RentData

Average Rent in Topeka, KS Rents rising 2.6% YoY🔺 11th priciest in KS

HUD FY2025 · Official government data · Updated annually · Metro pop. 232,724

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Topeka, KS has rental prices ranging from $747/month to $1,351/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $752/month — 46% below the national average of $1,400/month. With a median household income of $68,160/year, spending $752/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.

How Topeka Compares

With an average 2-bedroom rent of $985/month, Topeka ranks #11 most expensive of the 96 cities tracked in Kansas — pricier than 62% of all US cities in our data.

The Topeka Rental Market

The Topeka, KS area has a population of about 232,724 and 30% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Topeka, KS have risen by $25/month (2.6%) over the past year, from $960 to $985. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Topeka, KS without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,080. The local median household income of $68,160 exceeds that threshold by $38,080, making Topeka relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Topeka, KS is $195,818, 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 Topeka's neighborhoods. Among the highest-value areas are Central Park ($69,581 median home value), Monroe ($71,408 median home value), Ward Meade ($76,997 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. 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 FY2025
Studio
$747
Affordable
1 Bedroom
$752
Affordable
2 Bedrooms
$985
2.6% YoY
Affordable
3 Bedrooms
$1,280
Affordable
4 Bedrooms
$1,351
Affordable
🔔
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Median Home Value
$195,818
Source: Zillow ZHVI
Est. monthly payment
$1,042/mo
20% down · 30yr · 7%

Is Topeka, KS 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
$39,400/year
Local median income: $68,160
To buy a median home
$41,689/year
US national median: $75,000
💡 Based on a 2BR rent of $985/month and 20% down on a $195,818 home at 7% rate.

Nearby Cities in KSlargest metros in the state

CityStudio1BR2BR3BRHome Value
Kansas City$1,074$1,183$1,346$1,756
Wichita$690$760$995$1,305
Geary County$753$758$994$1,393
Manhattan$808$813$995$1,359
St. Joseph$710$789$1,035$1,315
Lawrence$846$955$1,138$1,595

Rent or Buy in Topeka?

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

Should I Rent or Buy?

Break-even analysis using real Topeka data

$
Home Value
$195,818
2BR Rent
$985/mo
Mortgage Rate
7%
Monthly P&I
$1,042/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $1,442/movs rent: $985/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $195,818 home at 7% rate

20% — $39,164
3%50%
Estimated Monthly Payment
$1,042
per month · 30 years · 7% APR
Loan Amount
$156,654
Total Paid
$375,201
Total Interest
$218,547
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Topeka

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

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Frequently Asked Questions

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🏘️Neighborhoods in Topeka

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Topeka

Is it cheaper to rent or buy here?

💵Rent Affordability in Topeka

Salary needed to afford rent here

🗺️All Cities in KS

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⚖️Compare Topeka

Side-by-side rent & cost of living with any city

📋KS Tenant Rights

Deposit limits, eviction laws & renters protections