At $800/mo, rent takes about 17% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $800 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($56,429) is $1,411 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,060); a 4-bedroom is $1,430.
From Zillow's monthly rent index (ZORI) for Boonville. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Boonville, MO is majority owner-occupied, has a median income below the national average, 21.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Boonville, MO has changed in 5 years
Census figures show median household income at $56,429 today, compared with $46,227 five years earlier. The population has contracted by 4.3% since 2021, moving from about 8,036 residents to roughly 7,689. Renters now make up 36.9% of households, compared with 30.3% five years ago.
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Can you afford rent in Boonville on your salary?
At $800/mo, how Boonville rent compares to typical pay (30% rule).
Boonville rent by bedroom count
Median rent for each apartment size in Boonville. Click any size for full breakdown.
Tips for renters in Boonville
Last updated: October 17, 2026
The median rent in Boonville is $800/mo as of October 2026. A studio apartment averages $580/mo while a 2-bedroom runs $850/mo. One-bedroom apartments average $650/mo and 3-bedroom units go for $1,060/mo.
At 17% of local median household income ($56,429/yr), Boonville ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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Is rent going up or down in Boonville?
How does Boonville rent compare to other cities in Missouri?
At $800/mo, rent takes ~17% of Boonville's median household income ($56,429/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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