How many renters live in Idaho Falls, Idaho?
The City of Idaho Falls has people living in households.
There are renters living in renter households in this City. Renters make up 23.87 percent of the population living in Idaho Falls.
What is the rental market like in Idaho Falls, Idaho?
There are an estimated housing units in the Idaho Falls area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Idaho Falls, Idaho, there are 1.27 rental units.
What is the vacancy rate for rentals in Idaho Falls?
The rental vacancy rate in Idaho Falls is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Idaho Falls for each bedroom size?
Occupied Rental Units by Size in Idaho Falls
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 426 | 1,941 | 4,102 | 1,471 | 561 |
Occupied Rental Units by Size in Idaho Falls
A large number of apartments in Idaho Falls have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Idaho Falls
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $803 to $1,863. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $803 |
| One BR | $903 |
| Two BR | $1,098 |
| Three BR | $1,546 |
| Four BR | $1,863 |
2024 Fair Market Rents in Idaho Falls, Idaho
How many units are rented at Fair Market Rent (FMR) in Idaho Falls?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 161 | 38 percent |
| One BR | 1,275 | 66 percent |
| Two BR | 3,071 | 75 percent |
Rental Units Below FMR in Idaho Falls, Idaho
How many affordable rental units are in Idaho Falls?
There are a variety of federal affordable housing programs serving households in Idaho Falls, Idaho including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly | |
| Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Idaho Falls, Idaho
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Idaho Falls, Idaho
Idaho Falls features 267 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Idaho Falls, Idaho
There are 673 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Idaho Falls.
Housing Choice Vouchers in Idaho Falls, Idaho
On average, Section 8 Housing Choice vouchers pay Idaho Falls landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Idaho Falls.
The maximum amount a voucher would pay on behalf of a low-income tenant in Idaho Falls, Idaho for a two-bedroom apartment is between $988 and $1,208.
Sourced from federal housing data and AffordableHousingOnline.com research.