Independence, MO Rental Market Trends

Highlights

The average rent for an apartment in Independence is $765, a 4% increase compared to the previous year.

Average Rent in Independence, MO

Last updated October 2019
Average Rent Y-o-Y Change Average Apartment Size
$765 4% 799 sq. ft.

The average size for a Independence, MO apartment is 799 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

  • < $5003%
  • $501-$70037%
  • $701-$1,00050%
  • $1,001-$1,50011%

Independence, MO Occupied Housing Units

  • Renter-occupied Households39%
  • Owner-occupied Households60%

19,044 or 39% of the households in Independence, MO are renter-occupied while 29,153 or 60% are owner-occupied.

Independence, MO Rent Trends

Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019
Independence, MO $705 $700 $711 $719 $721 $733 $735 $748 $757 $765
National $1,353 $1,349 $1,381 $1,383 $1,386 $1,421 $1,430 $1,434 $1,470 $1,476
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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 $599/month, Fairland Heights, where renters pay $599/mo on average, and Hill Park, where the average rent goes for $599/mo. If you’re looking for other great deals, check out the listings from Rock Creek ($599), Rockwood ($599), and Three Trails ($599), where the asking prices are below the average Independence rent of $765/mo.

The most expensive neighborhoods in Independence are Rainbow ($854), Blackburn ($882) and Bridger ($882).

Independence | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in 39th East is 24% higher than in Benton

$787

39th East rent is 3% higher than Independence average

Average Rent $787
$634

Benton rent is 17% lower than Independence average

Average Rent $634

How Does Independence Compare to Nearby Cities

Average Rent Y-o-Y Change
Kansas City $1,004 3%
Independence $765 4%
Lee's Summit $1,102 8%
Blue Springs $877 7%
Grandview $717 3%
Raytown $745 7%
Grain Valley $882 -1%
Greenwood $1,100 4%
Lake Tapawingo $879 6%
Sugar Creek $629 5%

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 ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.

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