Meridian, ID Rental Market
Meridian is Boise's premier master-planned suburb and the fastest-growing city in Idaho, characterized by large-scale residential communities, excellent schools in the West Ada School District, and major retail development at The Village at Meridian. Its position immediately west of Boise provides seamless access to Ada County's tech and healthcare employment base, while its newer housing stock and family-oriented infrastructure attract the highest-quality tenant profile in the Treasure Valley.
Get a rent estimate for an address in MeridianAverage Rent in Meridian, ID
$1,550
per month · 2026-06
Market Score
Key Facts — Meridian, ID Rental Market
- Average rent in Meridian, ID:$1,550/mo
- Median rent:$1,426/mo
- Rent range:$775 – $3,400/mo
- Most common rental (2 bedrooms):$1,375/mo
- Active listings:920
- Avg days to lease:28 days
- Year-over-year change:+3.5%
- Median home value:$450,000
- Est. gross annual yield:4.1%
- Data as of:2026-06
Rent by Bedroom in Meridian, ID
Average monthly rent for each bedroom type based on current active listings in Meridian.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,125/mo |
2 Bedrooms | $1,375/mo |
3 Bedrooms | $1,725/mo |
4 Bedrooms | $2,150/mo |
5 Bedrooms | $2,450/mo |
Meridian Rental Market Statistics
Key indicators from the current Meridian, ID rental market.
920
Available now in Meridian
28
From list to lease
$1.15
Average across listings
1,350 sq ft
Typical rental size
$775 – $3,400
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Meridian, ID Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$450,000
Typical purchase price in Meridian
Est. Gross Annual Yield
4.1%
Before expenses & vacancy
Avg Monthly Income
$1,550
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 Meridian for a full cash-flow breakdown including all costs.
Meridian, ID Rental Market FAQ
Common questions about renting and investing in Meridian, ID.
What is the average rent in Meridian, ID?
The average rent in Meridian, ID is $1,550 per month as of 2026 — the highest in our Idaho coverage. One-bedroom apartments average $1,125/mo, two-bedrooms average $1,375/mo, and three-bedroom homes average $1,725/mo. The Paramount, Tuscany, and Brighton neighborhoods in north and south Meridian command the highest rents, particularly for newer construction single-family homes in the West Ada School District.
Is Meridian, ID a good place to invest in rental property?
Meridian offers a 4.1% estimated gross yield with 3.5% year-over-year rent growth. The West Ada School District — consistently ranked among Idaho's best — drives strong family rental demand that supports premium rents and long lease terms. While acquisition costs are higher than other Treasure Valley markets, tenant quality is exceptional and vacancy rates are among the lowest in the metro.
How competitive is the Meridian, ID rental market?
Meridian averages 28 days on market with approximately 920 active listings — among the fastest in the Treasure Valley. Three-bedroom single-family homes in master-planned communities with West Ada School District enrollment routinely receive multiple applications. The Village at Meridian retail and entertainment corridor attracts retail workers and young families who compete for the limited supply of quality rentals in this rapidly growing city.
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