The Average Rent in Boise
Ranked as the best city to live Habitability Due to its affordability and style, the ‘City of Trees’, otherwise known as Boise, strikes the perfect balance between city living and outdoor adventures.
Boise’s aesthetic, coupled with its continuously growing nature, makes it ideal for anyone looking to escape the hustle and bustle while still retaining the culture that comes with it.
Whether you are simply looking for a change of scenery or want to find a city built on a bright future, Boise is the place for you.
To see why countless lifestyle magazines rank this mid-sized but tight-knit community so high, let’s take a look at the cost of living in Boise and its many perks below.
What’s the average rent in Boise?
With Boise is healthy (6.8 out of 10) labor market and an unemployment rate 0.9% lower than the national average, it makes sense that people are willing to live here regardless of the average rent.
Despite its steady growth, court offices don’t have to worry too much about the average rent in Boise. You can expect a one-bedroom apartment to cost an average of $ 1,353 per month. Although nearly 7% higher than last year, that figure is $ 257 lower than the national rental average. That’s why Boise is one of the most affordable cities to live in despite the expansion and national interest.
How much do I need to earn to live in Boise?
Experts recommend that you don’t spend more than 30% of your pre-tax income on rent. With an average rent in Boise of $ 1,353, you will need to earn around $ 54,120 per year to live comfortably. the median household income is $ 56,798, so being able to afford rent and extra luxuries is a cinch.
However, if you’re still wary of your specific budget and how it relates to Boise’s lifestyle, check out our rent calculator today for a more solid, personalized number.
The cost of living in Boise
Understanding the average cost of living in a city is essential for settling there. Boise is about 1 percent more affordable compared to the national average.
Here’s a more complete breakdown of the cost of living in Boise:
- Utilities: Utility cost in Boise is 16.9% lower than national average
- Housing: Housing cost in Boise is 6.5% lower than the national average
- Races: Cost of groceries in Boise is 6.5% lower than national average
- Health care: Health care cost in Boise is 1.2% lower than national average
- Miscellaneous goods and services: Cost of miscellaneous goods and services in Boise is 3.3% higher than national average
- Transport: Transportation cost in Boise is 8.8 percent higher than the national average
Taking these numbers into account, you can see why each year more and more people are heading to Boise for a more unique and affordable lifestyle.
The most expensive and cheapest neighborhoods in Boise
When evaluating Boise accommodation, you will find a wide range of prices, depending on the types and proximity to the heart of the city.
On average, you’ll pay more downtown and the southeast and north end of Boise. These areas are more expensive but also have accommodations and attractions nearby that are worth the extra cost each month.
The best values in town can be found on the outskirts of Boise and close to Boise State University. While most people expect to pay more to live near the university, rental prices in this area are surprisingly affordable. These areas allow you to get into the city as you wish without being in the center.
No matter where you end up, the charm of Boise will make your neighborhood special.
The most expensive neighborhoods in Boise
Rent is most expensive in the center of the downtown Boise neighborhood and in the Southeast and Harris Ranch areas. These areas are close to Boise’s most exciting events and restaurants, shopping, schools and outdoor attractions. From hiking through the trails of Camel’s Back to a snack at the Petite 4 restaurant of James Beard semi-finalist Sarah Kelly, the opportunities these neighborhoods offer are endless.
The most expensive average rent is in downtown Boise. Here you will pay around $ 1,711 for a one bedroom apartment. The apartments in this area are beautiful and have plenty of amenities such as spas, climbing walls and even rental bikes.
The cheapest neighborhoods in Boise
If a cheaper but still local neighborhood is more your type, the East End, Lake Harbor, Vista and Southwest Boise are all adequate neighborhoods full of fantastic restaurants, fun outdoor attractions, great people and beautiful apartments. . Given Boise’s smaller nature, no matter where you live, you’re about a five-minute drive to downtown.
East End is the cheapest area in Boise. The average cost of a one-bedroom apartment here is $ 1,043. This is a stark contrast to the city center, but only a few miles away, making it a more accessible neighborhood for those who want the real Boise experience without the above-average rent costs.
Average rental prices in Boise neighborhoods
Boise’s average rent for a one-bedroom apartment ranges from $ 1,043 to $ 1,711. Here are the average rental prices for each neighborhood to easily break down your budget and area of choice.
* May not be a true representation of the market due to insufficient inventory
Find your Boise neighborhood
With so many opportunities just minutes away, it’s clear to see why Boise is so popular. From mountain bikers and kayakers to musicians and construction workers, there is something for everyone.
Find your ideal apartment or home in Boise today and experience all that the “best city to live” has to offer.
Rental prices are based on a moving weighted average of Apartment Guide and Rent.com’s multi-family rental property inventory of one-bedroom apartments. The data was pulled in May 2021 and goes back a year. We use a weighted average formula that more accurately represents the price availability for each individual unit type and reduces the influence of seasonality on rental prices in specific markets.
Neighborhoods with insufficient inventory were excluded.
Data on the cost of living come from the Community and Economic Research Council.
The rent information included in this article is used for illustration purposes only. The data contained in this document does not constitute financial advice or a price guarantee for an apartment.