Independence, MO Rental Market Trends

Highlights

The average rent for an apartment in Independence is $746, a 2% increase compared to the previous year, when the average rent was $728.

Average Rent in Independence, MO

Last updated Mar 2019
Average Rent Y-o-Y Change Average Apartment Size
$746 2% 721 sq. ft.

The average size for a Independence, MO apartment is 721 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Independence, MO Apartment Rent Ranges

  • < $5004%
  • $501-$70041%
  • $701-$1,00049%
  • $1,001-$1,5006%

Independence, MO Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Mar / 2019
Independence, MO $692 $703 $717 $713 $724 $728 $732 $732 $746
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Average Rent in Independence, MO By Neighborhood

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The most affordable neighborhoods in Independence are Bristol, where the average rent goes for $486/month, Fairland Heights, where renters pay $486/mo on average, and Hill Park, where the average rent goes for $486/mo. If you’re looking for other great deals, check out the listings from Rock Creek ($486), Rockwood ($486), and Three Trails ($486), where the asking prices are below the average Independence rent of $746/mo.

The most expensive neighborhoods in Independence are Rainbow ($800), Blackburn ($820) and Bridger ($820).

Independence | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in 39th East is 27% higher than in Benton

$776

39th East rent is 4% higher than Independence average

Average Rent $776
$609

Benton rent is 18% lower than Independence average

Average Rent $609

How Does Independence Compare to Nearby Cities

Average Rent Y-o-Y Change
Kansas City $931 3%
Lee's Summit $1,021 4%
Grandview $694 3%
Raytown $700 -2%
Blue Springs $823 4%
Grain Valley $890 4%
Independence $746 2%
Greenwood $1,053 13%
Lake Tapawingo $829 4%
Sugar Creek $600 2%
Oak Grove $817 -5%

For more information about the Independence rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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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.

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