Independence, Oregon 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, Oregon rental market.
Independence, Oregon
Average Apartment Rent
$1,703
Y-o-Y Change in Average
Apartment Rent
-0.6%
As of May 2026
Compared to a year ago, Independence, Oregon apartments have recorded a -0.6% rent decrease.
Independence, Oregon Average apartment rent trend
Independence, Oregon Average Apartment Rent
Independence, Oregon Apartment rent ranges
At 62.09%, apartments priced $1,500 - $2,000 represent the bulk of Independence, Oregon rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 11.91%.
Independence, Oregon Housing tenure**
Renters take up 41% of Independence, Oregon real estate, occupying a total of 1,224 units, while homeowners live in 1,784 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$62,100
Average household size of renter-occupied housing units**
3.12
Rental vacancy rate**
3.5%
Independence, Oregon Renter-occupied housing units by no. of bedrooms**
There are 530 rentals in Independence, Oregon with 2 beds making up the highest share of the market, at 43%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 10 units. Overall, the median number of rooms in Independence, Oregon homes for rent is 4.5.
Independence, Oregon Renter-occupied units by age of householder**
Most condos for rent in Independence, Oregon are occupied by residents in the 15 - 24 years age group (27%), followed by those in the 25 - 34 years age group (26%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Independence, Oregon Renter-occupied housing units by family type**
Independence, Oregon Renter-occupied housing units by the presence of own children**
A total of 709 apartments for rent in Independence, Oregon, or 58% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 438 units. All in all, the median size of a renter-occupied household in Independence, Oregon is 3.12.
Independence, Oregon Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Independence, Oregon.
Independence, Oregon Renter-occupied units by year structure built**
The highest share of Independence, Oregon apartment rentals, namely 22% or 266 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (22%, 264 units), and the ones Built 1970 - 1979 (19%, 230 units).
Independence, Oregon Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Independence, Oregon renters (47%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Independence, Oregon condos for rent is 2018.
Independence, Oregon Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of Independence, Oregon renters have 2 vehicles available per household, 31% of them have 1 vehicle available, and 16% have 3 vehicles available.
Independence, Oregon Means of transportation to work of householders living in renter-occupied housing units**
Independence, Oregon 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, Oregon 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
