Average Rent in Wallace County, KS↓ Rents falling 1.1% YoY🔻 2nd cheapest in KS
HUD FY2025 · Official government data · Updated annually · Metro pop. 1,459
Market Overview
Wallace County, KS has rental prices ranging from $625/month to $1,251/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $665/month — 52% below the national average of $1,400/month. With a median household income of $60,263/year, spending $665/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.
How Wallace County Compares
With an average 2-bedroom rent of $872/month, Wallace County ranks #95 most expensive of the 96 cities tracked in Kansas — more affordable than 86% of all US cities in our data.
The Wallace County Rental Market
The Wallace County, KS area has a population of about 1,459 and 28% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Wallace County, KS have fallen by $10/month (1.1%) over the past year, from $882 to $872. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.
Affordability
To afford a 1-bedroom apartment in Wallace County, KS without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $26,600. The local median household income of $60,263 exceeds that threshold by $33,663, making Wallace County relatively accessible compared to local wages.
Economy & Jobs
Wallace County, KS has an unemployment rate of 3.7%, 0.2 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 FY2025Is Wallace County, KS 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 KSlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Kansas City | $1,074 | $1,183 | $1,346 | $1,756 | — |
| Wichita | $690 | $760 | $995 | $1,305 | — |
| Topeka | $747 | $752 | $985 | $1,280 | — |
| Geary County | $753 | $758 | $994 | $1,393 | — |
| Manhattan | $808 | $813 | $995 | $1,359 | — |
| St. Joseph | $710 | $789 | $1,035 | $1,315 | — |
Rent or Buy in Wallace County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Wallace County data
Renting appears to be the better financial choice for this scenario.
Living in Wallace County
Cost of living, job market, crime rates, and moving cost estimates.
Moving Cost Estimator
Estimate your moving costs based on FMCSA public mover data
Select your origin state to see the estimate
Frequently Asked Questions
Explore More
Compare rent & home prices by neighborhood
💵Rent Affordability in Wallace CountySalary needed to afford rent here
🗺️All Cities in KSSee how Wallace County ranks statewide
⚖️Compare Wallace CountySide-by-side rent & cost of living with any city
📋KS Tenant RightsDeposit limits, eviction laws & renters protections