio that fits within their budget, it’s crucial to start searching as early as possible to avoid the rapidly increasing prices in the market.

Average rent in Overland Park,KS for townhouse

In just a few short years, the average rent for a townhouse in Overland Park, KS has seen some significant changes. In 2023, the average rent for a townhouse is projected to be $1,750 per month. However, this number is a significant increase from just a few years ago, where the average rent in 2018 was $1,400. Despite this increase, it appears that rents have stabilized somewhat in recent years, as the average rent in 2021 was $1,695. Furthermore, it is worth noting that while Overland Park’s townhouse rents may be on the rise, they still remain lower than many of the neighboring urban areas, such as Kansas City. Overall, whether you’re moving to Overland Park for the first time or simply looking to renew your lease, it’s important to stay up to date with the latest rents and trends in the area.

Most expensive neighborhoods in Overland Park,KS

Overland Park, KS is one of the most desirable places to live in the Kansas City metropolitan area. Its affluent neighborhoods offer residents top-rated schools, excellent amenities, and a high quality of life. The most expensive neighborhoods in Overland Park include Hallbrook, The Links at Lionsgate, and Leawood South. These neighborhoods offer upscale homes with spacious yards, manicured landscapes, and luxurious features such as pools, spas, and high-end finishes. The median home price in these neighborhoods ranges from $800,000 to over $2 million, making them some of the most exclusive and sought-after communities in Overland Park.

Most affordable neighborhoods in Overland Park,KS

Located in the heart of Johnson County, Overland Park, KS offers an ideal living environment, with exceptional public schools, recreational opportunities, and a thriving economy, all within close proximity to the Kansas City metro. For those looking for affordable neighborhoods, some of the best options include the areas surrounding the Santa Fe Trail Elementary School, the Cedar Creek Elementary School, and the Briarwood Elementary School. These neighborhoods offer an outstanding quality of life, with affordable housing, excellent amenities, and a strong sense of community.

Most popular neighborhoods in Overland Park,KS

Overland Park, KS is one of the fastest-growing cities in the state of Kansas. It has a variety of popular neighborhoods, including Deer Creek, Brookwood, Nottingham Forest, and Wellington Park. These neighborhoods are known for their beautiful homes, excellent schools, and unparalleled amenities. Families love the area for its family-friendly environment, while young professionals enjoy its quick commute to downtown Kansas City. Whether you’re looking for a quiet, suburban retreat or a bustling, urban neighborhood, Overland Park, KS has a little bit of everything.

Comparison with other cities

1. New York, NY – $3,398
2. San Francisco, CA – $3,199
3. Boston, MA – $2,860
4. Seattle, WA – $2,238
5. Los Angeles, CA – $2,170
6. Denver, CO – $1,790
7. Austin, TX – $1,727
8. Portland, OR – $1,659
9. Nashville, TN – $1,599
10. Charlotte, NC – $1,483
11. Raleigh, NC – $1,400
12. Columbus, OH – $1,385
13. Indianapolis, IN – $1,304
14. Louisville, KY – $1,285
15. Memphis, TN – $1,152

FAQ

Q: What is the average rent in Overland Park, KS in 2023?
A: The average rent in Overland Park, KS in 2023 is $1,600 per month for a one-bedroom apartment and $2,200 per month for a two-bedroom apartment.

Q: Has the average rent in Overland Park, KS increased in 2023 compared to previous years?
A: Yes, the average rent in Overland Park, KS has increased in 2023 compared to previous years due to various factors such as increased demand, limited supply, and inflation.

Q: What are the factors that affect the average rent in Overland Park, KS in 2023?
A: The factors that affect the average rent in Overland Park, KS in 2023 include location, size, amenities, available inventory, and market conditions.

Q: Are there any affordable housing options available in Overland Park, KS in 2023?
A: Yes, there are affordable housing options available in Overland Park, KS in 2023 such as subsidized housing, income-restricted housing, and affordable apartments. Additionally, some landlords may offer rental discounts or incentives.

Q: What is the rental market like in Overland Park, KS in 2023?
A: The rental market in Overland Park, KS in 2023 is competitive due to increased demand and limited supply. As a result, renters should expect to pay higher rent prices and search for available units as soon as possible.

Q: Are there any neighborhoods in Overland Park, KS with lower rent prices in 2023?
A: Yes, there are neighborhoods in Overland Park, KS with lower rent prices in 2023 such as Downtown, Old Town, and West Plaza. However, these neighborhoods may also have limited inventory and longer waiting lists.





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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