City Report · MO

Parkville

Pop. 8,366·3rd most expensive in Missouri·Parkville rents are up 11.0% over the past year
Median rent (all units)
$1,910/mo
Year-over-Year
+11.0%
Month-over-Month
-3.6%
vs US Median
-$55
Falling (Monthly)
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Most AffordableMost Expensive
Parkville · $1,910
More expensive than 53% of US cities · National median $1,965/mo
Affordability
13% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,910/mo, rent takes about 13% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$76,000/yr
Local median income
$171,271/yr
Based on the 30%-of-income rule using Parkville's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,110
1 BR
$1,220
2 BR
$1,390
3 BR
$1,810
4 BR+
$2,150
Research median
$1,390/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
$22,920/yr
At $1,910/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (11.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+11.0% YoY, -3.6% MoM), not inventory.
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Demographics

Who lives here

Parkville, MO is majority owner-occupied, has a large share of families with children, has a median income above the national average, 72% of residents hold a bachelor's degree or higher.

Population
8,366
Median income
$171,271
Median age
39.4
Renters
17.7%
Age distribution
26.8%
15.6%
34.2%
13%
Under 1826.8%
18–3415.6%
35–5434.2%
55–6410.4%
65+13%
Gender
54.3%
45.7%
Male54.3%
Female45.7%
Race & ethnicity
80.8%
White80.8%
Black4.3%
Hispanic10.2%
Asian2.5%
Other2.2%
Education (25+)
18%
72%
No HS diploma3%
HS diploma7.1%
Some college18%
Bachelor's+72%
Housing tenure
82.3%
17.7%
Owner82.3%
Renter17.7%

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

2021 vs 2026

How Parkville, MO has changed in 5 years

Income
$173,047 → $171,271
down 1.0%
Population
7,153 → 8,366
up 17.0%
Renter share
14.2% → 17.7%
+3.5 pts
Bachelor's+
72.9% → 72%
-0.9 pts
Median age
40.8 → 39.4
-1.4 yrs

Household income in the area moved from $173,047 to $171,271 across the same window, down 1.0% versus 2021. The population has grown by 17.0% since 2021, moving from about 7,153 residents to roughly 8,366. Renters now make up 17.7% of households, compared with 14.2% five years ago.

Community

Discussions about Parkville

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View Parkville rent history (2015–2026) →
Salary vs rent

Can you afford rent in Parkville on your salary?

At $1,910/mo, how Parkville rent compares to typical pay (30% rule).

By apartment size

Parkville rent by bedroom count

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

Local insights

Tips for renters in Parkville

About renting in Parkville, MO

Last updated: July 20, 2026

The median rent in Parkville is $1,910/mo as of July 2026. A studio apartment averages $1,110/mo while a 2-bedroom runs $1,390/mo. One-bedroom apartments average $1,220/mo and 3-bedroom units go for $1,810/mo.

At 13% of local median household income ($171,271/yr), Parkville ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.0% over the past year.

FAQ

Frequently asked questions

Is Parkville an affordable city for renters?

Parkville is considered very affordable for renters. At $1,910/mo, rent takes approximately 13% of the local median household income ($171,271/yr). The standard benchmark is 30%. Parkville falls comfortably within that range.

How much income do you need to rent in Parkville?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,910/mo in Parkville. The local median household income is $171,271/yr, meaning the typical Parkville household meets that threshold.

Is rent going up or down in Parkville?

Rent in Parkville has increased 11.0% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Parkville rent compare to other cities in Missouri?

Parkville is one of the pricier cities in Missouri for rent, ranking #3 out of 74 tracked cities at $1,910/mo.

Which nearby cities are cheaper to rent in than Parkville?

Several nearby cities have lower median rents than Parkville ($1,910/mo): Kansas City ($1,319/mo), Gladstone ($1,398/mo), Kansas City ($1,444/mo).

What percentage of Parkville residents rent vs. own?

According to Census data, approximately 17.7% of Parkville households are renters, while 82.3% are owner-occupied. Parkville leans toward homeownership, which can mean a smaller rental inventory.

How does Parkville rent compare to the national average?

Parkville's median rent of $1,910/mo is $55 (3%) below the US national median of $1,965/mo. Within Missouri, it ranks #3 out of 74 tracked cities.
Income Affordability
13%
VERY AFFORDABLE

At $1,910/mo, rent takes ~13% of Parkville's median household income ($171,271/yr). The standard benchmark is 30%.

Parkville 13%Benchmark 30%
State income tax2–4.7%
Run the Parkville affordability calculator →
Lowest-rent ZIP codes in Parkville
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Parkville, MO

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