RentData

Average Rent in Wright County, MO↑ Rents rising 8.3% YoY🔻 4th cheapest in MO

HUD FY2027 · Official government data · Updated annually · Metro pop. 18,722

Data review: HUD FY2027Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Wright County, MO has rental prices ranging from $709/month to $1,443/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $735/month — 47% below the national average of $1,400/month. With a median household income of $47,304/year, spending $735/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Wright County Compares

With an average 2-bedroom rent of $962/month, Wright County ranks #91 most expensive of the 94 cities tracked in Missouri — more affordable than 77% of all US cities in our data.

The Wright County Rental Market

The Wright County, MO area has a population of about 18,722 and 22% 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 Wright County, MO have risen by $74/month (8.3%) over the past year, from $888 to $962. 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 Wright County, MO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $29,400. The local median household income of $47,304 exceeds that threshold by $17,904, making Wright County relatively accessible compared to local wages.

Economy & Jobs

Wright County, MO has an unemployment rate of 5.0%, 1.1 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.

Fair Market Rents

HUD FY2027
Studio
$709
Affordable
1 Bedroom
$735
Affordable
2 Bedrooms
$962
↑8.3% YoY
Affordable
3 Bedrooms
$1,332
Average
4 Bedrooms
$1,443
Average
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Is Wright 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
$38,480/year
Local median income: $47,304
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $962/month and 20% down on a — home at 7% rate.

Nearby Cities in MOlargest metros in the state

CityStudio1BR2BR3BRHome Value
Springfield$908$913$1,113$1,539—
Cooper County$695$735$962$1,278—
Howard County$689$757$990$1,180—
Columbia$749$959$1,076$1,459—
Joplin$904$910$1,153$1,501—
Jefferson City$731$735$962$1,332—

Rent or Buy in Wright County?

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

Should I Rent or Buy?

Break-even analysis using real Wright County data

$
Home Value
$350,000
2BR Rent
$962/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 5 years — worth it if you stay 5+ years.

Total monthly buy cost: $2,577/movs rent: $962/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Wright 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 Wright County

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💵Rent Affordability in Wright County

Salary needed to afford rent here

🗺️All Cities in MO

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⚖️Compare Wright County

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📋MO Tenant Rights

Deposit limits, eviction laws & renters protections