28 Studio Apartments for rent in Independence, MO

Last updated September 26 at 1:03PM
1810 S Norwood Ave
Procter
Independence, MO
Updated September 26 at 1:37AM
Studio
$725
Results within 5 miles of Independence, MO
571 Campbell St
Columbus Park
Kansas City, MO
Updated September 26 at 1:39AM
Studio
$895
Results within 10 miles of Independence, MO
The Roanoke Apartments
1015 W 41st Pl
Kansas City, MO
Updated September 25 at 4:55PM
Studio
$585
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Rent Report
Independence

September 2017 Independence Rent Report

Welcome to the September 2017 Independence Rent Report. Independence rents declined over the past month. In this report, we'll evaluate trends in the Independence rental market, including comparisons to similar cities nationwide.

Independence rents declined over the past month

Independence rents have declined 0.6% over the past month, but have increased slightly by 1.3% in comparison to the same time last year. Currently, median rents in Independence stand at $720 for a one-bedroom apartment and $880 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in June. Independence's year-over-year rent growth lags the state average of 1.8%, as well as the national average of 3.0%.

Independence rents more affordable than many large cities nationwide

Rent growth in Independence has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Independence is still more affordable than most large cities across the country.

  • Independence's median two-bedroom rent of $880 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.3% increase in Independence.
  • While rents in Independence remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Independence than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is nearly three-and-a-half times the price in Independence.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.