Boise, ID Rental Market
Boise was the fastest-growing metropolitan area in the United States from 2018 to 2022, driven by a wave of California, Washington, and Bay Area migrants drawn by Idaho's no state income tax, outdoor lifestyle, and dramatically lower cost of living. Hewlett-Packard's founding in Boise and Micron Technology's major semiconductor operations established a durable tech manufacturing base, and a growing software and startup ecosystem has added white-collar employment depth that continues to attract high-income professionals from more expensive coastal markets.
Get a rent estimate for an address in BoiseAverage Rent in Boise, ID
$1,480
per month · 2026-06
Market Score
Key Facts — Boise, ID Rental Market
- Average rent in Boise, ID:$1,480/mo
- Median rent:$1,362/mo
- Rent range:$750 – $3,250/mo
- Most common rental (2 bedrooms):$1,300/mo
- Active listings:1,600
- Avg days to lease:29 days
- Year-over-year change:+3.0%
- Median home value:$410,000
- Est. gross annual yield:4.3%
- Data as of:2026-06
Rent by Bedroom in Boise, ID
Average monthly rent for each bedroom type based on current active listings in Boise.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,075/mo |
2 Bedrooms | $1,300/mo |
3 Bedrooms | $1,650/mo |
4 Bedrooms | $2,050/mo |
5 Bedrooms | $2,350/mo |
Boise Rental Market Statistics
Key indicators from the current Boise, ID rental market.
1,600
Available now in Boise
29
From list to lease
$1.14
Average across listings
1,300 sq ft
Typical rental size
$750 – $3,250
Min to max active listings
+3.0%
Avg rent vs. prior year
Investing in Boise, ID Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$410,000
Typical purchase price in Boise
Est. Gross Annual Yield
4.3%
Before expenses & vacancy
Avg Monthly Income
$1,480
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Boise for a full cash-flow breakdown including all costs.
Boise, ID Rental Market FAQ
Common questions about renting and investing in Boise, ID.
What is the average rent in Boise, ID?
The average rent in Boise, ID is $1,480 per month as of 2026. One-bedroom apartments average $1,075/mo, two-bedrooms average $1,300/mo, and three-bedroom homes average $1,650/mo. The North End, Hyde Park, and Downtown Boise command the highest rents, while the east Boise and southeast neighborhoods offer more affordable family-oriented options.
Is Boise, ID a good place to invest in rental property?
Boise offers a 4.3% estimated gross yield — somewhat compressed after the 2018–2022 price surge — but is backed by Idaho's no state income tax advantage and a maturing tech economy anchored by Micron Technology, HP Inc., and a growing startup scene. Steady 3.0% year-over-year rent growth reflects a market that has stabilized after rapid appreciation, offering more predictable returns than during the peak migration years.
How competitive is the Boise, ID rental market?
Boise has approximately 1,600 active listings and averages 29 days on market — a balanced market after several years of extreme tightness. The North End, Bench, and Hyde Park neighborhoods remain the most competitive, leasing within days. The migration wave from California and Washington has moderated from its peak, creating a more rational market where well-priced, well-maintained properties still lease quickly but no longer receive dozens of applications.
Ready to Analyze a Property in Boise?
Get an instant rent estimate, cash-flow projection, and comparable rentals for any address in Boise, ID.
Analyze Now — It's Free