RentData

Average Rent in Wichita, KS Rents falling 2.2% YoY🔺 9th priciest in KS

HUD FY2025 · Official government data · Updated annually · Metro pop. 648,935

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

Market Overview

Wichita, KS has rental prices ranging from $690/month to $1,594/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $760/month — 46% below the national average of $1,400/month. With a median household income of $68,930/year, spending $760/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.

How Wichita Compares

With an average 2-bedroom rent of $995/month, Wichita ranks #9 most expensive of the 96 cities tracked in Kansas — pricier than 64% of all US cities in our data.

The Wichita Rental Market

The Wichita, KS area has a population of about 648,935 and 35% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Wichita, KS have fallen by $22/month (2.2%) over the past year, from $1,017 to $995. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Wichita, KS without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,400. The local median household income of $68,930 exceeds that threshold by $38,530, making Wichita relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Wichita, KS is $207,235, giving a price-to-rent ratio of 17.4. 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 Wichita's neighborhoods. Among the highest-value areas are Hilltop ($63,049 median home value), Planeview United ($68,660 median home value), Power ($75,681 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. 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
$690
Affordable
1 Bedroom
$760
Affordable
2 Bedrooms
$995
2.2% YoY
Affordable
3 Bedrooms
$1,305
Affordable
4 Bedrooms
$1,594
Affordable
🔔
Get Rent Alerts
Be notified when rents change in Wichita
Median Home Value
$207,235
Source: Zillow ZHVI
Est. monthly payment
$1,103/mo
20% down · 30yr · 7%

Is Wichita, KS 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
$39,800/year
Local median income: $68,930
To buy a median home
$44,120/year
US national median: $75,000
💡 Based on a 2BR rent of $995/month and 20% down on a $207,235 home at 7% rate.

Nearby Cities in KSlargest metros in the state

CityStudio1BR2BR3BRHome Value
Kansas City$1,074$1,183$1,346$1,756
Topeka$747$752$985$1,280
Geary County$753$758$994$1,393
Manhattan$808$813$995$1,359
St. Joseph$710$789$1,035$1,315
Lawrence$846$955$1,138$1,595

Rent or Buy in Wichita?

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

Should I Rent or Buy?

Break-even analysis using real Wichita data

$
Home Value
$207,235
2BR Rent
$995/mo
Mortgage Rate
7%
Monthly P&I
$1,103/mo
🏠 Buy

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

Total monthly buy cost: $1,526/movs rent: $995/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 $207,235 home at 7% rate

20% — $41,447
3%50%
Estimated Monthly Payment
$1,103
per month · 30 years · 7% APR
Loan Amount
$165,788
Total Paid
$397,077
Total Interest
$231,289
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Wichita

Cost of living, job market, crime rates, and moving cost estimates.

Moving Cost Estimator

Estimate your moving costs based on FMCSA public mover data

Select your origin state to see the estimate

Estimates based on FMCSA average mover rates. Get at least 3 binding quotes from licensed movers. Protect your move →

Frequently Asked Questions

Explore More

🏘️Neighborhoods in Wichita

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Wichita

Is it cheaper to rent or buy here?

💵Rent Affordability in Wichita

Salary needed to afford rent here

🗺️All Cities in KS

See how Wichita ranks statewide

⚖️Compare Wichita

Side-by-side rent & cost of living with any city

📋KS Tenant Rights

Deposit limits, eviction laws & renters protections