Independence, MO Rental Market
Independence is the most populous suburb of Kansas City and a key bedroom community for the metro's eastern employment corridors. Home to the Truman Medical Center system and a large retail and distribution workforce, Independence offers more affordable rents and home prices than Kansas City proper while maintaining easy highway access to the city center. Growing with Kansas City's overall metro expansion.
Get a rent estimate for an address in IndependenceAverage Rent in Independence, MO
$1,120
per month · 2026-06
Market Score
Key Facts — Independence, MO Rental Market
- Average rent in Independence, MO:$1,120/mo
- Median rent:$1,030/mo
- Rent range:$550 – $2,450/mo
- Most common rental (2 bedrooms):$975/mo
- Active listings:420
- Avg days to lease:32 days
- Year-over-year change:+3.0%
- Median home value:$190,000
- Est. gross annual yield:7.1%
- Data as of:2026-06
Rent by Bedroom in Independence, MO
Average monthly rent for each bedroom type based on current active listings in Independence.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $800/mo |
2 Bedrooms | $975/mo |
3 Bedrooms | $1,250/mo |
4 Bedrooms | $1,550/mo |
5 Bedrooms | $1,775/mo |
Independence Rental Market Statistics
Key indicators from the current Independence, MO rental market.
420
Available now in Independence
32
From list to lease
$0.88
Average across listings
1,268 sq ft
Typical rental size
$550 – $2,450
Min to max active listings
+3.0%
Avg rent vs. prior year
Investing in Independence, MO Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$190,000
Typical purchase price in Independence
Est. Gross Annual Yield
7.1%
Before expenses & vacancy
Avg Monthly Income
$1,120
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Independence for a full cash-flow breakdown including all costs.
Independence, MO Rental Market FAQ
Common questions about renting and investing in Independence, MO.
What is the average rent in Independence, MO?
The average rent in Independence, MO is $1,120 per month as of 2026. Two-bedroom units average $975/mo and three-bedroom homes average $1,250/mo. Independence offers rents modestly below Kansas City proper while providing similar metro access.
Is Independence, MO a good place to invest in rental property?
Independence offers a 7.1% estimated gross annual yield with accessible home values (~$190,000). The city benefits from Kansas City's overall economic growth and employment expansion, with tenants who prefer more space and lower costs than KC proper. Strong for value-focused investors in the KC metro.
How competitive is the Independence, MO rental market?
Independence averages 32 days on market with approximately 420 active listings. The market is moderately competitive, with single-family homes near major KC employment corridors and the I-70/I-470 interchange leasing faster than average. Kansas City metro growth provides a steady baseline of tenant demand.
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