Meridian, Idaho Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Meridian, Idaho rental market.
Meridian, Idaho
Average Apartment Rent
$1,755
Y-o-Y Change in Average
Apartment Rent
2.1%
As of March 2026
Compared to a year ago, Meridian, Idaho apartments have recorded a 2.1% rent increase.
Meridian, Idaho Average apartment rent trend
Meridian, Idaho Average Apartment Rent
Meridian, Idaho Apartment rent ranges
At 59.47%, apartments priced $1,500 - $2,000 represent the bulk of Meridian, Idaho rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.6%.
Meridian, Idaho Housing tenure**
Renters take up 24% of Meridian, Idaho real estate, occupying a total of 10,137 units, while homeowners live in 32,706 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$61,922
Average household size of renter-occupied housing units**
2.46
Rental vacancy rate**
3.9%
Meridian, Idaho Renter-occupied housing units by no. of bedrooms**
There are 4,317 rentals in Meridian, Idaho with 2 beds making up the highest share of the market, at 43%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 215 units. Overall, the median number of rooms in Meridian, Idaho homes for rent is 4.5.
Meridian, Idaho Renter-occupied units by age of householder**
Most condos for rent in Meridian, Idaho are occupied by residents in the 35 - 44 years age group (26%), followed by those in the 25 - 34 years age group (24%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 2%.
Meridian, Idaho Renter-occupied housing units by family type**
Meridian, Idaho Renter-occupied housing units by the presence of own children**
A total of 5,875 apartments for rent in Meridian, Idaho, or 58% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 3,653 units. All in all, the median size of a renter-occupied household in Meridian, Idaho is 2.46.
Meridian, Idaho Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 29% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Meridian, Idaho.
Meridian, Idaho Renter-occupied units by year structure built**
The highest share of Meridian, Idaho apartment rentals, namely 33% or 3,365 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (25%, 2,504 units), and the ones Built 1990 - 1999 (17%, 1,744 units).
Meridian, Idaho Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Meridian, Idaho renters (41%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Meridian, Idaho condos for rent is 2019.
Meridian, Idaho Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Meridian, Idaho renters have 2 vehicles available per household, 35% of them have 1 vehicle available, and 12% have 3 vehicles available.
Meridian, Idaho Means of transportation to work of householders living in renter-occupied housing units**
Meridian, Idaho Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Meridian, Idaho apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
