Discover Idaho’s cheapest and most affordable rental locations

Rent Affordability in Idaho: A Quick Guide to the State’s Rental Market

The rental market is a problem for so many, especially in the Treasure Valley, where new apartment complexes are popping up regularly as the state experiences rapid population growth and increasing demand for housing.

Rental Market Trends in Idaho

To determine whether rent in Idaho is affordable for you, the “30% rule” is a good guideline. This means you shouldn’t spend more than 30% of your income on rent. For example, if your monthly income is $4,000, you should try to budget $1,200 or less for housing. In theory it could work, but local market conditions will influence what is actually affordable.

Tips for Finding Affordable Rental in Idaho

1. Explore suburban and rural areas: This might be easier for people who are not tied to the atmosphere of the city.
2. Use local networks: Ask friends, colleagues or community groups in Idaho for tips on rental properties.
3. Adjust your rental time: Idaho’s rental market slows during the winter months, so landlords may be willing to negotiate rates or terms.

Definition of affordable housing in Idaho

Affordable housing typically costs less than 30% of household income. The definition may vary depending on your location. Where is Idaho’s cheapest place to rent? In Blackfoot 83221, rent averages 19.95% of local income, which is 10.05% less than what is considered “affordable housing.” On the other hand, Kootenai 83864 is the cheapest, with renters spending 40.43% of their income on housing.

Even though rent prices in Idaho are rising, they say Cashnetusa.comIdaho remains more affordable than many other states.