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City Report · MO

Oak Grove

Pop. 347·32nd most expensive in Missouri·Rental market data updated monthly for Oak Grove, MO
Median rent (all units)
$1,492/mo
Year-over-Year
Stable
Month-over-Month
+8.9%
vs US Median
-$473
Rising (Monthly)
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Most AffordableMost Expensive
Oak Grove · $1,492
More affordable than 77% of US cities · National median $1,965/mo
Affordability
24% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,492/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$60,000/yr
Local median income
$75,102/yr
Based on the 30%-of-income rule using Oak Grove'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: June 22, 2026

Annual cost
$17,904/yr
At $1,492/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +8.9% MoM), not inventory.
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Demographics

Who lives here

Oak Grove, MO is roughly split between renters and owners, has a large retiree population, 8% of residents hold a bachelor's degree or higher.

Population
347
Median income
$75,102
Median age
45.9
Renters
54.9%
Age distribution
14.7%
23.3%
21%
12.7%
28.2%
Under 1814.7%
18–3423.3%
35–5421%
55–6412.7%
65+28.2%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
76.7%
21.9%
White76.7%
Black0.9%
Asian0.6%
Other21.9%
Education (25+)
22%
47.2%
22.7%
No HS diploma22%
HS diploma47.2%
Some college22.7%
Bachelor's+8%
Housing tenure
45.1%
54.9%
Owner45.1%
Renter54.9%

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

2021 vs 2026

How Oak Grove, MO has changed in 5 years

Income
$66,923 → $75,102
up 12.2%
Population
8,228 → 347
down 95.8%
Renter share
35.4% → 54.9%
+19.5 pts
Bachelor's+
15.5% → 8%
-7.5 pts
Median age
32.7 → 45.9
+13.2 yrs

Census figures show median household income at $75,102 today, compared with $66,923 five years earlier. The population has contracted by 95.8% since 2021, moving from about 8,228 residents to roughly 347. Renters now make up 54.9% of households, compared with 35.4% five years ago. College-educated residents now make up 8% of adults here, versus 15.5% in 2021.

Community

Discussions about Oak Grove

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View Oak Grove rent history (2015–2026) →
Salary vs rent

Can you afford rent in Oak Grove on your salary?

At $1,492/mo, how Oak Grove rent compares to typical pay (30% rule).

By apartment size

Oak Grove rent by bedroom count

Median rent for each apartment size in Oak Grove. Click any size for full breakdown.

Local insights

Tips for renters in Oak Grove

About renting in Oak Grove, MO

Last updated: June 22, 2026

The median rent in Oak Grove is $1,492/mo as of June 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 24% of local median household income ($75,102/yr), Oak Grove ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Oak Grove an affordable city for renters?

Oak Grove is considered very affordable for renters. At $1,492/mo, rent takes approximately 24% of the local median household income ($75,102/yr). The standard benchmark is 30%. Oak Grove falls comfortably within that range.

How much income do you need to rent in Oak Grove?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,492/mo in Oak Grove. The local median household income is $75,102/yr, meaning the typical Oak Grove household meets that threshold.

Is rent going up or down in Oak Grove?

Rent in Oak Grove has been relatively stable over the past year, with a 0.0% change year over year as of June 2026.

How does Oak Grove rent compare to other cities in Missouri?

Oak Grove is middle-of-the-pack for Missouri for rent, ranking #32 out of 78 tracked cities at $1,492/mo.

Which nearby cities are cheaper to rent in than Oak Grove?

Independence is nearby and more affordable at $1,378/mo, which is $114 less than Oak Grove.

What percentage of Oak Grove residents rent vs. own?

According to Census data, approximately 54.9% of Oak Grove households are renters, while 45.1% are owner-occupied. With a majority renter population, Oak Grove has a strong rental market.

How does Oak Grove rent compare to the national average?

Oak Grove's median rent of $1,492/mo is $473 (24%) below the US national median of $1,965/mo. Within Missouri, it ranks #32 out of 78 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $1,492/mo, rent takes ~24% of Oak Grove's median household income ($75,102/yr). The standard benchmark is 30%.

Oak Grove 24%Benchmark 30%
State income tax2–4.7%
Run the Oak Grove affordability calculator →
Lowest-rent ZIP codes in Oak Grove
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Oak Grove, MO

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