Lee's Summit, MO Rental Market Trends

Highlights

The average rent for an apartment in Lee's Summit is $1,042, a 6% increase compared to the previous year, when the average rent was $987.

Average Rent in Lee's Summit, MO

Last updated November 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,042	6%	949 sq. ft.

The average size for a Lee's Summit, MO apartment is 949 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Lee's Summit, MO Apartment Rent Ranges

$501-$7008%
$701-$1,00035%
$1,001-$1,50052%
$1,501-$2,0006%

Lee's Summit, MO Occupied Housing Units

Renter-occupied Households25%
Owner-occupied Households74%

7,834 or 25% of the households in Lee's Summit, MO are renter-occupied while 22,602 or 74% are owner-occupied.

Lee's Summit, MO Rent Trends

Average Rent	Jul / 2016	Nov / 2016	Mar / 2017	Jul / 2017	Nov / 2017	Mar / 2018	Jul / 2018	Nov / 2018	Mar / 2019	Nov / 2019
Lee's Summit, MO	$966	$975	$960	$973	$981	$987	$987	$1,021	$1,026	$1,042
National	$1,342	$1,350	$1,346	$1,378	$1,380	$1,383	$1,418	$1,427	$1,431	$1,466

Average Rent in Lee's Summit, MO By Neighborhood

Neighborhood	Average Rent
Vista Del Verde - Briarcroft	$812
Morningside Acres - Arlington Park	$812
Charleston Park	$812
Bayles Addition - Village Fair	$812
Villas at Summit Ridge - Arbores	$942
Ridgewood Hills	$942
Park Ridge	$942
Dalton's Ridge	$942
Oaks Ridge Meadows	$1,068
Lakewood Business Center	$1,068
Lakewood	$1,068
Lake Ridge Meadows	$1,068
Lake Lee's Summit	$1,068
Chapel Ridge	$1,068
Rolling Meadows	$1,084
Richardson Ranch	$1,084
Maple Tree	$1,084
Legacy Wood	$1,084
Knoll Brook	$1,084
George Addition - Woodland Shores	$1,084
Foxwood - Bordner Estates	$1,084
Amber Hills - Deerbrook	$1,084
Summit Fair	$1,097
Princeton Heights - Oak Hill	$1,097
Southside Industrial Park	$1,104
Winterset Valley	$1,114
White Ridge Farm	$1,114
Westbrooke	$1,114
Sunset Hills	$1,114
Hinsdale	$1,114
Hawks Ridge - Newberry	$1,114
Craigmont	$1,114
Bent Tree Bluffs - Summerfield	$1,114
Woodland Glen	$1,121
Pergola Park	$1,121
Meadows of Winterset	$1,121
Longview Farm	$1,121
Homestead Ranches	$1,121
Crossing	$1,121
Bridlewood	$1,121
Windemere	$1,141
Stoney Creek	$1,141
Scherer Crossing	$1,141
Saddlebrook	$1,141
Raintree Lake	$1,141
Napa Valley	$1,141
Monarch View	$1,141
Meadows at Summit Ridge - Brooks Farm	$1,141
Lake Winnebago	$1,141
Hook Grove	$1,141
Harbor Cove	$1,141
Grand Summit View	$1,141
Eagle Creek	$1,141
Cheddington	$1,141
Belmont Farms	$1,141
Arborwalk	$1,141

The most affordable neighborhoods in Lee's Summit are Bayles Addition - Village Fair, where the average rent goes for $812/month, Charleston Park, where renters pay $812/mo on average, and Morningside Acres - Arlington Park, where the average rent goes for $812/mo. If you’re looking for other great deals, check out the listings from Vista Del Verde - Briarcroft ($812), Dalton's Ridge ($942), and Park Ridge ($942), where the asking prices are below the average Lee's Summit rent of $1,042/mo.

The most expensive neighborhoods in Lee's Summit are Scherer Crossing ($1,141), Stoney Creek ($1,141) and Windemere ($1,141).

Lee's Summit | Rent Comparison by Neighborhood

Rent in Amber Hills - Deerbrook is 5% lower than in Arborwalk

$1,084

Amber Hills - Deerbrook rent is 4% higher than Lee's Summit average

Average Rent	$1,084

$1,141

Arborwalk rent is 9% higher than Lee's Summit average

Average Rent	$1,141

How Does Lee's Summit Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Kansas City	$1,004	4%
Independence	$756	3%
Lee's Summit	$1,042	6%
Blue Springs	$853	6%
Grandview	$710	6%
Raytown	$737	3%
Grain Valley	$906	1%
Greenwood	$1,084	16%
Lake Tapawingo	$863	6%
Lake Lotawana	$1,084	16%

For more information about the Lee's Summit rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lee's Summit apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.