Boise Rents Climb 7.5 Percent as Demand Outpaces Supply

Average rent in Boise, Idaho rose 7.5 percent over the past year, four times the national increase.

Updated on Nov. 10, 2026 in Apartments

Bold vector editorial illustration of stacked townhome-style residential blocks rising in tiers toward distant foothills, one block glowing warmly, evoking rising housing costs. — Average rent in Boise, Idaho rose 7.5 percent over the past year, four times the national increase, as apartment demand has outpaced supply for nearly two years. AI Illustration. Upload story photo >

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Boise's average rent rose 7.5 percent in the past year, with the average monthly rent now at $1,578 and the average rental measuring 670 square feet. Apartment demand in the city has outpaced supply for nearly two years.

Why it matters

Elevated mortgage rates have pushed home shoppers toward renting, intensifying demand in Boise. Micron Technology's $50 billion semiconductor expansion in the Boise area has the potential to support thousands of jobs over time, which could add further pressure on the local rental market.

Boise's average rent of $1,578 is about $100 below the national average, while a studio averages $1,386 and a three-bedroom averages $1,919 per month. Idaho's 5.4 percent statewide rent increase was the largest of any state, though the source does not give a timeframe for those figures.

The players

Micron Technology

Micron Technology is a major American semiconductor manufacturer whose memory chip production is driving industrial growth in the Boise area.

The details

Apartments.com analyzed nationwide data to determine rent increases by market, finding Boise's jump was four times the national average. Demand for apartments in Boise has outpaced supply for nearly two years, while national rental demand jumped 19 percent in September.

Apartment demand has exceeded supply in Boise for nearly two years.
Boise's average rent rose 7.5 percent over the past year.
National rental demand jumped 19 percent in September.

Housing Landscape

Apartments.com's market-by-market analysis shows Boise's 7.5 percent rent increase running four times the national pace, placing the city among the fastest-rising rental markets in the country. The gap between Boise and the national average reflects a rental market where housing supply has lagged demand for nearly two years.

Renters in Boise face a market where average monthly costs continue climbing and apartment supply has struggled to keep pace with demand. Residents weighing a move may find limited options at lower price points, particularly for studios and larger units.

The takeaway

Renters in Boise should expect continued pressure on monthly costs while demand remains ahead of supply. Comparing listings across neighborhoods and unit sizes can help identify the most affordable options.