Rents are 16% below what Idaho Falls's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,396 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in Idaho Falls usually run 1.2% below trend in January and 1.1% above it in July, about $32 a month apart at today's median. Based on 11 years of data.
Rent in Idaho Falls is 0% below its high of $1,396 in August 2026, at $1,396 as of September 2026.
Rent in Idaho Falls changed +1.7% over the year to September 2026. Across the 18 Idaho cities Zillow tracks, the typical change was +4.9%.
From 2019 to 2024, rent in Idaho Falls rose 51.3% while median household income rose 37.6% ($53,148 to $73,110). Rent outpaced income.
Rent in Idaho Falls is 49.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
30% of the median household income ($73,110) is $1,828 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,760); a 4-bedroom is $2,107.
The priciest of 3 ZIP codes in Idaho Falls, 83404 ($1,590/mo), costs 23% more than the cheapest, 83402 ($1,294/mo).
Rexburg, 24 miles away, rents for 17% less ($1,155/mo), about $2,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Idaho Falls. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Idaho Falls, ID is majority owner-occupied, has a large share of families with children, 31.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Idaho Falls, ID has changed in 5 years
Since 2021, the typical rent in Idaho Falls, ID has climbed from $1,106 to $1,396, a 26.2% change over five years. On the earnings side, the typical household in Idaho Falls, ID now reports about $73,110, up from $57,412 in 2021. The population has grown by 5.2% since 2021, moving from about 64,399 residents to roughly 67,725. Renters now make up 35.8% of households, compared with 37.9% five years ago. College-educated residents now make up 31.7% of adults here, versus 29.5% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Idaho Falls, ID reflects that arc in its own way.
Discussions about Idaho Falls
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Can you afford rent in Idaho Falls on your salary?
At $1,396/mo, how Idaho Falls rent compares to typical pay (30% rule).
Idaho Falls rent by bedroom count
Median rent for each apartment size in Idaho Falls. Click any size for full breakdown.
Tips for renters in Idaho Falls
Last updated: October 17, 2026
The median rent in Idaho Falls is $1,396/mo as of October 2026. A studio apartment averages $993/mo while a 2-bedroom runs $1,253/mo. One-bedroom apartments average $1,037/mo and 3-bedroom units go for $1,760/mo.
At 23% of local median household income ($73,110/yr), Idaho Falls ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.7% over the past year.
Frequently asked questions
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How does Idaho Falls rent compare to other cities in Idaho?
At $1,396/mo, rent takes ~23% of Idaho Falls's median household income ($73,110/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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