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ZIP Code · ID

ZIP 83440

Part of Rexburg, ID
Pop. 51,421·Madison County·36th most expensive ZIP in Idaho
Median rent (all units)
$1,094/mo
Year-over-Year
-7.5%
Month-over-Month
-5.5%
vs US Median
-$857
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 83440 · $1,094
More affordable than 95% of US ZIP codes · National median $1,951/mo
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Medians by bedroom

Rent by unit size

Studio
$980
1 BR
$1,020
2 BR
$1,120
3 BR
$1,560
4 BR+
$1,820
Research median
$1,120/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: June 22, 2026

Annual cost
$13,128/yr
At $1,094/mo median
Location
StateID
CountyMadison County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 7.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-7.5% YoY, -5.5% MoM), not inventory.
Demographics

Who lives here

ZIP 83440 (Rexburg, ID) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 40.9% of residents hold a bachelor's degree or higher.

Population
51,421
Median income
$58,159
Median age
21.3
Renters
61.5%
Age distribution
19.6%
61%
Under 1819.6%
18–3461%
35–5410.5%
55–644%
65+4.9%
Gender
44.9%
55.1%
Male44.9%
Female55.1%
Race & ethnicity
87.3%
White87.3%
Black1%
Hispanic9.8%
Asian1.6%
Education (25+)
15%
41.5%
40.9%
No HS diploma2.6%
HS diploma15%
Some college41.5%
Bachelor's+40.9%
Housing tenure
38.5%
61.5%
Owner38.5%
Renter61.5%

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

2021 vs 2026

How ZIP 83440 in Rexburg, ID has changed in 5 years

Rent
$890 → $1,094
up 22.9%
Income
$53,288 → $58,159
up 9.1%
Population
47,535 → 51,421
up 8.2%
Renter share
50.7% → 61.5%
+10.8 pts
Bachelor's+
36.9% → 40.9%
+4.0 pts
Median age
23.1 → 21.3
-1.8 yrs

The median rent in ZIP 83440 in Rexburg, ID stood at $890 in 2021 and currently runs about $1,094, reflecting a 22.9% increase over the period. Census figures show median household income at $58,159 today, compared with $53,288 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 8.2% since 2021, moving from about 47,535 residents to roughly 51,421. Renters now make up 61.5% of households, compared with 50.7% five years ago. College-educated residents now make up 40.9% of adults here, versus 36.9% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 83440

Last updated: June 22, 2026

ZIP code 83440 covers Rexburg, ID. The median rent here is $1,094/mo as of June 2026. A 1-bedroom rents for a median of $1,020/mo. A 2-bedroom rents for a median of $1,120/mo.

At 23% of local median household income ($58,159/yr), ZIP 83440 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 7.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 83440?

As of June 22, 2026, the median monthly rent in ZIP 83440 (Rexburg, ID) is $1,094. This is based on aggregated data from public sources and community submissions.

How does ZIP 83440 rent compare to the US average?

ZIP 83440's median rent of $1,094/mo is $857 (44%) below the US national median of $1,951/mo.

How does ZIP 83440 compare to other ZIPs in Idaho?

ZIP 83440 is among the more affordable ZIP codes in Idaho, ranking #36 out of 40 ZIPs at $1,094/mo.

How much income do you need to rent in ZIP 83440?

To keep rent at or below 30% of gross income, you would need to earn at least $44,000/year (~$21/hour full-time) to afford the median rent of $1,094/mo in ZIP 83440. The local median household income is $58,159/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 83440?

Rent in ZIP 83440 has decreased 7.5% over the past year as of June 22, 2026, offering some relief compared to 12 months ago.

Is ZIP 83440 an affordable place to rent?

ZIP 83440 is considered very affordable for renters. At $1,094/mo, rent takes approximately 23% of the local median household income ($58,159/yr). The standard benchmark is 30%. ZIP 83440 falls comfortably within that range.

What percentage of ZIP 83440 residents rent vs. own?

According to Census data, approximately 61.5% of ZIP 83440 households are renters, while 38.5% are owner-occupied. With a majority renter population, ZIP 83440 has a strong rental market.

How does ZIP 83440 compare to the rest of Rexburg?

ZIP 83440 is more affordable than Rexburg overall. At $1,094/mo, it's $3 below the Rexburg citywide median of $1,097/mo.

When was rent data for ZIP 83440 last updated?

Rent data for ZIP 83440 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,094/mo, rent takes ~23% of ZIP 83440's median household income ($58,159/yr). The standard benchmark is 30%.

ZIP 83440 23%Benchmark 30%
State income tax5.8%
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Schools nearby

Public schools near ZIP 83440 (Rexburg, ID)

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