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MarketsKansasAtchisonRent Analysis

Rent Analysis: Atchison, KS

Updated 2026 · Based on median market data for Atchison, KS

Cap Rate
5.74%
Median Price
$175K
Rent/Mo
$1,220
1% Rule
0.70%
Fails

Rent Overview

The median monthly rent in Atchison, KS is $1,220, translating to $14,640 in annual gross rental income per unit. The rent-to-price ratio is 0.70% — well below the 1% rule, making pure cash flow investing challenging at median prices.

Rent Affordability

Renters in Atchison spend approximately 27% of the local median household income ($55,200) on rent. This is within the healthy 25-30% range, indicating rent is affordable relative to local incomes. There may be room for moderate rent increases, especially for updated or well-located units.

Vacancy & Tenant Demand

The vacancy rate in Atchison is 5.3%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.7% annually provides stable demand.

Gross Rent Multiplier

Atchison's GRM (price divided by annual rent) is 12.0x. A GRM under 12x is excellent — it means you're paying less than 12 years of gross rent for the property, suggesting strong income relative to price. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.

Rental Income Projection

At the median rent of $1,220/mo, a single-family rental in Atchison generates approximately $14,640 in gross annual income. After accounting for 5.3% vacancy ($776 lost), property taxes of $2,415, insurance (~$700), and maintenance (~$700), the estimated NOI is $10,049 per year, or $837/mo.

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How Atchison Compares

Atchison vs Kansas state average and national average across key investment metrics. Atchison outperforms both benchmarks on cap rate.

Metric
Atchison
Kansas Avg
National Avg
Cap Rate
5.74%
3.83%
3.81%
Median Price
$175K
$212K
$333K
Median Rent
$1,220
$1,076
$1,524
Property Tax
1.38%
1.38%
1.08%
Vacancy
5.3%
5.3%
5.6%
Pop. Growth
0.7%/yr
0.7%/yr
0.9%/yr

Nearby Midwest Markets

City
Cap Rate
Price
Rent
Tax
Atchison, KS
5.7%
$175K
$1,220
1.38%
Bay City, MI
6.0%
$175K
$1,280
1.46%
Dixon, IL
3.7%
$175K
$1,020
2.06%
Salina, KS
4.8%
$175K
$1,070
1.38%
Ashtabula, OH
4.2%
$170K
$1,000
1.58%

Frequently Asked Questions

What is the average rent in Atchison, KS?
The median monthly rent in Atchison is $1,220, or $14,640 per year. This is 20% below the national average of $1,524/mo. Rent levels vary by neighborhood, property condition, and unit size — always verify comparable rents for your target property.
Is Atchison a good rental market for landlords?
With a rent-to-price ratio of 0.70%, Atchison falls below the 1% rule, meaning cash flow depends on buying below median or achieving above-median rents. The 5.3% vacancy rate signals tight rental demand, favorable for landlords.
How does Atchison rent compare to Kansas averages?
Atchison's median rent of $1,220/mo is 13% above the Kansas average of $1,076/mo. Home prices at $175K are below the state average of $212K, giving Atchison a rent-to-price ratio of 0.70% vs 0.51% statewide.
What is a good rent-to-price ratio?
The 1% rule says monthly rent should be at least 1% of purchase price ($1,000/mo rent on a $100,000 home). Atchison's ratio is 0.70%. Generally, above 0.8% is workable with good financing, above 1% is strong, and above 1.2% is exceptional. The national average across the 300+ cities we track is 0.46%.
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Explore Atchison & Related Markets

More Atchison Guides

Rental Property Investment GuideProperty Tax GuideCost of Living & AffordabilityAppreciation & Growth ForecastNeighborhood Investment Guide

Similar Markets in the Midwest

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Marion, OH$170K · $1,240/mo
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Great Bend, KS$120K · $810/mo
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Pittsburg, KS$130K · $940/mo
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