Independence, MO Rental Market Trends

Highlights

The average rent for an apartment in Independence is $732, a 1% increase compared to the previous year, when the average rent was $724.

Studio apartments in Independence rent for $438 a month, while 1-bedroom apartments ask on average $666 a month; the average rent for a 2-bedroom apartment is $800.

Average Rent in Independence, MO

Last updated Oct 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $732 $438 $666 $800 $1,025
Y-o-Y Change 1% 4% 1% 2% n/a
Average Apartment Size 728 sq. ft. 387 sq. ft. 627 sq. ft. 874 sq. ft. 1,215 sq. ft.

The average size for a Independence apartment is 728 square feet, but this number varies greatly depending on apartment type. A studio averages 387 sq. ft., while a one-bedroom apartment offers a more generous square footage: 627. 2-bedroom apartments in Independence have an average size of 874 sq. ft.

Independence, MO Apartment Rent Ranges

  • < $5008%
  • $501-$70069%
  • $701-$1,00021%
  • $1,001-$1,5001%

Independence, MO Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Oct / 2018 $732 $438 $666 $800 $1,025
Jan / 2018 $732 $438 $666 $800 $1,025
Sept / 2017 $728 $428 $659 $797 $1,041
May / 2017 $724 $422 $659 $788 $1,028
Jan / 2017 $713 $408 $645 $782 $1,016
Sept / 2016 $717 $412 $653 $782 $1,018
May / 2016 $703 $385 $637 $771 $997
Jan / 2016 $692 $395 $629 $757 $973
Sept / 2015 $682 $384 $612 $755 $979
May / 2015 $675 $376 $608 $743 $957
/

Average Rent in Independence, MO By Neighborhood

Blackburn
$822
Bridger
$822
Rainbow
$796
Pitcher
$731
Santa Fe
$731
South Independence
$731
Benton
$598
Blue Village
$598
Cler-Mont
$598
Farview
$598
Heart of Independence
$598
Kentucky Hills
$598
McCoy
$598
Mill Creek
$598
Ott-Chrisman
$598
Queen City
$598
Randall
$598
Spring Branch
$598
Town Hall
$598
Valley View
$598
Bundschu
$581
Procter
$571
/
/

The most affordable neighborhoods in Independence are Procter, where the average rent goes for $571/month, Bundschu, where renters pay $581/mo on average, and Benton, where the average rent goes for $598/mo. If you’re looking for other great deals, check out the listings from Blue Village ($598), Cler-Mont ($598), and Farview ($598), where the asking prices are below the average Independence rent of $732/mo.

The most expensive neighborhoods in Independence are Rainbow ($796), Blackburn ($822) and Bridger ($822).

Independence | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Benton is 27% lower than in Blackburn

$598

Benton rent is 18% lower than Independence average

All rentals $598
Studio $420
1 Bed $600
2 Beds $640
3 Beds $786
$822

Blackburn rent is 12% higher than Independence average

All rentals $822
Studio $500
1 Bed $755
2 Beds $923
3 Beds $1,201

How Does Independence Compare to Nearby Cities

Average Rent Y-o-Y Change
Kansas City $926 3%
Grandview $671 -1%
Raytown $717 4%
Blue Springs $807 1%
Independence $732 1%
Lake Tapawingo $814 1%
Lee's Summit $987 1%
Grain Valley $896 6%
Sugar Creek $581 3%
Greenwood $934 -2%
Oak Grove $880 4%

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

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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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