Median rents, rental comps, and market trends across 10 zip codes in Boise, ID.
Californians and Pacific Northwest transplants drove rents up fast, then the market cooled and everyone wrote it off. The population growth that caused the run-up didn't actually reverse though — demand is still real and Idaho is very landlord-friendly.
Median Asking Rent
$1,719
Rent Change (YoY)
-6.1%
Avg Days on Market
48
Active Rental Listings
786
Median List Price
$529,950
Average across 10 zip codes
ZIP | Median Rent |
|---|---|
| 83716 | $2,495/mo |
| 83709 | $2,100/mo |
| 83714 | $2,095/mo |
| 83703 | $1,650/mo |
| 83713 | $1,625/mo |
| 83712 | $1,596/mo |
| 83706 | $1,595/mo |
| 83702 | $1,525/mo |
| 83704 | $1,450/mo |
| 83705 | $1,450/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $1,183/mo |
| 1 Bedroom | $1,285/mo |
| 2 Bedroom | $1,523/mo |
| 3 Bedroom | $2,195/mo |
| 4 Bedroom | $2,508/mo |
Aggregated median across all Boise zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 83712 | $875,000 |
| 83714 | $709,900 |
| 83702 | $699,900 |
| 83703 | $579,000 |
| 83716 | $550,000 |
| 83706 | $509,900 |
| 83709 | $499,000 |
| 83705 | $469,900 |
| 83713 | $459,990 |
| 83704 | $429,900 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $1,170/mo |
| 1 Bedroom | $1,390/mo |
| 2 Bedroom | $1,660/mo |
| 3 Bedroom | $2,320/mo |
| 4 Bedroom | $2,780/mo |
Fair Market Rents are published annually by HUD for the Boise metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Boise, ID is currently $1,719/month, based on active rental listings across 10 zip codes. Median asking rents have decreased by -6.1% over the past 12 months.
Asking rents vary significantly across the city. ZIP 83716 has the highest median asking rent at $2,495/month, while ZIP 83704 comes in at $1,450/month.
Rental listings in the area spend an average of 48 days on market before being leased, suggesting a more tenant-friendly market.
The HUD Fair Market Rent for a 2-bedroom in the Boise metro area is $1,660/month. Current median asking rents are above the FMR, which is common in growing markets.
Boise had one of the most dramatic rent increases of any US city during 2020-2022. Remote workers from California, Oregon, and Washington moved in and drove prices up fast. The market has normalized since then, but Boise is fundamentally different than it was five years ago — it's no longer a cheap hidden gem. The North End and Downtown are premium. West Boise, Meridian, and Nampa are more affordable. Idaho is very landlord-friendly with minimal regulation. The risk here is that Boise's economy isn't as diversified as larger metros — it's heavily dependent on continued migration. If the inflow slows, the market could soften more than places with deeper employment bases. That said, people who've moved here generally stay, so the demand floor is higher than it used to be.
Want to look up rental comps and rent estimates for a specific property in Boise? PropMetrics lets you search any address and get detailed rental data instantly.
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What rental comps are, what makes a good one, and how to use them to price your rental property accurately.
Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
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