City Report · ID

Idaho Falls

Pop. 67,725·18th most expensive in Idaho·One of the most affordable rental markets in the US
Median rent (all units)
$1,383/mo
Year-over-Year
+4.8%
Month-over-Month
-1.5%
vs US Median
-$582
Falling (Monthly)
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Most AffordableMost Expensive
Idaho Falls · $1,383
More affordable than 83% of US cities · National median $1,965/mo
Rent Reality Score
78/100
Good value
OverheatedFairGreat value

Rents are 14% below what Idaho Falls's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,383/mo
Expected by trend
$1,609/mo
The Rent Reality Score compares today's median rent to where Idaho Falls's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$993
1 BR
$1,037
2 BR
$1,253
3 BR
$1,760
4 BR+
$2,107
Research median
$1,253/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$16,596/yr
At $1,383/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+4.8% YoY, -1.5% MoM), not inventory.
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Demographics

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.

Population
67,725
Median income
$73,110
Median age
33.7
Renters
35.8%
Age distribution
27.8%
24.1%
24%
13.6%
Under 1827.8%
18–3424.1%
35–5424%
55–6410.5%
65+13.6%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
82.8%
16.7%
White82.8%
Black0.5%
Hispanic16.7%
Asian0.7%
Education (25+)
24.4%
34.5%
31.7%
No HS diploma9.4%
HS diploma24.4%
Some college34.5%
Bachelor's+31.7%
Housing tenure
64.2%
35.8%
Owner64.2%
Renter35.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Idaho Falls, ID has changed in 5 years

Rent
$1,094 → $1,383
up 26.4%
Income
$57,412 → $73,110
up 27.3%
Population
64,399 → 67,725
up 5.2%
Renter share
37.9% → 35.8%
-2.1 pts
Bachelor's+
29.5% → 31.7%
+2.2 pts

Since 2021, the typical rent in Idaho Falls, ID has climbed from $1,094 to $1,383, a 26.4% 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.

Community

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View Idaho Falls rent history (2015–2026) →
Salary vs rent

Can you afford rent in Idaho Falls on your salary?

At $1,383/mo, how Idaho Falls rent compares to typical pay (30% rule).

By apartment size

Idaho Falls rent by bedroom count

Median rent for each apartment size in Idaho Falls. Click any size for full breakdown.

Local insights

Tips for renters in Idaho Falls

About renting in Idaho Falls, ID

Last updated: July 20, 2026

The median rent in Idaho Falls is $1,383/mo as of July 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 4.8% over the past year.

FAQ

Frequently asked questions

Is Idaho Falls an affordable city for renters?

Idaho Falls is considered very affordable for renters. At $1,383/mo, rent takes approximately 23% of the local median household income ($73,110/yr). The standard benchmark is 30%. Idaho Falls falls comfortably within that range.

How much income do you need to rent in Idaho Falls?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (~$26/hour full-time) to afford the median rent of $1,383/mo in Idaho Falls. The local median household income is $73,110/yr, meaning the typical Idaho Falls household meets that threshold.

Is rent going up or down in Idaho Falls?

Rent in Idaho Falls has increased 4.8% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Idaho Falls neighborhoods have the lowest rent?

The most affordable ZIP codes in Idaho Falls are 83402 ($1,283/mo), 83401 ($1,439/mo), and 83404 ($1,552/mo). Citywide, the median rent in Idaho Falls is $1,383/mo.

How does Idaho Falls rent compare to other cities in Idaho?

Idaho Falls is one of the more affordable cities in Idaho for rent, ranking #18 out of 24 tracked cities at $1,383/mo.

Which nearby cities are cheaper to rent in than Idaho Falls?

Several nearby cities have lower median rents than Idaho Falls ($1,383/mo): Shelley ($925/mo), Blackfoot ($988/mo), Rexburg ($1,124/mo).

What percentage of Idaho Falls residents rent vs. own?

According to Census data, approximately 35.8% of Idaho Falls households are renters, while 64.2% are owner-occupied. Idaho Falls leans toward homeownership, which can mean a smaller rental inventory.

How does Idaho Falls rent compare to the national average?

Idaho Falls's median rent of $1,383/mo is $582 (30%) below the US national median of $1,965/mo. Within Idaho, it ranks #18 out of 24 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,383/mo, rent takes ~23% of Idaho Falls's median household income ($73,110/yr). The standard benchmark is 30%.

Idaho Falls 23%Benchmark 30%
State income tax5.8%
Run the Idaho Falls affordability calculator →
Lowest-rent ZIP codes in Idaho Falls
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Idaho Falls, ID

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