At $1,938/mo, rent takes about 14% 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 $1,938 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: August 17, 2026
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Parkville, MO has changed in 5 years
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.
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At $1,938/mo, how Parkville rent compares to typical pay (30% rule).
Parkville rent by bedroom count
Median rent for each apartment size in Parkville. Click any size for full breakdown.
Tips for renters in Parkville
Last updated: August 17, 2026
The median rent in Parkville is $1,938/mo as of August 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 14% of local median household income ($171,271/yr), Parkville ranks as affordable compared to the national benchmark of 30%. Rents have increased 12.3% over the past year.
Frequently asked questions
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What percentage of Parkville residents rent vs. own?
How does Parkville rent compare to the national average?
At $1,938/mo, rent takes ~14% of Parkville's median household income ($171,271/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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