Average Rent in Idaho Falls, ID↓ Rents falling 2.4% YoY

Idaho Falls, ID has rental prices ranging from $1,013/month to $2,129/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,064/month — 24% below the national average of $1,400/month. With a median household income of $77,300/year, spending $1,064/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Idaho Falls Compares

With an average 2-bedroom rent of $1,274/month, Idaho Falls ranks #8 most expensive of the 43 cities tracked in Idaho — pricier than 80% of all US cities in our data.

The Idaho Falls Rental Market

The Idaho Falls, ID area has a population of about 161,944 and 26% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Idaho Falls, ID have fallen by $31/month (2.4%) over the past year, from $1,305 to $1,274. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Idaho Falls, ID without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $42,560. The local median household income of $77,300 exceeds that threshold by $34,740, making Idaho Falls relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Idaho Falls, ID is $394,199, giving a price-to-rent ratio of 25.8. With a break-even horizon of approximately 26 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Idaho Falls, ID Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Idaho Falls?

Break-even analysis and mortgage estimates based on local market data.

Living in Idaho Falls

Cost of living, job market, crime rates, and moving cost estimates.