O3-KCrO2 is the only known stoichiometric layered transition metal oxide with a layered structure, which enables efficient coupling with a graphite anode for K+-shuttling batteries. O3-KCrO2, however, shows low Coulombic efficiency during 1st charge/discharge cycle and continuous capacity fading during subsequent cycles. Here, we present a slightly K+-deficient compound P'3-K0.8CrO2, synthesized from a commercially available K2CrO4, as a stable cathode in potassium ion batteries. During the 1st charge, K0.8CrO2 mostly retains its P'3-phase with a short P3 region and finally returns to a P'3-phase (K0.48CrO2). Subsequent discharge shows reversible phase transitions, but ultimately yielded a new O'3-K0.9CrO2 phase. Absence of an O3-phase and persistence of a P'3-phase during charge/discharge, result in negligible volume changes (1.08%) and facile K+ diffusion through the spacious-prismatic sites (D =10(-11) - 10(-10) cm(2) s(-1)). This eventually contributes to a significant improvement in cyclic stability (99% retention after 300 cycles at 1 C) and rate capability (52 mAh.g(-1) at 2 C), respectively. We believe that the use of slightly K+-deficient chromium oxides synthesized via a simple protocol should enhance the commercial viability of KxCrO2 in potassium ion batteries.