ZIP Code · ID

ZIP 83704

Part of Boise, ID

Pop. 42,719·Ada County·21st most expensive ZIP in Idaho

Median rent (all units)

$1,694/mo

Year-over-Year

+6.1%

Month-over-Month

+1.1%

vs US Median

-$238

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 83704 · $1,694

More affordable than 58% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,170

1 BR

$1,390

2 BR

$1,660

3 BR

$2,320

4 BR+

$2,780

Research median

$1,660/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 83704 usually run 1.6% below trend in December and 1.5% above it in July, about $53 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 83704 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Idaho

Rent in ZIP 83704 changed +6.1% over the year to September 2026. Across the 34 Idaho ZIP codes Zillow tracks, the typical change was +6.0%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 83704 rose 44.8% while median household income rose 39.5% ($52,611 to $73,390). Rent outpaced income.

Since before the pandemic

Rent in ZIP 83704 is 53.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 7 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($73,390) is $1,835 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,660); a 3-bedroom is $2,320.

Rank in Boise

2nd cheapest of 10 ZIP codes in Boise.

From Zillow's monthly rent index (ZORI) for ZIP 83704. 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.

Annual cost

$20,328/yr

At $1,694/mo median

Location

CityBoise

StateID

CountyAda County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.1% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.1% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 83704 (Boise, ID) is majority owner-occupied, 34.8% of residents hold a bachelor's degree or higher.

Population

42,719

Median income

$73,390

Median age

38.6

Renters

37%

Age distribution

17.8%

26%

26.3%

18.3%

Under 1817.8%

18–3426%

35–5426.3%

55–6411.6%

65+18.3%

Gender

50.2%

49.8%

Male50.2%

Female49.8%

Race & ethnicity

79.1%

14.8%

White79.1%

Black2%

Hispanic14.8%

Asian1.9%

Other2.1%

Education (25+)

25.3%

32.8%

34.8%

No HS diploma7.1%

HS diploma25.3%

Some college32.8%

Bachelor's+34.8%

Housing tenure

63%

37%

Owner63%

Renter37%

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

2021 vs 2026

How ZIP 83704 in Boise, ID has changed in 5 years

Rent

$1,329 → $1,694

up 27.5%

Income

$61,007 → $73,390

up 20.3%

Population

40,580 → 42,719

up 5.3%

Renter share

38.5% → 37%

-1.5 pts

Bachelor's+

29.6% → 34.8%

+5.2 pts

Median age

37.4 → 38.6

+1.2 yrs

Rent in ZIP 83704 in Boise, ID has increased 27.5% since 2021, going from about $1,329 per month to roughly $1,694 today. Local incomes tracked alongside that move, going from a median of $61,007 in 2021 to $73,390 more recently. Rent outpaced income growth by roughly 7.2 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 40,580 to 42,719 between 2021 and 2024, a 5.3% change. About 37% of households rent today, against 38.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 29.6% to 34.8%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 83704 in Boise, ID market of 2021.

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About renting in ZIP 83704

Last updated: October 17, 2026

ZIP code 83704 covers Boise, ID. The median rent here is $1,694/mo as of October 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,660/mo.

At 28% of local median household income ($73,390/yr), ZIP 83704 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 83704?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (about $33/hour full-time) to afford the median rent of $1,694/mo in ZIP 83704. The local median household income is $73,390/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 83704?

Rent in ZIP 83704 has risen 6.1% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 83704?

Asking rents in ZIP 83704 are usually lowest in December, about 1.6% below their yearly trend, and highest in July, about 1.5% above it. At today's median that is a gap of roughly $53 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 83704?

Yes. From 2019 to 2024, rent in ZIP 83704 rose 44.8% while median household income rose 39.5%, from $52,611 to $73,390. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 83704 compare to other ZIPs in Idaho?

ZIP 83704 is in the middle among Idaho ZIP codes for rent, ranking #21 of 39 at $1,694/mo. Over the year to September 2026, rent in ZIP 83704 changed +6.1%, against a typical +6.0% across the 34 Idaho ZIP codes Zillow tracks.