Average Rent in Jerome County, ID↓ Rents falling 23.4% YoY🔻 Cheapest in ID
HUD FY2020 · Official government data · Updated annually · Metro pop. 24,788
Market Overview
Jerome County, ID has rental prices ranging from $513/month to $1,264/month in 2020, depending on unit size. The typical 1-bedroom apartment rents for $603/month — 57% below the national average of $1,400/month. With a median household income of $69,338/year, spending $603/month on a 1-bedroom represents 10% of gross income — within the recommended 30% threshold.
How Jerome County Compares
With an average 2-bedroom rent of $787/month, Jerome County ranks #43 most expensive of the 43 cities tracked in Idaho — more affordable than 97% of all US cities in our data.
The Jerome County Rental Market
The Jerome County, ID area has a population of about 24,788 and 25% 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 Jerome County, ID have fallen by $241/month (23.4%) over the past year, from $1,028 to $787. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.
Affordability
To afford a 1-bedroom apartment in Jerome County, ID without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $24,120. The local median household income of $69,338 exceeds that threshold by $45,218, making Jerome County relatively accessible compared to local wages.
Economy & Jobs
Jerome County, ID has an unemployment rate of 3.1%, 0.8 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.
Fair Market Rents
HUD FY2020Is Jerome County, ID Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in IDlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Boise City | $1,300 | $1,534 | $1,838 | $2,575 | — |
| Coeur d'Alene | $1,001 | $1,226 | $1,460 | $2,046 | — |
| Idaho Falls | $1,035 | $1,087 | $1,311 | $1,837 | — |
| Logan | $914 | $920 | $1,169 | $1,638 | — |
| Twin Falls County | $522 | $608 | $801 | $1,102 | — |
| Twin Falls County | $881 | $979 | $1,285 | $1,801 | — |
Rent or Buy in Jerome County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Jerome County data
Renting appears to be the better financial choice for this scenario.
Living in Jerome County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Jerome CountySalary needed to afford rent here
🗺️All Cities in IDSee how Jerome County ranks statewide
⚖️Compare Jerome CountySide-by-side rent & cost of living with any city
📋ID Tenant RightsDeposit limits, eviction laws & renters protections