Lawrence, Kansas Short-Term Rental Market Overview

Population: 94,934
Annual Visitors: Still gathering data
Total STRs: 311
ADR: $172.23

Visitor Profile

Visitors to Lawrence, Kansas, are typically a vibrant mix of college students, history enthusiasts, and cultural explorers who seek an authentic Midwestern experience. Many are drawn by the city’s lively arts scene, renowned music festivals, and historic neighborhoods that offer a glimpse into its rich history. For those interested in hands-on educational experiences, exploring local museums and heritage sites provides a deeper connection to the city’s story.

A key highlight for visitors is Trinity Lutheran Church & Commons, which offers a blend of historic architecture and community events, but a top attraction that captures the spirit of Lawrence is the University of Kansas campus, known for its impressive Natural History Museum & Field Station. This site appeals to both curious families and academic visitors eager to explore interactive exhibits, scenic outdoor spaces, and fabulous views of the surrounding landscape, making it a must-visit destination that embodies the educational and cultural value travelers seek in Lawrence.

Top Attractions

Lawrence, Kansas, is a vibrant city renowned for its rich history and lively cultural scene. Visitors are drawn to the city’s historic district, where charming architecture and local landmarks tell the story of its past. The city also boasts a variety of museums, galleries, and theaters that showcase its artistic spirit. Outdoor enthusiasts will find plenty to explore at nearby parks, riverfront areas, and scenic trails, making it an ideal destination for those who appreciate nature and active leisure.
In addition to its attractions, Lawrence is famous for its dynamic community events, festivals, and music scenes that create an energetic atmosphere. The city’s renowned college town vibe, anchored by the University of Kansas, adds a youthful and lively flavor to the local culture. Whether you’re exploring historical sites, enjoying a live performance, or wandering through bustling markets, Lawrence offers a perfect blend of history, culture, and entertainment that makes every visit memorable.

Regulations

Short-term rental hosting in Lawrence, Kansas, is subject to regulatory oversight designed to ensure that these properties operate safely and in accordance with local community standards. As a host in Lawrence, you can anticipate compliance requirements that focus on licensing, zoning, health and safety, taxation, and operational conduct. While the city maintains frameworks to manage these rentals, detailed official city resources provide the most authoritative guidance required for lawful hosting.

Key Regulatory Considerations:

– Licensing and Permits: Hosts must obtain the appropriate permits or licenses from the City of Lawrence. This process typically involves submitting an application to the city’s licensing department and paying associated fees. Renewal cycles and specific documentation requirements may apply.

– Primary Residence and Zoning Requirements: The city may enforce regulations regarding whether a short-term rental must be a primary residence or allow entire properties solely for short-term rentals. Additionally, zoning laws may restrict short-term rental operations to certain neighborhoods or types of properties.

– Occupancy and Health & Safety Standards: Regulations generally include occupancy limitations to avoid overcrowding and mandate safety features such as smoke detectors, carbon monoxide alarms, and fire extinguishers to protect guests.

– Tax Obligations: Hosts are typically required to collect and remit local transient occupancy tax (TOT) and possibly state sales tax on short-term rental income, complying with reporting and payment schedules established by city and state tax authorities.

– Operational and Enforcement Rules: This can include specific rules regarding how rentals must be advertised, limits on noise, and the obligation to manage guests responsibly. Non-compliance with these rules can result in fines, revocation of permits, or other penalties.

For the most current and legally binding information, property owners should consult the City of Lawrence’s Official Government Website. This resource offers direct access to municipal codes, licensing details, and contact information for city departments handling short-term rental regulations, ensuring hosts have the latest, authoritative rules and updates.

Lawrence, Kansas Market Performance Trends

LTM Avg. Daily Rate$160.00
LTM Occupancy Rate53.8%
LTM Avg. Revenue$2,117

Lawrence, Kansas Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:66.8% Booked
  • 4-6 Months:57.3% Booked
  • 7-9 Months:47.2% Booked
  • 10-12 Months:6.5% Booked

Cancellation Policies

  • Flexible:38.8%
  • Moderate:38.8%
  • Strict:21.9%
  • Super Strict:0%
  • N/A:0.5%

Minimum Stay

  • 1 Day:116
  • 2 Days:87
  • 3 Days:17
  • 4-6 Days:10
  • 7-29 Days:13
  • 30+ Days:14

Lawrence, Kansas Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Guest Rating Highlights

  • Overall Rating:4.86 / 5
  • Cleanliness:4.91 / 5
  • Location:4.91 / 5
  • Value:4.85 / 5
  • Accuracy:4.93 / 5
  • Check-in:4.96 / 5
  • Communication:4.96 / 5

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