RentData

Average Rent in Joplin, MO Rents rising 12.2% YoY🔺 Most expensive in MO

HUD FY2025 · Official government data · Updated annually · Metro pop. 202,258

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Joplin, MO has rental prices ranging from $830/month to $1,411/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $835/month — 40% below the national average of $1,400/month. With a median household income of $60,146/year, spending $835/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Joplin Compares

With an average 2-bedroom rent of $1,036/month, Joplin ranks #1 most expensive of the 94 cities tracked in Missouri — pricier than 69% of all US cities in our data.

The Joplin Rental Market

The Joplin, MO area has a population of about 202,258 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Joplin, MO have risen by $113/month (12.2%) over the past year, from $923 to $1,036. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Joplin, MO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $33,400. The local median household income of $60,146 exceeds that threshold by $26,746, making Joplin relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Joplin, MO is $205,909, giving a price-to-rent ratio of 16.6. With a break-even horizon of approximately 17 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Joplin's neighborhoods. Among the highest-value areas are Silver Creek ($275,157 median home value). Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Fair Market Rents

HUD FY2025
Studio
$830
Affordable
1 Bedroom
$835
Affordable
2 Bedrooms
$1,036
12.2% YoY
Affordable
3 Bedrooms
$1,327
Affordable
4 Bedrooms
$1,411
Affordable
🔔
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Median Home Value
$205,909
Source: Zillow ZHVI
Est. monthly payment
$1,096/mo
20% down · 30yr · 7%

Is Joplin, MO Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$41,440/year
Local median income: $60,146
To buy a median home
$43,837/year
US national median: $75,000
💡 Based on a 2BR rent of $1,036/month and 20% down on a $205,909 home at 7% rate.

Nearby Cities in MOlargest metros in the state

CityStudio1BR2BR3BRHome Value
Springfield$790$795$998$1,372
Cooper County$565$628$824$1,027
Howard County$625$695$912$1,099
Columbia$691$862$1,007$1,360
Jefferson City$677$681$891$1,249
St. Francois County$634$652$856$1,133

Rent or Buy in Joplin?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Joplin data

$
Home Value
$205,909
2BR Rent
$1,036/mo
Mortgage Rate
7%
Monthly P&I
$1,096/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $1,516/movs rent: $1,036/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $205,909 home at 7% rate

20% — $41,182
3%50%
Estimated Monthly Payment
$1,096
per month · 30 years · 7% APR
Loan Amount
$164,727
Total Paid
$394,536
Total Interest
$229,809
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Joplin

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Frequently Asked Questions

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🏘️Neighborhoods in Joplin

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Joplin

Is it cheaper to rent or buy here?

💵Rent Affordability in Joplin

Salary needed to afford rent here

🗺️All Cities in MO

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⚖️Compare Joplin

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📋MO Tenant Rights

Deposit limits, eviction laws & renters protections