Homes & Apartments for Rent in Independence, KY

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What to Know About

Life in Independence & Beyond

Independence shares many of the great qualities that make Kentucky a desirable place to live.

Kentucky, known as the "Bluegrass State" and located in the Appalachian foothills, is famous for its horse racing industry, but there's so much more to explore. Immerse yourself in Kentucky's cultural legacy with visits to the Kentucky Derby Museum and the Muhammad Ali Center, or further your education at universities like the University of Kentucky and the University of Louisville. Growing agriculture, manufacturing, and healthcare industries support Kentucky's economy, providing residents with a wide range of job opportunities.

Kentucky has a rich and diverse landscape, ranging from rolling hills to bustling cities, offering something for everyone. Take in the scenic views of the Appalachians, hit the links for a round of golf, or even attend exciting college sports games at renowned local universities. In addition, immerse yourself in famous attractions like Churchill Downs, the Kentucky Horse Park, Mammoth Cave National Park, the Kentucky Bourbon Trail, and the historic city of Lexington.

Kentucky offers a high quality of life, a strong economy, and a beautiful natural environment, making it a great place to live. The state's friendly and welcoming atmosphere will make you feel at home, and its unique blend of urban and rural living creates a unique sense of balance.

Rental Market Trends

Independence, KY

As of June 2026, Independence's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Independence's average rent is 38.9% ($468) higher than the Kentucky average of $1,203 and 7.0% ($126) lower than the U.S. average of $1,797.

Average Rent
$1,671
Monthly ChangeMonth Over Month Change
Increased15.7% ($227)
Yearly ChangeYear Over Year Change
Increased15.7% ($227)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,346 Increased17.9% ($204) Increased17.9% ($204)
2 Beds $1,627 Increased13.6% ($195) Increased13.6% ($195)
3 Beds $2,017 Increased22.3% ($368) Increased22.3% ($368)
Nearby Cities Average Rent Avg. Rent vs. IndependenceAverage Rent vs. Independence Avg. Days on MarketAverage Days on Market
Walton $946 Decreased43.4% ($725) 33 days
Latonia $1,561 Decreased6.6% ($110) 30 days
Florence $1,389 Decreased16.9% ($282) 35 days
Ft Mitchell $1,457 Decreased12.8% ($214) 31 days
Erlanger $1,427 Decreased14.6% ($244) 33 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Independence Rental Market FAQs

Explore rental prices, market trends, and availability in Independence, KY.

The average rent in Independence, KY is $1,671 per month.
Homes in Independence typically rent for between $942 and $2,622 per month, with an average of $1,671 per month.
In Independence, the average rent for a 1-bedroom home is $1,346 per month, for a 2-bedroom home, $1,627 per month, and a 3-bedroom home is $2,017 per month.
The average rent in Independence is 7% ($126) lower than the national average of $1,797 per month.
The average rent in Independence has increased by 15.7% ($227) in the last month and increased by 15.7% ($227) over the past year.
The rental market in Independence, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Independence, KY, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 2 rental properties available in Independence, KY.
Based on the current averages, a household would need an annual income of $65,080 to comfortably afford a 2-bedroom home in Independence.
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