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Rental Market Trends in Independence, KY

Updated July 2026

The average rent in Independence, KY is $1,059/month.

Rent in Independence is 36% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$1,059/month

Average Rent

759 Sq Ft

Average Size

+2.5%

Change / Year

90

Available Apartments

Independence rent varies by unit size and layout:

  • Studio apartments in Independence average $915 per month.
  • One-bedroom apartments in Independence average $1,059 per month.
  • Two-bedroom apartments in Independence average $1,375 per month.
  • Three-bedroom apartments in Independence average $1,673 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$915/month
478 Sq Ft
One Bedroom
$1,059/month
759 Sq Ft
Two Bedroom
$1,375/month
1,029 Sq Ft
Three Bedroom
$1,673/month
1,371 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$2,361/month
1,644 Sq Ft
View Independence Apartments

How much has average rent changed in Independence, KY?

In the past year, rent has increased by 2.5%, which averages out to $27 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Independence, KY

July 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Independence, KY
Percentage*
Rent Range
12% Below $700/month
0% $700 - $1,000/month
62% $1,001 - $1,500/month
12% $1,501 - $2,000/month
12% Above $2,000/month

What salary do I need to live comfortably in Independence, KY?

Because the average rent in Independence is $1,059, you’ll want to make about $3,530 per month or $42,360 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Independence, KY

90 Available Apartments for Rent

Search for Nearby Apartments

How does Independence, KY compare to other nearby cities and neighborhoods?

Use the tool below to compare Independence, KY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Independence Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Latonia

    Latonia

  • Taylor Mill

    Taylor Mill

  • Erlanger

    Erlanger

  • Covington

    Covington

Apartment Communities in Independence We Think You'll Love

The Villages of Independence

The Villages of Independence

10702 Brentridge Cir,
Independence, KY 41051

2-3 Beds | $2,214 - $2,283

Independence Oaks

Independence Oaks

2050 Boxer Ln,
Independence, KY 41051

2-3 Beds | $1,140 - $1,715

Fairway Park

Fairway Park

3941 Richardson Rd,
Independence, KY 41051

2 Beds | $1,275 - $1,600

Indian River Apartments

Indian River Apartments

6517 Indian River Rd,
Independence, KY 41051

Studio - 2 Beds | $800 - $1,525

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Frequently Asked Questions

What is the average rent in Independence?

The average rent in Independence is $1,059 per month, which is 36.3% lower than the national average of $1,663.

What is the average rent for a house in Independence?

The average rent for a house in Independence, KY is $2,361 per month.

Are rents going up or down in Independence?

Rents in Independence, KY are increasing, with prices up 2.5% year-over-year and $27 more per month.

What rent range is most common in Independence?

In Independence, KY, 62% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Kentucky Independence Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity