RentData

Average Rent in Lemhi County, ID Rents rising 0.5% YoY🔻 4th cheapest in ID

HUD FY2025 · Official government data · Updated annually · Metro pop. 8,166

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Lemhi County, ID has rental prices ranging from $719/month to $1,567/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $820/month — 41% below the national average of $1,400/month. With a median household income of $52,057/year, spending $820/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Lemhi County Compares

With an average 2-bedroom rent of $933/month, Lemhi County ranks #40 most expensive of the 43 cities tracked in Idaho — more affordable than 60% of all US cities in our data.

The Lemhi County Rental Market

The Lemhi County, ID area has a population of about 8,166 and 19% 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 Lemhi County, ID have risen by $5/month (0.5%) over the past year, from $928 to $933. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Lemhi County, ID without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $32,800. The local median household income of $52,057 exceeds that threshold by $19,257, making Lemhi County relatively accessible compared to local wages.

Economy & Jobs

Lemhi 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 FY2025
Studio
$719
Affordable
1 Bedroom
$820
Affordable
2 Bedrooms
$933
0.5% YoY
Affordable
3 Bedrooms
$1,256
Affordable
4 Bedrooms
$1,567
Average
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Is Lemhi County, ID Affordable?

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

Affordability Index(30% income rule)

To rent a 2BR
$37,320/year
Local median income: $52,057
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $933/month and 20% down on a home at 7% rate.

Nearby Cities in IDlargest metros in the state

CityStudio1BR2BR3BRHome 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 Lemhi County?

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

Should I Rent or Buy?

Break-even analysis using real Lemhi County data

$
Home Value
$350,000
2BR Rent
$933/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏢 Rent

Renting appears to be the better financial choice for this scenario.

Total monthly buy cost: $2,577/movs rent: $933/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Lemhi County

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

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Frequently Asked Questions

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🏘️Neighborhoods in Lemhi County

Compare rent & home prices by neighborhood

💵Rent Affordability in Lemhi County

Salary needed to afford rent here

🗺️All Cities in ID

See how Lemhi County ranks statewide

⚖️Compare Lemhi County

Side-by-side rent & cost of living with any city

📋ID Tenant Rights

Deposit limits, eviction laws & renters protections