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City Report · OR

Independence

Pop. 10,199·16th most expensive in Oregon·Independence rents are up 14.6% over the past year
Median rent (all units)
$1,945/mo
Year-over-Year
+14.6%
Month-over-Month
+7.4%
vs US Median
-$17
Rising (Monthly)
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Most AffordableMost Expensive
Independence · $1,945
More expensive than 55% of US cities · National median $1,962/mo
Affordability
27% of income
AFFORDABLE
0%30% benchmark60%+

At $1,945/mo, rent takes about 27% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$78,000/yr
Local median income
$85,375/yr
Based on the 30%-of-income rule using Independence's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,310
1 BR
$1,370
2 BR
$1,760
3 BR
$2,450
4 BR+
$2,660
Fair Market Rent (HUD)
$1,760/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,945 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$23,340/yr
At $1,945/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 14.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+14.6% YoY, +7.4% MoM), not inventory.
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Demographics

Who lives here

Independence, OR is roughly split between renters and owners, skews toward younger working-age adults, 27% of residents hold a bachelor's degree or higher.

Population
10,199
Median income
$85,375
Median age
30.7
Renters
45.4%
Age distribution
22.6%
33.7%
24.1%
Under 1822.6%
18–3433.7%
35–5424.1%
55–648.8%
65+10.8%
Gender
50.9%
49.1%
Male50.9%
Female49.1%
Race & ethnicity
62.2%
38.5%
White62.2%
Black0.6%
Hispanic38.5%
Asian1.1%
Education (25+)
13.5%
24.6%
34.8%
27%
No HS diploma13.5%
HS diploma24.6%
Some college34.8%
Bachelor's+27%
Housing tenure
54.6%
45.4%
Owner54.6%
Renter45.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Independence, OR has changed in 5 years

Income
$65,019 → $85,375
up 31.3%
Population
9,850 → 10,199
up 3.5%
Renter share
41.1% → 45.4%
+4.3 pts
Bachelor's+
18.1% → 27%
+8.9 pts
Median age
29.5 → 30.7
+1.2 yrs

Local incomes tracked alongside that move, going from a median of $65,019 in 2021 to $85,375 more recently. Census counts show Independence, OR adding about 349 residents over the five-year window, up 3.5% on net. The renter share has risen from 41.1% to 45.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 18.1% to 27% across the same window.

Community

Discussions about Independence

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View Independence rent history (2015–2026) →
Salary vs rent

Can you afford rent in Independence on your salary?

At $1,945/mo, how Independence rent compares to typical pay (30% rule).

By apartment size

Independence rent by bedroom count

Median rent for each apartment size in Independence. Click any size for full breakdown.

Local insights

Tips for renters in Independence

About renting in Independence, OR

Last updated: August 17, 2026

The median rent in Independence is $1,945/mo as of August 2026. A studio apartment averages $1,310/mo while a 2-bedroom runs $1,760/mo. One-bedroom apartments average $1,370/mo and 3-bedroom units go for $2,450/mo.

At 27% of local median household income ($85,375/yr), Independence ranks as affordable compared to the national benchmark of 30%. Rents have increased 14.6% over the past year.

FAQ

Frequently asked questions

Is Independence an affordable city for renters?

Independence is considered affordable for renters. At $1,945/mo, rent takes approximately 27% of the local median household income ($85,375/yr). The standard benchmark is 30%. Independence falls comfortably within that range.

How much income do you need to rent in Independence?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (~$38/hour full-time) to afford the median rent of $1,945/mo in Independence. The local median household income is $85,375/yr, meaning the typical Independence household meets that threshold.

Is rent going up or down in Independence?

Rent in Independence has increased 14.6% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Independence rent compare to other cities in Oregon?

Independence is one of the pricier cities in Oregon for rent, ranking #16 out of 64 tracked cities at $1,945/mo.

Which nearby cities are cheaper to rent in than Independence?

Several nearby cities have lower median rents than Independence ($1,945/mo): Monmouth ($1,473/mo), Keizer ($1,563/mo), Dallas ($1,569/mo).

What percentage of Independence residents rent vs. own?

According to Census data, approximately 45.4% of Independence households are renters, while 54.6% are owner-occupied. Independence leans toward homeownership, which can mean a smaller rental inventory.

How does Independence rent compare to the national average?

Independence's median rent of $1,945/mo is $17 (1%) below the US national median of $1,962/mo. Within Oregon, it ranks #16 out of 64 tracked cities.
Income Affordability
27%
AFFORDABLE

At $1,945/mo, rent takes ~27% of Independence's median household income ($85,375/yr). The standard benchmark is 30%.

Independence 27%Benchmark 30%
State income tax4.75–9.9%
Run the Independence affordability calculator →
Lowest-rent ZIP codes in Independence
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Independence, OR

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