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ZIP Code · ID

ZIP 83642

Part of Meridian, ID
Pop. 62,279·Ada County·14th most expensive ZIP in Idaho
Median rent (all units)
$1,885/mo
Year-over-Year
+6.5%
Month-over-Month
+1.1%
vs US Median
-$80
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 83642 · $1,885
More expensive than 54% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,320
1 BR
$1,550
2 BR
$1,840
3 BR
$2,560
4 BR+
$3,090
Research median
$1,840/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
$22,620/yr
At $1,885/mo median
Location
StateID
CountyAda County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.5% YoY, +1.1% MoM), not inventory.
Demographics

Who lives here

ZIP 83642 (Meridian, ID) is majority owner-occupied, has a median income above the national average, 44.1% of residents hold a bachelor's degree or higher.

Population
62,279
Median income
$96,909
Median age
37.9
Renters
30.3%
Age distribution
23%
23.1%
28.8%
14.2%
Under 1823%
18–3423.1%
35–5428.8%
55–6410.8%
65+14.2%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
84.2%
White84.2%
Black0.9%
Hispanic10.6%
Asian2.4%
Other2%
Education (25+)
20.2%
31.1%
44.1%
No HS diploma4.6%
HS diploma20.2%
Some college31.1%
Bachelor's+44.1%
Housing tenure
69.7%
30.3%
Owner69.7%
Renter30.3%

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

2021 vs 2026

How ZIP 83642 in Meridian, ID has changed in 5 years

Rent
$1,584 → $1,885
up 19.0%
Income
$83,746 → $96,909
up 15.7%
Population
51,088 → 62,279
up 21.9%
Renter share
28.1% → 30.3%
+2.2 pts
Bachelor's+
39.5% → 44.1%
+4.6 pts
Median age
38.8 → 37.9
-0.9 yrs

Rent in ZIP 83642 in Meridian, ID has climbed 19.0% since 2021, going from about $1,584 per month to roughly $1,885 today. Census figures show median household income at $96,909 today, compared with $83,746 five years earlier. Rent outpaced income growth by roughly 3.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 51,088 to 62,279 between 2021 and 2024, a 21.9% change. About 30.3% of households rent today, against 28.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 39.5% to 44.1%. 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 83642

Last updated: July 20, 2026

ZIP code 83642 covers Meridian, ID. The median rent here is $1,885/mo as of July 2026. A 1-bedroom rents for a median of $1,550/mo. A 2-bedroom rents for a median of $1,840/mo.

At 23% of local median household income ($96,909/yr), ZIP 83642 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 83642?

As of July 20, 2026, the median monthly rent in ZIP 83642 (Meridian, ID) is $1,885. This is based on aggregated data from public sources and community submissions.

How does ZIP 83642 rent compare to the US average?

ZIP 83642's median rent of $1,885/mo is $80 (4%) below the US national median of $1,965/mo.

How does ZIP 83642 compare to other ZIPs in Idaho?

ZIP 83642 is one of the pricier ZIP codes in Idaho, ranking #14 out of 40 ZIPs tracked at $1,885/mo.

How much income do you need to rent in ZIP 83642?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (~$36/hour full-time) to afford the median rent of $1,885/mo in ZIP 83642. The local median household income is $96,909/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 83642?

Rent in ZIP 83642 has increased 6.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 83642 an affordable place to rent?

ZIP 83642 is considered very affordable for renters. At $1,885/mo, rent takes approximately 23% of the local median household income ($96,909/yr). The standard benchmark is 30%. ZIP 83642 falls comfortably within that range.

What percentage of ZIP 83642 residents rent vs. own?

According to Census data, approximately 30.3% of ZIP 83642 households are renters, while 69.7% are owner-occupied. ZIP 83642 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 83642 compare to the rest of Meridian?

ZIP 83642 is more affordable than Meridian overall. At $1,885/mo, it's $180 below the Meridian citywide median of $2,065/mo.

When was rent data for ZIP 83642 last updated?

Rent data for ZIP 83642 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,885/mo, rent takes ~23% of ZIP 83642's median household income ($96,909/yr). The standard benchmark is 30%.

ZIP 83642 23%Benchmark 30%
State income tax5.8%
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Schools nearby

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