Meridian, ID Rental Market Trends
Highlights
The average rent for an apartment in Meridian is $1,224, a 10% increase compared to the previous year, when the average rent was $1,112.
Average Rent in Meridian, ID
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,224 | 10% | 995 sq. ft. |
The average size for a Meridian, ID apartment is 995 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Meridian, ID Apartment Rent Ranges
- $701-$1,00014%
- $1,001-$1,50081%
- $1,501-$2,0005%
Meridian, ID Occupied Housing Units
- Renter-occupied Households29%
- Owner-occupied Households70%
9,894 or 29% of the households in Meridian, ID are renter-occupied while 23,307 or 70% are owner-occupied.
Meridian, ID Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Meridian, ID | $1,015 | $1,018 | $1,014 | $1,066 | $1,087 | $1,106 | $1,112 | $1,180 | $1,183 | $1,224 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
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How Does Meridian Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Boise City | $1,186 | 7% |
| Meridian | $1,224 | 10% |
| Kuna | $1,243 | 13% |
| Garden City | $1,199 | 22% |
| Eagle | $1,289 | 53% |
| Avimor | $1,199 | 22% |
| Hidden Spring | $1,199 | 22% |
For more information about the Meridian rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
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 apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.