Apartment Rent Prices at Park Central Apartments [2024]
As we move through 2024, rent prices at Park Central Apartments have continued to shift, reflecting the evolving market trends in Kansas City. This overview dives into the latest pricing patterns for various unit types, helping you understand the current rates and what to expect when searching for your next home at Park Central. Whether you’re looking for a studio or a larger space, this snapshot provides a clear picture of where prices stand this year.
Note: All of the rental data included here comes from our internal database of rent estimates. We offer rental estimates at the city, state, and national level available for download.
Park Central Apartments Average Rent Prices and Trends
Apartment Rent Prices at Park Central Apartments
The table below showcases the rent price trends at Park Central Apartments in Kansas City from 2021 to 2024. It includes data on shifts in pricing, time on the market, and availability for all available layouts.
Review the data for insights into how rent prices have changed over time, offering valuable context for making an informed decision about renting at Park Central.
| Unit Rented Month | Bedrooms | Bathrooms | Time on Market | Last Price Seen | Units |
|---|---|---|---|---|---|
| Oct 2021 | Studio | 1 | 98 days | $810 | 1 |
| Nov 2021 | Studio | 1 | 70 days | $817 | 1 |
| Feb 2022 | Studio | 1 | 9 days | $795 | 1 |
| Jul 2022 | 1 | 1 | 27 days | $972 | 2 |
| Nov 2022 | Studio | 1 | 17 days | $795 | 1 |
| Oct 2022 | 1 | 1 | 90 days | $1025 | 1 |
| Dec 2022 | Studio | 1 | 21 days | $795 | 1 |
| Feb 2023 | Studio | 1 | 144 days | $817 | 2 |
| Mar 2023 | Studio | 1 | 144 days | $828 | 3 |
| Mar 2023 | 1 | 1 | 50 days | $1021 | 3 |
Rent prices at Park Central Apartments have exhibited both fluctuations and periods of stabilization from 2021 to 2024. Studio prices were relatively low and steady in 2022, averaging around $795, but saw a noticeable uptick in early 2024, peaking at $899 in February and March before tapering off to $805 in August. This suggests that the early part of the year may bring higher prices for studios.
In contrast, 1-bedroom units have shown more stability, with prices consistently ranging between $950 and $1,000 in 2024, indicating that rent for these units has leveled off. Additionally, time on the market has increased notably in 2024 for both unit types, potentially signaling a shift in demand or market saturation.
Are Apartment Prices Going Up or Down at Park Central Apartments?
Rent prices at Park Central Apartments have seen some fluctuations in recent months.
We’ve compiled a quick overview of the most recent changes below to give you a better sense of where the market is heading in 2024.
| Unit Rented On | Bedrooms | Bathrooms | Time on Market | Last Price Seen |
|---|---|---|---|---|
| 2024-09-29 | Studio | 1 | 19 days | $825 |
| 2024-09-27 | 1 | 1 | 78 days | $950 |
| 2024-09-27 | 1 | 1 | 78 days | $950 |
| 2024-09-27 | 1 | 1 | 78 days | $950 |
| 2024-09-25 | Studio | 1 | 39 days | $870 |
| 2024-09-10 | Studio | 1 | 55 days | $890 |
Apartment prices at Park Central show a recent downward trend, particularly for studio units. In early September 2024, studios were priced at $890 but have since decreased to $825 by the end of the month. Similarly, 1-bedroom units have remained stable at $950, with no significant changes observed in recent listings.
When Is the Best Time to Rent an Apartment at Park Central Apartments?
The best time to rent at Park Central Apartments appears to be during the late summer to early fall months. For studio units, prices tend to be lower around August, with rates dropping to $805 in 2024. Similarly, 1-bedroom units are more affordable in the summer, with prices hovering around $958 in August 2024, compared to peaks of nearly $1,000 in the earlier months of the year. These trends suggest that targeting your rental search for late summer or early fall could yield the most competitive prices.
How Does Park Central Apartments Compare to Kansas City’s Local Market?
Curious how rent prices and market dynamics at Park Central Apartments stack up against other apartments in Kansas City?
Below, we’ve compiled the average prices and days on market for units at Park Central Apartments to the broader Kansas City market, giving you a clear picture of how this property measures up.
Note: Market data includes Kansas City and surrounding areas and is segmented by asset type
| Bed | Bath | Property Average Price (% compared to Market)* | Property Average Days on Market (% compared to Market)* |
|---|---|---|---|
| Studio | 1 | $848 (-16.2%) | 128 (-3.7%) |
| 1 | 1 | $972 (-25.6%) | 89 (2.2%) |
Park Central Apartments offer renters a competitive edge compared to the Kansas City market. Studio units are priced 16.2% below the city average, making them an attractive option for budget-conscious renters. These units spend an average of 128 days on the market, which is in line with the local average.
For 1-bedroom apartments, Park Central stands out even more, offering rates 25.6% below the Kansas City average, though they tend to stay on the market slightly longer, with an average of 89 days.
Apartment Hunting in Kansas City?
Park Central Apartments present a strong value for renters in Kansas City, offering below-market prices for both studio and 1-bedroom units. If you're considering a move, now could be a great time to explore what Park Central has to offer. For more insights or help finding the perfect unit, take our personalized apartment-matching quiz today.
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