2

Independence, OR Townhomes for Rent

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  • /21

    $1,150 Per Month

    • 1 Bed
    • 1 Bath
    • Townhouse for Rent

    664 Monmouth St, Independence, OR 97351

    1bed/1bath unit now available for rent! Unit features updated floors, updated appliances and garage space! Large fenced backyard. No laundry onsite. Unit located behind attached garage.Year lease. Water/Sewer included! Tenants are responsible for electricity and garbage.Pets are ok with additional rent and deposits listed below.Pet Rent: $25 a month per petPet Deposit: $500 for

    664 Monmouth St, Independence, OR 97351
  • /18

    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • Townhouse for Rent

    662 Monmouth St, Independence, OR 97351

    Spacious 1bed/1bath unit now available for rent! This unit features large bedroom with built in closet space, updated floors, updated appliances, fenced yard, no laundry onsite. Unit located behind garages, to the left, behind main house.Year lease. Water/Sewer included! Tenants are responsible for electricity and garbage.Pets are ok with additional rent and deposits listed below.Pet

    662 Monmouth St, Independence, OR 97351

Frequently Asked Questions

How much does it cost to rent a townhouse in Independence, OR?
The median rent for a townhouse in Independence, OR is $1,225 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while single-family homes and condos are currently more expensive.
How much do you need to make to afford rent in Independence, OR?
To comfortably afford the median rent in Independence, OR, a household needs to earn roughly $84,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,100 per month in Independence, OR, renters typically need to show $6,300 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Independence, OR?
In Independence, OR, the price-to-rent ratio is 16.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Townhouses for Rent
2
Median Townhouse Rent
$1,225
How to Rent a Home