Logo Boise City Fair Market Rent FY 2023 Boise City, ID HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Boise City, ID :
$929 $1,059 $1,310 $1,841 $2,159
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Boise City are very high compared to the national average. This FMR area is more expensive than 93% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Boise City is $1,310 per month.

The previous year, rent for a two-bedroom home was $1,118 per month. This is a 17.17% increase year-over-year.

This FMR rate applies to Melba, ID, Star, ID, Kuna, ID, Garden City, ID, Eagle, ID, Nampa, ID, Meridian, ID, Boise, ID and other cities within the region. The Metro Code or CBSA code for this region is METRO14260M14260.

Additionally, This Fair Market Rent (FMR) area Boise City, ID HUD Metro FMR Area spans one county or city in Idaho which is listed in the table below. Estimated population of Boise City, ID HUD Metro FMR Area FMR area is 469,473 people based on latest Census data.

Compared to the rest of Idaho, the Boise City FMR area is more expensive than 100% of the state.

Idaho Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Boise City. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Boise City

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 981
1-BR 1-Bedroom $ 1118
2-BR 2-Bedroom $ 1383
3-BR 3-Bedroom $ 1944
4-BR 4-Bedroom $ 2279
Change Year:

There is just one county (listed below) within the Boise City, ID HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Boise.

County / Region Est. Population
Boise City, ID Metro 469,473
Zip Codes in Boise City, ID HUD Metro FMR Area

There are 31 unique zip codes in this Fair Market Rent (FMR) area:

83616, 83634, 83641, 83642, 83646, 83669, 83680, 83687, 83701, 83702, 83703, 83704, 83705, 83706, 83707, 83708, 83709, 83711, 83712, 83713, 83714, 83715, 83716, 83717, 83719, 83720, 83724, 83725, 83728, 83729 and 83735

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