Apartment Rent Prices at The Reserve at 77 [2024]
If you're looking for a reasonably priced apartment in Kansas City, you need to know the overall rental price changes to make the best choice for your budget and needs. We took the work off your plate by doing a deep dive into the rental prices at The Reserve at 77.
Here's what we discovered from the rental prices at The Reserve at 77 to help you find the best apartment for you.
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.
The Reserve at 77 Average Rent Prices and Trends
Average Apartment Rent Prices at The Reserve at 77
If you're considering renting at The Reserve at 77, our data provides insight into pricing trends and availability over time for various unit sizes, helping you make an informed decision.
| Bedrooms | Bathrooms | Average Time on Market | Average Price |
|---|---|---|---|
| 1 | 1 | 20.8 days | $999.71 |
| 2 | 1 | 9.6 days | $1137.66 |
The Reserve at 77 Apartments shows strong demand for two-bedroom units, which average just 9.6 days on the market at a monthly price of $1,137.66. One-bedroom units, with an average rent of $999.71, take longer to lease at 20.8 days. Both unit types offer broad rent ranges, appealing to a variety of renters, but the quicker turnover of two-bedroom units suggests a higher demand for more space. Adjustments in marketing or amenities for one-bedroom units could help reduce their days on market.
Are Apartment Prices Going Up or Down at The Reserve at 77?
If you're trying to figure out if the rental prices at The Reserve at 77 are going up or down, we pulled together data to help.
| Unit Rented Month | Bedrooms | Bathrooms | Time on Market | Last Price Seen | Units |
|---|---|---|---|---|---|
| 2024-10-01 | 1 | 1 | 87.3 days | $1009 | 3 |
| 2024-10-01 | 2 | 1 | 18.5 days | $1145.5 | 2 |
| 2024-09-01 | 1 | 1 | 44 days | $1016 | 1 |
| 2024-09-01 | 2 | 1 | 21 days | $1122 | 1 |
| 2024-08-01 | 1 | 1 | 120.3 days | $985 | 3 |
| 2024-08-01 | 2 | 1 | 6 days | $1116 | 1 |
| 2024-07-01 | 1 | 1 | 78.7 days | $959.77 | 9 |
| 2024-06-01 | 1 | 1 | 96.5 days | $977.75 | 4 |
| 2024-06-01 | 2 | 1 | 24 days | $1089.5 | 2 |
| 2024-05-01 | 2 | 1 | 4 days | $1119 | 1 |
At The Reserve at 77, rent prices are trending upward, albeit more gradually. One-bedroom units have increased from around $950 in early 2024 to $1,009 by October, with a high of $1,038 seen in May. Two-bedroom units show similar steady growth, moving from approximately $1,048 in late 2023 to $1,145.5 in October 2024.
Despite these price increases, the demand for one-bedroom units may be softening, as their time on market has lengthened, sometimes exceeding 80 days. In contrast, two-bedroom units continue to lease more quickly, suggesting stronger demand for larger spaces. No current data supports rapid turnover or high pricing for three-bedroom units, indicating two-bedroom units may now be the primary driver of demand.
When Is the Best Time to Rent an Apartment at The Reserve at 77?
The best time to rent at The Reserve at 77 remains earlier in the year, particularly in late winter or early summer, when prices tend to be lower. One-bedroom units are generally more affordable in these months, while two-bedroom units also see slight price dips around early summer. By fall, prices typically increase, making it advantageous for renters to act sooner in the year to secure a better rate.
How The Reserve at 77 Compares to Kansas City’s Local Market?
It's also important to understand how the current prices and rental dynamics at The Reserve 77 stack up against the rest of Kansas City.
We pulled together the average prices and days on market for units at The Reserve at 77 to the broader Kansas City market for a better idea 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)* |
|---|---|---|---|
| 1 | 1 | $979 (-8.2%) | 73 (8.7%) |
| 2 | 1 | $1113 (-3.2%) | 30 (-21.4%) |
The Reserve at 77 remains competitive within the Kansas City rental market, offering slightly lower prices and favorable leasing times compared to the city average. For one-bedroom units, prices are 8.2% below the market average, with an average time on market of 73 days, just 8.7% longer than the local average. Two-bedroom units are similarly well-priced at 3.2% below the market average, and they lease quickly, spending 21.4% less time on the market than comparable units in Kansas City. Overall, The Reserve at 77 offers strong value with attractive pricing and relatively quick leasing, particularly for two-bedroom units.
Apartment Hunting in Kansas City?
If you're looking for a Kansas City apartment with great amenities and reasonable prices, you can find what you're looking for at The Reserve at 77. It's a good idea to act quickly if you find a deal, especially earlier in the year during winter months. If you're still not sure which type of apartment to rent, take our personalized quiz to find the right apartment for your needs.
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