Independence, KY Rental Market Trends
Highlights
The average rent for an apartment in Independence is $872, a 13% increase compared to the previous year, when the average rent was $771.
Studio apartments in Independence rent for a month, while 1-bedroom apartments ask on average $607 a month; the average rent for a 2-bedroom apartment is $870.
Average Rent in Independence, KY
Last updated Sep 2018
| All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Average Rent | $872 | $607 | $870 | $1,103 | |
| Y-o-Y Change | 13% | n/a | -10% | 19% | 5% |
| Average Apartment Size | 1,083 sq. ft. | 733 sq. ft. | 1,087 sq. ft. | 1,351 sq. ft. |
Independence, KY Rent Trends
| Average Rent All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Sep / 2018 | $872 | $607 | $870 | $1,103 | |
| Jan / 2018 | $872 | $607 | $870 | $1,103 | |
| Sept / 2017 | $783 | $622 | $762 | $1,033 | |
| May / 2017 | $771 | $678 | $732 | $1,046 | |
| Jan / 2017 | $752 | $622 | $731 | $973 | |
| Sept / 2016 | $749 | $609 | $730 | $966 | |
| May / 2016 | $783 | $609 | $764 | $1,031 | |
| Jan / 2016 | $743 | $608 | $724 | $958 | |
| Sept / 2015 | $733 | $607 | $714 | $944 | |
| May / 2015 | $746 | $607 | $725 | $976 | |
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How Does Independence Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Covington | $783 | 3% |
| Erlanger | $748 | -2% |
| Ft Mitchell | $765 | 0% |
| Fort Wright | $802 | 3% |
| Erlanger City | $748 | -2% |
| Fort Mitchell City | $765 | 0% |
| Independence | $872 | 13% |
| Crescent Springs | $765 | 0% |
| Elsmere | $748 | -2% |
| Latonia | $811 | 4% |
For more information about the Independence rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Independence apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.