Lee's Summit, MO Rental Market Trends

Highlights

The average rent for an apartment in Lee's Summit is $1,102, a 8% increase compared to the previous year, when the average rent was $1,021.

Average Rent in Lee's Summit, MO

Last updated November 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,102	8%	951 sq. ft.

The average size for a Lee's Summit, MO apartment is 951 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-$7004%
$701-$1,00035%
$1,001-$1,50054%
$1,501-$2,0007%

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	Nov / 2016	Mar / 2017	Jul / 2017	Nov / 2017	Mar / 2018	Jul / 2018	Nov / 2018	Mar / 2019	Jul / 2019	Nov / 2019
Lee's Summit, MO	$975	$960	$973	$981	$987	$987	$1,021	$1,026	$1,042	$1,102
National	$1,353	$1,349	$1,381	$1,383	$1,386	$1,421	$1,430	$1,434	$1,470	$1,476

Average Rent in Lee's Summit, MO By Neighborhood

Neighborhood	Average Rent
Vista Del Verde - Briarcroft	$802
Morningside Acres - Arlington Park	$802
Charleston Park	$802
Bayles Addition - Village Fair	$802
Villas at Summit Ridge - Arbores	$1,006
Ridgewood Hills	$1,006
Park Ridge	$1,006
Dalton's Ridge	$1,006
Rolling Meadows	$1,100
Richardson Ranch	$1,100
Maple Tree	$1,100
Legacy Wood	$1,100
Knoll Brook	$1,100
George Addition - Woodland Shores	$1,100
Foxwood - Bordner Estates	$1,100
Amber Hills - Deerbrook	$1,100
Summit Fair	$1,131
Princeton Heights - Oak Hill	$1,131
Southside Industrial Park	$1,159
Winterset Valley	$1,169
White Ridge Farm	$1,169
Westbrooke	$1,169
Sunset Hills	$1,169
Hinsdale	$1,169
Hawks Ridge - Newberry	$1,169
Craigmont	$1,169
Bent Tree Bluffs - Summerfield	$1,169
Woodland Glen	$1,202
Pergola Park	$1,202
Meadows of Winterset	$1,202
Longview Farm	$1,202
Homestead Ranches	$1,202
Crossing	$1,202
Bridlewood	$1,202
Oaks Ridge Meadows	$1,209
Lakewood Business Center	$1,209
Lakewood	$1,209
Lake Ridge Meadows	$1,209
Lake Lee's Summit	$1,209
Chapel Ridge	$1,209
Windemere	$1,248
Stoney Creek	$1,248
Scherer Crossing	$1,248
Saddlebrook	$1,248
Raintree Lake	$1,248
Napa Valley	$1,248
Monarch View	$1,248
Meadows at Summit Ridge - Brooks Farm	$1,248
Lake Winnebago	$1,248
Hook Grove	$1,248
Harbor Cove	$1,248
Grand Summit View	$1,248
Eagle Creek	$1,248
Cheddington	$1,248
Belmont Farms	$1,248
Arborwalk	$1,248

The most affordable neighborhoods in Lee's Summit are Bayles Addition - Village Fair, where the average rent goes for $802/month, Charleston Park, where renters pay $802/mo on average, and Morningside Acres - Arlington Park, where the average rent goes for $802/mo. If you’re looking for other great deals, check out the listings from Vista Del Verde - Briarcroft ($802), Dalton's Ridge ($1,006), and Park Ridge ($1,006), where the asking prices are below the average Lee's Summit rent of $1,102/mo.

The most expensive neighborhoods in Lee's Summit are Scherer Crossing ($1,248), Stoney Creek ($1,248) and Windemere ($1,248).

Lee's Summit | Rent Comparison by Neighborhood

Rent in Amber Hills - Deerbrook is 12% lower than in Arborwalk

$1,100

Amber Hills - Deerbrook rent is 1% lower than Lee's Summit average

Average Rent	$1,100

$1,248

Arborwalk rent is 13% higher than Lee's Summit average

Average Rent	$1,248

How Does Lee's Summit Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Kansas City	$1,004	3%
Independence	$765	4%
Lee's Summit	$1,102	8%
Blue Springs	$877	7%
Grandview	$717	3%
Raytown	$745	7%
Grain Valley	$882	-1%
Greenwood	$1,100	4%
Lake Tapawingo	$879	6%
Sugar Creek	$629	5%

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.