RentData

Average Rent in Nodaway County, MO Rents rising 0.7% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 20,959

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Nodaway County, MO has rental prices ranging from $634/month to $1,427/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $673/month — 52% below the national average of $1,400/month. With a median household income of $55,970/year, spending $673/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Nodaway County Compares

With an average 2-bedroom rent of $850/month, Nodaway County ranks #23 most expensive of the 94 cities tracked in Missouri — more affordable than 92% of all US cities in our data.

The Nodaway County Rental Market

The Nodaway County, MO area has a population of about 20,959 and 38% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Nodaway County, MO have risen by $6/month (0.7%) over the past year, from $844 to $850. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Nodaway County, MO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $26,920. The local median household income of $55,970 exceeds that threshold by $29,050, making Nodaway County relatively accessible compared to local wages.

Economy & Jobs

Nodaway County, MO has an unemployment rate of 3.6%, 0.3 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Fair Market Rents

HUD FY2025
Studio
$634
Affordable
1 Bedroom
$673
Affordable
2 Bedrooms
$850
0.7% YoY
Affordable
3 Bedrooms
$1,065
Affordable
4 Bedrooms
$1,427
Average
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Is Nodaway County, MO Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$34,000/year
Local median income: $55,970
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $850/month and 20% down on a home at 7% rate.

Nearby Cities in MOlargest metros in the state

CityStudio1BR2BR3BRHome 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
Joplin$830$835$1,036$1,327
Jefferson City$677$681$891$1,249

Rent or Buy in Nodaway County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Nodaway County data

$
Home Value
$350,000
2BR Rent
$850/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏢 Rent

Renting appears to be the better financial choice for this scenario.

Total monthly buy cost: $2,577/movs rent: $850/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Nodaway County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Nodaway County

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💵Rent Affordability in Nodaway County

Salary needed to afford rent here

🗺️All Cities in MO

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📋MO Tenant Rights

Deposit limits, eviction laws & renters protections