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City Report · MO

Spanish Lake

Pop. 17,873·52nd most expensive in Missouri·Spanish Lake rents are up 7.5% over the past year
Median rent (all units)
$1,324/mo
Year-over-Year
+7.5%
Month-over-Month
+1.2%
vs US Median
-$641
Rising (Monthly)
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Most AffordableMost Expensive
Spanish Lake · $1,324
More affordable than 86% of US cities · National median $1,965/mo
Rent Reality Score
63/100
Good value
OverheatedFairGreat value

Rents are 7% below what Spanish Lake's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,324/mo
Expected by trend
$1,416/mo
The Rent Reality Score compares today's median rent to where Spanish Lake's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$900
1 BR
$930
2 BR
$1,150
3 BR
$1,490
4 BR+
$1,710
Research median
$1,150/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
$15,888/yr
At $1,324/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.5% YoY, +1.2% MoM), not inventory.
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Demographics

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.

Population
17,873
Median income
$55,920
Median age
33
Renters
50.8%
Age distribution
26.9%
25.7%
22.4%
13.1%
Under 1826.9%
18–3425.7%
35–5422.4%
55–6413.1%
65+11.9%
Gender
44.2%
55.8%
Male44.2%
Female55.8%
Race & ethnicity
14.1%
80.3%
White14.1%
Black80.3%
Hispanic1.2%
Asian0.6%
Other3.8%
Education (25+)
35.1%
40.2%
14.3%
No HS diploma10.4%
HS diploma35.1%
Some college40.2%
Bachelor's+14.3%
Housing tenure
49.2%
50.8%
Owner49.2%
Renter50.8%

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

2023 vs 2026

How Spanish Lake, MO has changed in 5 years

Rent
$1,062 → $1,324
up 24.7%
Income
$44,095 → $55,920
up 26.8%
Population
17,721 → 17,873
up 0.9%
Renter share
52.4% → 50.8%
-1.6 pts
Bachelor's+
14% → 14.3%
+0.3 pts
Median age
31.2 → 33
+1.8 yrs

Across the past five years, the going rent in Spanish Lake, MO has shifted from $1,062 to $1,324, up 24.7% 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.

Community

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View Spanish Lake rent history (2015–2026) →
Salary vs rent

Can you afford rent in Spanish Lake on your salary?

At $1,324/mo, how Spanish Lake rent compares to typical pay (30% rule).

By apartment size

Spanish Lake rent by bedroom count

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

Local insights

Tips for renters in Spanish Lake

About renting in Spanish Lake, MO

Last updated: July 20, 2026

The median rent in Spanish Lake is $1,324/mo as of July 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 28% of local median household income ($55,920/yr), Spanish Lake ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.5% over the past year.

FAQ

Frequently asked questions

Is Spanish Lake an affordable city for renters?

Spanish Lake is considered affordable for renters. At $1,324/mo, rent takes approximately 28% of the local median household income ($55,920/yr). The standard benchmark is 30%. Spanish Lake falls comfortably within that range.

How much income do you need to rent in Spanish Lake?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,324/mo in Spanish Lake. The local median household income is $55,920/yr, meaning the typical Spanish Lake household meets that threshold.

Is rent going up or down in Spanish Lake?

Rent in Spanish Lake has increased 7.5% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Spanish Lake rent compare to other cities in Missouri?

Spanish Lake is one of the more affordable cities in Missouri for rent, ranking #52 out of 74 tracked cities at $1,324/mo.

Which nearby cities are cheaper to rent in than Spanish Lake?

Several nearby cities have lower median rents than Spanish Lake ($1,324/mo): Granite City ($1,013/mo), Jennings ($1,124/mo).

What percentage of Spanish Lake residents rent vs. own?

According to Census data, approximately 50.8% of Spanish Lake households are renters, while 49.2% are owner-occupied. With a majority renter population, Spanish Lake has a strong rental market.

How does Spanish Lake rent compare to the national average?

Spanish Lake's median rent of $1,324/mo is $641 (33%) below the US national median of $1,965/mo. Within Missouri, it ranks #52 out of 74 tracked cities.
Income Affordability
28%
AFFORDABLE

At $1,324/mo, rent takes ~28% of Spanish Lake's median household income ($55,920/yr). The standard benchmark is 30%.

Spanish Lake 28%Benchmark 30%
State income tax2–4.7%
Run the Spanish Lake affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Spanish Lake, MO

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