$0
Average Rent
$1,617 average rent in Boise, Q1 2026
0%
Occupancy Rate
94% occupancy rate Boise, Q1 2026
0
T4Q Net Absorption
2,118 T4Q net absorption in Boise, Q1 2026
0%
Annual Rent Change
2% annual rent change in Boise, Q1 2026
0
BPS Annual Occupancy Change
30 BPS annual occupancy change in Boise, Q1 2026
0
T4Q Unit Completions
1,397 T4Q net absorption in Boise, Q1 2026
KEY TAKEAWAYS
- Demand momentum is accelerating — Q1 2026 absorption of 516 units nearly doubled the prior quarter’s 286 units, and trailing 12-month absorption of 2,118 units has outpaced 1,397 deliveries.
- The active pipeline of 1,696 units (3.8% of inventory) is rebuilding after a 60% drop in trailing completions, with 1,420 units started over the past year; Meridian’s 892 units under construction represents the market’s most significant near-term supply risk.
- Average effective rents reached $1,610, up 2.3% year-over-year, while stabilized occupancy of 93.7% improved 30 basis points annually.
MARKET OUTLOOK
Boise enters mid-2026 at a constructive inflection point. The delivery wave has clearly subsided — trailing completions are down 60% from their prior-period peak — and demand has responded, with absorption outpacing…
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