Average Rent in Joplin, MO↑ Rents rising 12.2% YoY🔺 Most expensive in MO
HUD FY2025 · Official government data · Updated annually · Metro pop. 202,258
Market Overview
Joplin, MO has rental prices ranging from $830/month to $1,411/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $835/month — 40% below the national average of $1,400/month. With a median household income of $60,146/year, spending $835/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.
How Joplin Compares
With an average 2-bedroom rent of $1,036/month, Joplin ranks #1 most expensive of the 94 cities tracked in Missouri — pricier than 69% of all US cities in our data.
The Joplin Rental Market
The Joplin, MO area has a population of about 202,258 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.
Rent Trends
2-bedroom rents in Joplin, MO have risen by $113/month (12.2%) over the past year, from $923 to $1,036. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.
Affordability
To afford a 1-bedroom apartment in Joplin, MO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $33,400. The local median household income of $60,146 exceeds that threshold by $26,746, making Joplin relatively accessible compared to local wages.
Rent vs. Buy
The median home value in Joplin, MO is $205,909, giving a price-to-rent ratio of 16.6. With a break-even horizon of approximately 17 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.
Neighborhoods
Home values — and by extension rent levels — vary significantly across Joplin's neighborhoods. Among the highest-value areas are Silver Creek ($275,157 median home value). Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.
Fair Market Rents
HUD FY2025Is Joplin, MO Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in MOlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Springfield | $790 | $795 | $998 | $1,372 | — |
| Cooper County | $565 | $628 | $824 | $1,027 | — |
| Howard County | $625 | $695 | $912 | $1,099 | — |
| Columbia | $691 | $862 | $1,007 | $1,360 | — |
| Jefferson City | $677 | $681 | $891 | $1,249 | — |
| St. Francois County | $634 | $652 | $856 | $1,133 | — |
Rent or Buy in Joplin?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Joplin data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Mortgage Calculator
Estimate monthly payment for $205,909 home at 7% rate
Living in Joplin
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Frequently Asked Questions
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⚖️Rent vs Buy in JoplinIs it cheaper to rent or buy here?
💵Rent Affordability in JoplinSalary needed to afford rent here
🗺️All Cities in MOSee how Joplin ranks statewide
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