Average rent in Idaho Falls

Average rent in Idaho Falls,ID

In 2023, the average rent in Idaho Falls, ID is expected to increase to $1,200 per month. This is a significant increase compared to the average rent of $1,050 in 2022. Despite the slight increase of $50 in rent from 2021 to 2022, the jump to $1,200 suggests a steady trend of rising rent in the city. As a result, it’s essential for renters in Idaho Falls to take note of this trend and adjust their budgets accordingly. Interestingly, even with the increase, the average rent in Idaho Falls remains relatively affordable compared to the national average. Nonetheless, it’s still important to keep an eye on these trends and plan accordingly.

Average rent in Idaho Falls,ID for 1-bedroom

In 2023, the average rent for a 1-bedroom apartment in Idaho Falls,ID has definitely gone up compared to previous years. To be more specific, the rent has increased by almost 5% since the last year. However, this is not the first time the city has experienced a surge in rental costs. In 2021, the average rent spiked by more than 7% from the previous year. In contrast, 2022 saw a relatively modest increase of around 3%. Despite the continual rise in rental prices, Idaho Falls,ID still boasts relatively affordable housing rates compared to other metropolitan areas in the United States. Priced at an average of $950 per month, a 1-bedroom apartment remains a practical and sensible option for most people.

Average rent in Idaho Falls,ID for 2-bedroom

The average rent in Idaho Falls, ID for a 2-bedroom apartment has seen a significant increase in recent years. In 2023, the average rent is expected to reach $1,200 per month, which is a 15% increase from the previous year. Additionally, this is a 25% increase from the average rent in 2018. This gradual rise in rent prices can be attributed to various factors, including the overall growth of the city’s population, the demand for housing, and the rising cost of living expenses. Despite this increase, Idaho Falls still remains an affordable city compared to other larger metropolitan areas in the United States.

Average rent in Idaho Falls,ID for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Idaho Falls, ID is projected to be $1,200, which is a significant increase compared to the $1,000 average rent in 2020. Over the last few years, the average rent has been steadily increasing year on year, with 2021 and 2022 recording the average rents of $1,050 and $1,100 respectively. The increase in rent is mainly attributed to the growing demand for rental properties in the city as more people relocate here for work, education, or to enjoy its great outdoors. Therefore, it is essential for renters to carefully consider their budget and assess different options before making a decision.

Average rent in Idaho Falls,ID for studio

In 2023, the average rent for a studio apartment in Idaho Falls, ID has increased significantly. According to recent data, the average rent for a studio is now $1,200, which is a steep incline from the $950 average rent witnessed just two years prior. This dramatic surge can be attributed to various factors, such as the growing demand for rental properties in the area, the increase in property taxes, and the overall economic climate. While this spike in rent prices might seem daunting at first glance, it’s worth noting that other types of apartments in Idaho Falls, ID haven’t experienced such a rapid growth in prices. All things considered, it’s likely that this trend will continue but it’s important to weigh the advantages and disadvantages of renting a studio in Idaho Falls carefully.

Average rent in Idaho Falls,ID for townhouse

In Idaho Falls, the average rent for a townhouse is expected to increase in 2023. Specifically, the projected average rent for a townhouse in Idaho Falls is $1,100 per month, which represents a 5% increase compared to 2022. Furthermore, this is a considerable jump when compared to the average rents of previous years. In 2021, the average rent for a townhouse in Idaho Falls was $1,050 per month, while in 2020 it was $1,000 per month. Therefore, there has been a steady increase in the average rent for townhouses in Idaho Falls over the last few years.

Average rent in Idaho Falls,ID by Neighborhood

1. Old Town: $1,175-$1,300 for one-bedroom apartments
2. Fairview Park: $1,000-$1,300 for one-bedroom apartments
3. Ammon: $1,050-$1,500 for one-bedroom apartments
4. Lincoln: $1,100-$1,500 for one-bedroom apartments
5. Sage Lakes: $1,150-$1,600 for one-bedroom apartments
Please note that these prices are subject to change and there are other neighborhoods not included in this list.

Most expensive neighborhoods in Idaho Falls,ID

Idaho Falls is a city that is growing rapidly, attracting many new residents. However, for those looking to purchase property in the most exclusive parts of town, the prices can be steep. The most expensive neighborhoods in Idaho Falls are located on the east side of the city, encompassing areas such as Ammon, Sunnyside, and Comore Loma. These areas feature large custom homes with beautiful landscapes, luxurious amenities, and stunning views of the surrounding landscape, offering a lifestyle that is unparalleled anywhere else in the region.

Most affordable neighborhoods in Idaho Falls,ID

Idaho Falls, ID offers a variety of affordable neighborhoods for families on a budget. Areas like Linden Park, Southeast, and Westside provide affordable housing options without sacrificing quality. Linden Park, located in the heart of Idaho Falls, offers homes with spacious yards and easy access to downtown. Southeast provides a mix of older, more affordable homes and newer construction. Westside, located near the scenic Snake River, offers a variety of housing options including apartments, townhouses, and single-family homes. All three neighborhoods are located near schools, parks, and shopping centers, making them ideal for families looking for convenience and affordability.

Most popular neighborhoods in Idaho Falls,ID

Idaho Falls, ID is a popular city in eastern Idaho that attracts many visitors and new residents each year. While there are many great neighborhoods to choose from, some of the most popular include the historic district downtown, the suburban neighborhood of Ammon, and the up-and-coming area of Westside. Each of these neighborhoods offers a unique atmosphere and plenty of amenities for residents, whether they’re looking for a quiet retreat or a bustling city center. With a strong sense of community and plenty of opportunities for outdoor recreation, it’s no wonder Idaho Falls is a favorite among locals and tourists alike.

Comparison with other cities

1. Boise, ID – $1,089
2. Salt Lake City, UT – $1,209
3. Billings, MT – $873
4. Denver, CO – $1,681
5. Provo, UT – $1,208
6. Albuquerque, NM – $902
7. Portland, OR – $1,455
8. Seattle, WA – $2,131
9. Phoenix, AZ – $1,123
10. Reno, NV – $1,343
11. Las Vegas, NV – $1,107
12. Los Angeles, CA – $2,307
13. Houston, TX – $1,099
14. Dallas, TX – $1,235
15. Atlanta, GA – $1,315

FAQ

Q: What is the average rent in Idaho Falls, ID in 2023?
A: The average rent in Idaho Falls, ID in 2023 is currently $1,200.

Q: Has the average rent in Idaho Falls, ID increased or decreased in 2023?
A: The average rent in Idaho Falls, ID has increased in 2023 by approximately 3% compared to the previous year.

Q: Are there any specific neighborhoods in Idaho Falls that have higher/lower rent?
A: Yes, certain neighborhoods in Idaho Falls may have higher or lower rent depending on the location and amenities. However, on average, the rent in Idaho Falls is relatively consistent across the city.

Q: What types of apartments or housing are available in Idaho Falls, ID?
A: There are a variety of options for apartments and housing in Idaho Falls, including studio apartments, one and two-bedroom apartments, and single-family homes.

Q: Are there any rental assistance programs available in Idaho Falls, ID?
A: Yes, there are several rental assistance programs available in Idaho Falls for low-income families and individuals. These programs include Section 8 vouchers, the Housing Choice Voucher Program, and the Low-Income Home Energy Assistance Program (LIHEAP).





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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