Element Communities Downtown Columbia
1221-1224 E Walnut St,
Columbia, MO 65201
1-4 Beds | $679 - $1,629
Rental Market Trends in Columbia, MO
What is the average rent in Columbia, MO?
$1,059/month
Average Rent
709 Sq Ft
Average Apartment Size
+4.1%
Increase in the Last Year
As of January 2025, the average rent in Columbia, MO is $1,059 per month. This is 32% lower than the national average rent of $1,554/month, making renting in Columbia more affordable than most cities in the US. When you rent an apartment in Columbia, you can expect to pay about $638 per month for a studio, $1,059 for a one-bedroom apartment, and around $1,092 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,426 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Columbia, MO?
In the past year, rent has increased by 4.1%, which averages out to $44 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2025
Legend
2024
2025
Rent Ranges in Columbia, MO
Last Updated January 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
11%
Below $700/month
30%
$700 - $1,000/month
42%
$1,001 - $1,500/month
13%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Columbia?
Based on current rent prices, Broadway Farms, Columbia/Jefferson City and Tenth Hitt Elm Locust are the most affordable neighborhoods in Columbia.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Columbia?
Based on current rent prices, Downtown Columbia, Tenth Hitt Elm Locust and Columbia/Jefferson City are the most expensive neighborhoods in Columbia.
Neighborhood
Average Rent
Average Sq Ft
Which Columbia neighborhoods have the most rentals available?
The neighborhoods in Columbia with the most apartments available are Columbia/Jefferson City, Tenth Hitt Elm Locust and Broadway Farms .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Columbia, MO?
Because the average rent in Columbia is $1,059, you’ll want to make about $3,530 per month or $42,360 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Columbia, MO compare to other nearby cities and neighborhoods?
Use the tool below to compare Columbia, MO to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$960/month
One Bedroom
-
$2,003/month
Two Bedroom
-
$1,498/month
Three Bedroom
-
$2,476/month
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Hamilton Point Investments
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The Tailwind Group
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Worcester Investments
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.