Independence, Missouri Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Independence, Missouri rental market.
Independence, Missouri
Average Apartment Rent
$1,189
Y-o-Y Change in Average
Apartment Rent
1.8%
As of May 2026
Compared to a year ago, Independence, Missouri apartments have recorded a 1.8% rent increase.
Independence, Missouri Average apartment rent trend
Independence, Missouri Average Apartment Rent
Independence, Missouri Apartment rent ranges
At 55.75%, apartments priced $1,000 - $1,500 represent the bulk of Independence, Missouri rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.35%.
Independence, Missouri Housing tenure**
Renters take up 40% of Independence, Missouri real estate, occupying a total of 20,267 units, while homeowners live in 30,984 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$39,223
Average household size of renter-occupied housing units**
2.29
Rental vacancy rate**
3.9%
Independence, Missouri Renter-occupied housing units by no. of bedrooms**
There are 8,383 rentals in Independence, Missouri with 2 beds making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 296 units. Overall, the median number of rooms in Independence, Missouri homes for rent is 4.4.
Independence, Missouri Renter-occupied units by age of householder**
Most condos for rent in Independence, Missouri are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.
Independence, Missouri Renter-occupied housing units by family type**
Independence, Missouri Renter-occupied housing units by the presence of own children**
A total of 9,794 apartments for rent in Independence, Missouri, or 48% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 5,673 units. All in all, the median size of a renter-occupied household in Independence, Missouri is 2.29.
Independence, Missouri Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 14% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Independence, Missouri.
Independence, Missouri Renter-occupied units by year structure built**
The highest share of Independence, Missouri apartment rentals, namely 25% or 5,068 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (15%, 3,138 units), and the ones Built 1950 - 1959 (12%, 2,486 units).
Independence, Missouri Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Independence, Missouri renters (51%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Independence, Missouri condos for rent is 2016.
Independence, Missouri Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Independence, Missouri renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 13% have No vehicle available.
Independence, Missouri Means of transportation to work of householders living in renter-occupied housing units**
Independence, Missouri Geographical mobility in the past year for householders living in renter-occupied housing units**
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, Missouri 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.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
