Department of Numbers

Lawrence Kansas Residential Rent and Rental Statistics

The median monthly gross residential rent in Lawrence, KS (the Lawrence metro area) was $827 in 2015 according to the Census ACS survey.1 Average gross rent in Lawrence was $845 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Lawrence median and average rent data will be released in September of 2017.

Data is also available below for Lawrence rental vacancy rates, Lawrence rent as a percent of median income and the fraction of renters in Lawrence.

Show dollars as: Nominal Real

Real Gross Rent in Lawrence Kansas (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Kansas Median Gross Rent $782 +1.69% +9.68%
Lawrence, KS Median Gross Rent $827 -1.19% +1.60%

Lawrence, KS Real Gross Rent Trends

Median gross rent for Lawrence peaked in real terms in 2011 at $883 and is now $56 (6.34%) lower. Average gross rent for Lawrence peaked in real terms in 2010 at $920 and is now $75 (8.15%) lower.

Real Gross Rent in Lawrence: Lawrence KS Median, Lawrence KS Average, Kansas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Lawrence

Date US
Median
Kansas
Median
Lawrence, KS
Median
Lawrence, KS
Average
2015 $959 $782 $827 $845
2014 $930 $769 $837 $851
2013 $898 $740 $830 $896
2012 $886 $713 $814 $854
2011 $887 $722 $883 $898
2010 $901 $718 $864 $920
2009 $905 $721 $878 $895
2008 $920 $730 $814 $833
2007 $874 $690 $795 $798
2006 $883 $705 $845 $877
2005 $858 $693 $826 $861

Lawrence Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2013 the rental vacancy rate for Lawrence Kansas was 5.69% according to Census ACS data.

Rental Vacancy Rate in Lawrence Kansas

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Kansas 7.74% -0.71% +0.82%
Lawrence, KS

Trends in Lawrence, KS Rental Vacancy Rate

At 5.69%, Lawrence residential rental vacancy rate in 2013 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Lawrence KS, Kansas, US

Rental vacancy rate in Kansas

Historical Rental Vacancy Rate data for Lawrence

Date US Kansas Lawrence, KS
2015 5.85% 7.74%
2014 6.32% 8.45%
2013 6.49% 6.54% 5.69%
2012 6.77% 6.92%
2011 7.40% 8.09%
2010 8.17% 7.42%
2009 8.43% 7.41%
2008 7.86% 6.21% 5.08%
2007 7.87% 8.18%
2006 7.70% 7.16%
2005 7.74% 10.02%

Rent as a Fraction of Income

Using median household income data for Lawrence, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lawrence, median monthly gross rent as a fraction of median household income was 18.74% in 2015 according to the ACS.

Lawrence Kansas Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Kansas 17.41% -0.26% +0.43%
Lawrence, KS 18.74% -2.04% -0.68%

Trends in Lawrence, KS Rent as a Fraction of Income

The fraction of median Lawrence household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 22.61%. Since then it has fallen by 3.87% to 18.74%.

Fraction of Income towards Rent: Lawrence KS, Kansas, US

Percent of median household income going towards median monthly gross rent in Lawrence Kansas

Historical Data for Annual Rent as a Fraction of Income in Lawrence Kansas

Date US Kansas Lawrence, KS
2015 20.63% 17.41% 18.74%
2014 20.89% 17.67% 20.78%
2013 20.78% 17.54% 19.24%
2012 20.65% 16.98% 19.42%
2011 20.70% 17.38% 21.79%
2010 20.50% 16.96% 20.82%
2009 20.12% 16.84% 22.61%
2008 19.00% 15.64% 18.86%
2007 18.66% 15.76% 20.14%
2006 18.90% 16.07% 18.70%
2005 18.89% 16.44% 21.46%

Renter Fraction in Lawrence Kansas

You can calculate the renter fraction in Lawrence in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Lawrence as a fraction of total Lawrence households. In 2015 46.18% of households were renters according to Census ACS data.

Lawrence Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Kansas 33.58% +0.21% -0.06%
Lawrence, KS 46.18% -1.20% -2.85%

Trends in the Lawrence, KS Renter Fraction

The Lawrence household renter fraction peaked in in 2010 at 51.79% and is now 5.61% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Lawrence KS, Kansas, US

Fraction of renters in Lawrence

History of Lawrence Renter Fraction

Date US Kansas Lawrence, KS
2015 36.97% 33.58% 46.18%
2014 36.90% 33.37% 47.38%
2013 36.50% 33.94% 46.56%
2012 36.09% 33.64% 49.03%
2011 35.42% 32.19% 48.45%
2010 34.65% 31.93% 51.79%
2009 34.13% 32.20% 46.70%
2008 33.36% 30.57% 46.25%
2007 32.80% 29.84% 42.68%
2006 32.73% 30.07% 39.74%
2005 33.10% 30.54% 48.93%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.