GITNUX MARKETDATA REPORT 2024

Statistics About The Average Rent In Boise Idaho

The average rent in Boise, Idaho is $1,272 per month.

In this post, we will explore the current landscape of average rent prices in Boise, Idaho, using a variety of statistics to paint a clear picture of the city’s rental market. From significant rent increases outpacing national trends to specific figures on rent prices for different types of housing units and neighborhoods, Boise’s housing costs have been on a steady rise in recent years. Let’s delve into the numbers to understand the implications for renters and the overall housing market in Boise.

Statistic 1

"Boise's rent increases have been outpacing the national trend, marking a significant rise in housing costs."

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Statistic 2

"Boise, Idaho has seen an 8% increase in average rent prices over the past year."

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Statistic 3

"The median rent price in Boise is approximately $1,200 per month."

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Statistic 4

"Average rent prices in Boise have doubled since 2015."

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Statistic 5

"Boise's rent growth is among the highest in the nation, ranking in the top 10 cities with the fastest-growing rents."

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Statistic 6

"The average rent for a three-bedroom apartment in Boise, Idaho, is about $1,700 per month."

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Statistic 7

"Landlords in Boise are increasingly rising rent due to low vacancy rates and high demand."

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Statistic 8

"Renters in Boise, Idaho, spend approximately 30% of their income on rent."

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Statistic 9

"Rent in downtown Boise is approximately 15% higher than in other parts of the city."

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Statistic 10

"The average rent for a studio apartment in Boise, Idaho, is about $900 per month."

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Statistic 11

"Rent for single-family homes in Boise, Idaho averages about $1,800 per month."

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Statistic 12

"The vacancy rate for apartments in Boise, Idaho is around 2.5%."

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Statistic 13

"Rental prices in Boise, Idaho, are 20% higher than the national average."

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Statistic 14

"The average rent for a one-bedroom apartment in Boise, Idaho, is approximately $1,100 per month."

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Statistic 15

"Boise has become one of the fastest-growing metro areas for rent increases."

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Statistic 16

"The average rent for a two-bedroom apartment in Boise, Idaho, is around $1,300 per month."

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Statistic 17

"Boise renters saw the fifth-largest rent increases nationwide in recent years."

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Statistic 18

"The average rent for an apartment in Boise, Idaho, varies from $900 to $1,500, depending on the neighborhood."

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Statistic 19

"In 2020, Boise saw a rent increase of nearly 10%."

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Statistic 20

"The average rent for housing in Boise has been growing at an annual rate of about 7%."

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In conclusion, the statistics reveal a stark reality of the rapidly increasing cost of rent in Boise, Idaho. With rent prices doubling since 2015 and currently surpassing the national average by 20%, Boise has established itself as one of the nation’s fastest-growing markets for housing costs. The 8% increase in average rent prices over the past year, coupled with a high demand for rentals and low vacancy rates, paints a challenging picture for renters in the city. Residents are spending a significant portion of their income on rent, with downtown areas commanding premiums up to 15% higher than other parts of Boise. The data underscores the pressing need for policymakers and stakeholders to address the affordability crisis in Boise’s rental market to ensure housing remains accessible for all residents.

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