Topeka, KS Rental Market
Topeka is Kansas's state capital and a government-anchored city where state employment provides a stable economic foundation alongside Stormont Vail Health — the region's largest hospital — and Forbes Media's legacy print operations. Very low median home values near $145,000 produce a 7.3% gross yield, the highest in our Kansas coverage, making Topeka a cash-flow-oriented market best suited for investors prioritizing yield over growth in a smaller, slower-moving capital city environment.
Get a rent estimate for an address in TopekaAverage Rent in Topeka, KS
$880
per month · 2026-06
Market Score
Key Facts — Topeka, KS Rental Market
- Average rent in Topeka, KS:$880/mo
- Median rent:$810/mo
- Rent range:$450 – $1,950/mo
- Most common rental (2 bedrooms):$775/mo
- Active listings:480
- Avg days to lease:38 days
- Year-over-year change:+2.5%
- Median home value:$145,000
- Est. gross annual yield:7.3%
- Data as of:2026-06
Rent by Bedroom in Topeka, KS
Average monthly rent for each bedroom type based on current active listings in Topeka.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $625/mo |
2 Bedrooms | $775/mo |
3 Bedrooms | $1,000/mo |
4 Bedrooms | $1,225/mo |
5 Bedrooms | $1,375/mo |
Topeka Rental Market Statistics
Key indicators from the current Topeka, KS rental market.
480
Available now in Topeka
38
From list to lease
$0.70
Average across listings
1,250 sq ft
Typical rental size
$450 – $1,950
Min to max active listings
+2.5%
Avg rent vs. prior year
Investing in Topeka, KS Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$145,000
Typical purchase price in Topeka
Est. Gross Annual Yield
7.3%
Before expenses & vacancy
Avg Monthly Income
$880
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 Topeka for a full cash-flow breakdown including all costs.
Topeka, KS Rental Market FAQ
Common questions about renting and investing in Topeka, KS.
What is the average rent in Topeka, KS?
The average rent in Topeka, KS is $880 per month as of 2026 — the most affordable market in our Kansas coverage. One-bedroom apartments average $625/mo, two-bedrooms average $775/mo, and three-bedroom homes average $1,000/mo. Neighborhoods near the Kansas State Capitol complex and Stormont Vail Health see consistent demand from government employees and healthcare workers.
Is Topeka, KS a good place to invest in rental property?
Topeka offers a 7.3% estimated gross annual yield — the highest in our Kansas coverage — driven by very low median home values near $145,000. State government employment and Stormont Vail Health provide stable, recession-resistant tenant demand. Best suited for investors who prioritize cash-flow returns over appreciation and who are comfortable with a slower-growth market than the Kansas City suburbs.
How competitive is the Topeka, KS rental market?
Topeka has approximately 480 active listings and averages 38 days on market — a measured pace reflecting its smaller size and modest population growth. Government employee and healthcare worker demand is consistent year-round, while the Washburn University campus area generates student demand. Investors who maintain properties well and price competitively can achieve reliable occupancy in this stable but slow-growth capital city market.
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