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Rent Inflation in Boise City, ID

The average asking rent in Boise City, ID is $1,906/month as of 2026-07. That is +5.5% compared to a year ago.

Source: Zillow Observed Rent Index (ZORI) | zillow.com/research

Current Avg Rent

$1,906/mo

as of 2026-07

Year-over-Year Change

+5.5%

24-Month Rent Trend

Monthly ZORI index values for Boise City, ID.

Month Avg Asking Rent Change from Prior Month
2026-07 $1,906 +1.33%
2026-06 $1,881 +1.24%
2026-05 $1,858 +0.98%
2026-04 $1,840 +0.93%
2026-03 $1,823 +1.17%
2026-02 $1,802 +1.01%
2026-01 $1,784 +0.11%
2025-12 $1,782 -0.22%
2025-11 $1,786 -0.45%
2025-10 $1,794 -0.33%
2025-09 $1,800 -0.44%
2025-08 $1,808 +0.06%
2025-07 $1,807 +0.61%
2025-06 $1,796 +0.96%
2025-05 $1,779 +1.02%
2025-04 $1,761 +0.57%
2025-03 $1,751 +0.63%
2025-02 $1,740 +0.52%
2025-01 $1,731 +0.17%
2024-12 $1,728 -0.40%
2024-11 $1,735 -0.80%
2024-10 $1,749 -0.40%
2024-09 $1,756 -0.23%
2024-08 $1,760

Why Rent Inflation Matters

Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.

When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.

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Data Source

Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices