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Colby, KS Home for Rent

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    $1,000

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 950 Sq Ft
    • House for Rent

    715 W 8th St, Colby, KS 67701

    New upstairs windows and siding. This 3 bedroom, 1 bathroom home has went through a full refresh/renovation! Pets negotiatable.

    715 W 8th St, Colby, KS 67701

Why Live in Colby

Colby, located in northwestern Kansas, is a small city known for its rural charm and strong sense of community. It serves as the county seat of Thomas County and is surrounded by farms, ranches, and crop fields. The city features a mix of older homes and new housing developments, with styles including Cape Cods, Colonial Revivals, bungalows, ranch-style homes, and Victorian cottages. The average home value is around $195,000, and the housing market sees limited turnover. Colby’s schools benefit from significant community support, including a recently built agricultural education and technology center funded by local donations. The city also hosts Sacred Heart Catholic School and Heartland Christian School, along with Colby Community College, which offers specialized programs in agronomy, animal science, beef production, and equine science. Residents enjoy outdoor activities at Fike Park, Young Park, and Colby City Aquatic Park, which features waterslides, a lazy river, and a large pool. Downtown Colby is the shopping hub of Thomas County, with specialty shops, restaurants like B-Hive, and essential services. Major highways such as Kansas Highway 25, U.S. Route 24, and Interstate 70 facilitate transportation, while the Kyle Railroad supports local industries. Citizens Medical Center, a key employer, is expanding, promising more career opportunities. Despite being in Tornado Alley, Colby has a minor risk of wind-related storms, with the most severe event being an F1 tornado in 2006.

Frequently Asked Questions

How much does it cost to rent a home in Colby, KS?
The median rent for a home in Colby, KS is $1,000 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Colby, KS?
To comfortably afford the median rent in Colby, KS, a household needs to earn roughly $40,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,000 per month in Colby, KS, renters typically need to show $3,000 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Colby, KS?
In Colby, KS, the price-to-rent ratio is 11.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Colby, KS

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,000
Median Single Family Home Rent
$1,000
How to Rent a Home