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City Report · MO

Excelsior Springs

Pop. 10,484·60th most expensive in Missouri·Rents have been falling, good time to negotiate
Median rent (all units)
$1,195/mo
Year-over-Year
Stable
Month-over-Month
-13.3%
vs US Median
-$770
Falling (Monthly)
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Most AffordableMost Expensive
Excelsior Springs · $1,195
More affordable than 92% of US cities · National median $1,965/mo
Affordability
20% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,195/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$48,000/yr
Local median income
$72,609/yr
Based on the 30%-of-income rule using Excelsior Springs's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$890
1 BR
$990
2 BR
$1,140
3 BR
$1,490
4 BR+
$1,740
Research median
$1,140/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$14,340/yr
At $1,195/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -13.3% MoM), not inventory.
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Demographics

Who lives here

Excelsior Springs, MO is majority owner-occupied, 17.6% of residents hold a bachelor's degree or higher.

Population
10,484
Median income
$72,609
Median age
35.9
Renters
31.8%
Age distribution
23.2%
25%
25.7%
15.7%
Under 1823.2%
18–3425%
35–5425.7%
55–6410.4%
65+15.7%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
84.7%
White84.7%
Black3.3%
Hispanic8.9%
Other3%
Education (25+)
12.8%
39.2%
30.4%
17.6%
No HS diploma12.8%
HS diploma39.2%
Some college30.4%
Bachelor's+17.6%
Housing tenure
68.2%
31.8%
Owner68.2%
Renter31.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Excelsior Springs, MO has changed in 5 years

Income
$68,679 → $72,609
up 5.7%
Population
10,595 → 10,484
down 1.0%
Renter share
35.4% → 31.8%
-3.6 pts
Bachelor's+
16.6% → 17.6%
+1.0 pts

On the earnings side, the typical household in Excelsior Springs, MO now reports about $72,609, up from $68,679 in 2021. The population has contracted by 1.0% since 2021, moving from about 10,595 residents to roughly 10,484. Renters now make up 31.8% of households, compared with 35.4% five years ago.

Community

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View Excelsior Springs rent history (2015–2026) →
Salary vs rent

Can you afford rent in Excelsior Springs on your salary?

At $1,195/mo, how Excelsior Springs rent compares to typical pay (30% rule).

By apartment size

Excelsior Springs rent by bedroom count

Median rent for each apartment size in Excelsior Springs. Click any size for full breakdown.

Local insights

Tips for renters in Excelsior Springs

About renting in Excelsior Springs, MO

Last updated: July 20, 2026

The median rent in Excelsior Springs is $1,195/mo as of July 2026. A studio apartment averages $890/mo while a 2-bedroom runs $1,140/mo. One-bedroom apartments average $990/mo and 3-bedroom units go for $1,490/mo.

At 20% of local median household income ($72,609/yr), Excelsior Springs ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Excelsior Springs an affordable city for renters?

Excelsior Springs is considered very affordable for renters. At $1,195/mo, rent takes approximately 20% of the local median household income ($72,609/yr). The standard benchmark is 30%. Excelsior Springs falls comfortably within that range.

How much income do you need to rent in Excelsior Springs?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (~$23/hour full-time) to afford the median rent of $1,195/mo in Excelsior Springs. The local median household income is $72,609/yr, meaning the typical Excelsior Springs household meets that threshold.

Is rent going up or down in Excelsior Springs?

Rent in Excelsior Springs has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Excelsior Springs rent compare to other cities in Missouri?

Excelsior Springs is one of the more affordable cities in Missouri for rent, ranking #60 out of 74 tracked cities at $1,195/mo.

Which nearby cities are cheaper to rent in than Excelsior Springs?

Sugar Creek is nearby and more affordable at $1,082/mo, which is $113 less than Excelsior Springs.

What percentage of Excelsior Springs residents rent vs. own?

According to Census data, approximately 31.8% of Excelsior Springs households are renters, while 68.2% are owner-occupied. Excelsior Springs leans toward homeownership, which can mean a smaller rental inventory.

How does Excelsior Springs rent compare to the national average?

Excelsior Springs's median rent of $1,195/mo is $770 (39%) below the US national median of $1,965/mo. Within Missouri, it ranks #60 out of 74 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $1,195/mo, rent takes ~20% of Excelsior Springs's median household income ($72,609/yr). The standard benchmark is 30%.

Excelsior Springs 20%Benchmark 30%
State income tax2–4.7%
Run the Excelsior Springs affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Excelsior Springs, MO

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