As we approach the close of 2024, the Boise rental market remains a focal point for landlords and tenants alike. Single-family rentals continue to show high demand, with stable rental prices and constrained inventory shaping the market. This month's update dives into the latest rental price trends, vacancy rates, and active rental inventory, providing actionable insights for property owners.

Median Rental Prices

The median rent for single-family homes in Boise remains steady at $2,050 per month, reflecting a 2.5% year-over-year increase. This consistent growth indicates strong demand, even as we head into the traditionally slower winter months.

Why the Stability?

  • Continued influx of renters moving to Boise for job opportunities.

  • Limited supply of new single-family rental homes.

  • Seasonal adjustments with demand softening slightly compared to summer highs.

Graph 1: Median Rental Prices

Boise median rental price trends for 2023 and 2024, showing year-over-year growth.


This graph highlights the steady growth of rental prices over the past year, comparing 2023 and 2024 trends.

Vacancy Rates

Boise's vacancy rate remains at a low 4.5%, signaling strong demand for rental properties. This figure is slightly below the national average, making it a landlord-friendly market.

Key Takeaways:

  • Properties are leasing quickly, with vacancy rates consistently staying below 5% throughout the year.

  • Winter months may see a slight uptick in vacancy as fewer renters move, but demand remains robust for well-maintained homes.

Graph 2: Vacancy Rate Comparison

Vacancy rate comparison between Boise and the national average for single-family rentals in 2024.


This bar chart compares Boise's vacancy rates to the national average, emphasizing the city's competitive rental market.

Active Rental Inventory

Active rental inventory for single-family homes has seen slight fluctuations, with 450-500 listings available monthly. This limited inventory keeps the market competitive, with well-priced properties leasing quickly.

What’s Driving Inventory Trends?

  • Fewer new listings during fall and winter, as landlords wait for peak seasons.

  • Strong absorption rates, with renters snapping up quality properties.

Graph 3: Active Rental Inventory

Active single-family rental inventory in Boise for 2024, showing seasonal trends and a decline toward winter.


This bar chart with a trend line showcases the fluctuating number of active listings, reflecting the seasonal changes in Boise's rental market.

Winter Market Outlook

As we head into the winter season, the Boise rental market is expected to stay competitive. While the pace of rental activity may slow slightly, well-maintained, move-in-ready homes will continue to attract attention.

Advice for Landlords:

  • Consider offering shorter-term leases to attract renters who may need flexibility during the winter months.

  • Prepare properties for winter with routine maintenance, including HVAC servicing, gutter cleaning, and weatherproofing.

For Renters:

  • Act quickly when a rental property becomes available. Low inventory and high demand mean properties won’t stay on the market long.

Maximize Your Rental Income

Want to know how your property fits into Boise’s rental market? Get your free rental analysis today and discover how to optimize your rental income this winter.

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