Rents are 5% below what Spanish Lake's 10-year trend predicts — a better deal than its own history suggests.
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 $1,339 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
Spanish Lake, MO is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 14.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Spanish Lake, MO has changed in 5 years
Across the past five years, the going rent in Spanish Lake, MO has shifted from $1,062 to $1,339, up 26.1% since 2023. Median household income climbed from $44,095 to $55,920 between 2021 and 2024, a 26.8% shift. The renter share has eased from 52.4% to 50.8%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in Spanish Lake, MO reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
Discussions about Spanish Lake
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Can you afford rent in Spanish Lake on your salary?
At $1,339/mo, how Spanish Lake rent compares to typical pay (30% rule).
Spanish Lake rent by bedroom count
Median rent for each apartment size in Spanish Lake. Click any size for full breakdown.
Tips for renters in Spanish Lake
Last updated: August 17, 2026
The median rent in Spanish Lake is $1,339/mo as of August 2026. A studio apartment averages $900/mo while a 2-bedroom runs $1,150/mo. One-bedroom apartments average $930/mo and 3-bedroom units go for $1,490/mo.
At 29% of local median household income ($55,920/yr), Spanish Lake ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.9% over the past year.
Frequently asked questions
Is Spanish Lake an affordable city for renters?
How much income do you need to rent in Spanish Lake?
Is rent going up or down in Spanish Lake?
How does Spanish Lake rent compare to other cities in Missouri?
Which nearby cities are cheaper to rent in than Spanish Lake?
What percentage of Spanish Lake residents rent vs. own?
How does Spanish Lake rent compare to the national average?
At $1,339/mo, rent takes ~29% of Spanish Lake's median household income ($55,920/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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