Low Income Apartments and Affordable Housing For Rent in Lee's Summit, MO

Discover affordable housing in Lee's Summit where there are 6+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Ashbrooke Apartments

524 S. E 2nd St, Lee's Summit, Missouri 64063

Sage Crossing Apartments

600 NE Howard Ave, Lee's Summit, Missouri 64063

John Calvin Manor

310 NW Murray Rd, Lee's Summit, Missouri 64081

Wilshire Hills

3251 NE Manhattan Dr, Lee's Summit, Missouri 64064

Summit Grove Senior Apartments

750 NE Tudor Rd, Lee's Summit, Missouri 64086

Duncan Estates

705 SW Burry St, Lee's Summit, Missouri 64081

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lee's Summit, Missouri
$23.83/hour
$11.53 (+94%) more than Missouri minimum wage and $16.58 (+229%) more than the Federal minimum wage.
Learn More About Lee's Summit, Missouri Affordable Housing ↓

How many renters live in Lee's Summit, Missouri?

The City of Lee's Summit has 104,336 people living in 40,527 households.

There are 23,307 renters living in 11,602 renter households in this City. Renters make up 22.34 percent of the population living in Lee's Summit.

What is the rental market like in Lee's Summit, Missouri?

There are an estimated 40,716 housing units in the Lee's Summit area. Of these, 10,229 units are rental homes, making up 25 percent of the housing market. For every renter household in Lee's Summit, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Lee's Summit?

The rental vacancy rate in Lee's Summit is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Lee's Summit for each bedroom size?

Occupied Rental Units by Size in Lee's Summit
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
531 2,689 3,624 2,134 556
Occupied Rental Units by Size in Lee's Summit

A large number of apartments in Lee's Summit have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Lee's Summit are overburdened by housing costs?

Among renter households in this market, 48 percent have housing cost burden. Further, 22 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Lee's Summit

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $985 to $1,931. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $985
One BR $1,098
Two BR $1,258
Three BR $1,645
Four BR $1,931
2024 Fair Market Rents in Lee's Summit, Missouri

How many units are rented at Fair Market Rent (FMR) in Lee's Summit?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 440 83 percent
One BR 1,298 48 percent
Two BR 1,481 41 percent
Rental Units Below FMR in Lee's Summit, Missouri

How many affordable rental units are in Lee's Summit?

There are a variety of federal affordable housing programs serving households in Lee's Summit, Missouri including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 498
Public Housing 116
Section 8 Project-Based Rental Assistance 327
Tracked Units by Federal Program in Lee's Summit, Missouri

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Lee's Summit, Missouri

Lee's Summit features 368 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Lee's Summit, Missouri

There are 139 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lee's Summit.

Housing Choice Vouchers in Lee's Summit, Missouri

On average, Section 8 Housing Choice vouchers pay Lee's Summit landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Lee's Summit.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lee's Summit, Missouri for a two-bedroom apartment is between $1,132 and $1,384.

Sourced from federal housing data and AffordableHousingOnline.com research.