Lee's Summit, MO Rental Market
Lee's Summit is one of Kansas City's most desirable southern suburbs, consistently ranking among Missouri's best places to live. Excellent Blue Valley and Lee's Summit R-7 school districts, new master-planned communities, and easy access to Kansas City employment via I-470 attract a high-income, family-oriented tenant base. The city's lower gross yield reflects its higher home values relative to other KC suburbs, but strong rent growth and tenant quality reward appreciation-focused investors.
Get a rent estimate for an address in Lee's SummitAverage Rent in Lee's Summit, MO
$1,350
per month · 2026-06
Market Score
Key Facts — Lee's Summit, MO Rental Market
- Average rent in Lee's Summit, MO:$1,350/mo
- Median rent:$1,242/mo
- Rent range:$675 – $2,950/mo
- Most common rental (2 bedrooms):$1,175/mo
- Active listings:380
- Avg days to lease:27 days
- Year-over-year change:+3.8%
- Median home value:$295,000
- Est. gross annual yield:5.5%
- Data as of:2026-06
Rent by Bedroom in Lee's Summit, MO
Average monthly rent for each bedroom type based on current active listings in Lee's Summit.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $975/mo |
2 Bedrooms | $1,175/mo |
3 Bedrooms | $1,500/mo |
4 Bedrooms | $1,875/mo |
5 Bedrooms | $2,125/mo |
Lee's Summit Rental Market Statistics
Key indicators from the current Lee's Summit, MO rental market.
380
Available now in Lee's Summit
27
From list to lease
$1.05
Average across listings
1,288 sq ft
Typical rental size
$675 – $2,950
Min to max active listings
+3.8%
Avg rent vs. prior year
Investing in Lee's Summit, MO Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$295,000
Typical purchase price in Lee's Summit
Est. Gross Annual Yield
5.5%
Before expenses & vacancy
Avg Monthly Income
$1,350
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Lee's Summit for a full cash-flow breakdown including all costs.
Lee's Summit, MO Rental Market FAQ
Common questions about renting and investing in Lee's Summit, MO.
What is the average rent in Lee's Summit, MO?
The average rent in Lee's Summit, MO is $1,350 per month as of 2026. Two-bedroom units average $1,175/mo and three-bedroom homes average $1,500/mo — the highest rents in our Missouri KC suburb coverage. Lee's Summit's top-ranked schools and new construction command a premium over Independence and Raytown.
Is Lee's Summit, MO a good place to invest in rental property?
Lee's Summit offers a 5.5% estimated gross yield — lower than other KC area suburbs due to higher home prices — but excels in tenant quality, rent growth (3.8% YoY), and vacancy rates. Excellent schools attract long-tenancy family renters who minimize turnover costs. Best for appreciation-focused investors in the KC metro.
How competitive is the Lee's Summit, MO rental market?
Lee's Summit averages just 27 days on market with approximately 380 active listings — the tightest market in our Missouri coverage. Well-maintained single-family homes in the top school districts lease within 2–3 weeks and often receive multiple applications. New townhome and apartment communities near the Summit Woods corridor also see strong absorption.
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