Average Rent in Phelps County, MO↑ Rents rising 1.5% YoY

Phelps County, MO has rental prices ranging from $672/month to $1,164/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $680/month — 51% below the national average of $1,400/month. With a median household income of $55,427/year, spending $680/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.

How Phelps County Compares

With an average 2-bedroom rent of $878/month, Phelps County ranks #17 most expensive of the 94 cities tracked in Missouri — more affordable than 80% of all US cities in our data.

The Phelps County Rental Market

The Phelps County, MO area has a population of about 44,948 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 Phelps County, MO have risen by $13/month (1.5%) over the past year, from $865 to $878. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Phelps County, MO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $27,200. The local median household income of $55,427 exceeds that threshold by $28,227, making Phelps County relatively accessible compared to local wages.

Economy & Jobs

Phelps County, MO has an unemployment rate of 4.4%, 0.5 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Is Phelps County, MO Affordable?

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

Rent or Buy in Phelps County?

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

Living in Phelps County

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