RentData

Average Rent in Madison County, ID Rents falling 5.0% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 53,578

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

Market Overview

Madison County, ID has rental prices ranging from $873/month to $1,650/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $907/month — 35% below the national average of $1,400/month. With a median household income of $58,259/year, spending $907/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Madison County Compares

With an average 2-bedroom rent of $1,004/month, Madison County ranks #17 most expensive of the 43 cities tracked in Idaho — pricier than 65% of all US cities in our data.

The Madison County Rental Market

The Madison County, ID area has a population of about 53,578 and 60% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Madison County, ID have fallen by $53/month (5.0%) over the past year, from $1,057 to $1,004. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Madison County, ID without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $36,280. The local median household income of $58,259 exceeds that threshold by $21,979, making Madison County relatively accessible compared to local wages.

Economy & Jobs

Madison County, ID has an unemployment rate of 3.7%, 0.2 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
$873
Affordable
1 Bedroom
$907
Affordable
2 Bedrooms
$1,004
5.0% YoY
Affordable
3 Bedrooms
$1,407
Affordable
4 Bedrooms
$1,650
Average
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Is Madison 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
$40,160/year
Local median income: $58,259
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,004/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 Madison County?

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

Should I Rent or Buy?

Break-even analysis using real Madison County data

$
Home Value
$350,000
2BR Rent
$1,004/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 4 years — worth it if you stay 4+ years.

Total monthly buy cost: $2,577/movs rent: $1,004/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Madison 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 Madison County

Compare rent & home prices by neighborhood

💵Rent Affordability in Madison County

Salary needed to afford rent here

🗺️All Cities in ID

See how Madison County ranks statewide

⚖️Compare Madison County

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

📋ID Tenant Rights

Deposit limits, eviction laws & renters protections