Last updated
Average Rent in Meridian 83642 & Rent Trends
Rent prices and market trends across 8 apartment communities in Meridian 83642, Meridian, ID. Updated daily.
Market Average
$1,894/mo
▼ 0.4% from last month
Lowest Available
$1,495/mo
cheapest unit on market
Communities
8
tracked daily
Units Listed
65
available now
Price Cuts This Week in Meridian 83642
8 listed units across 3 buildings in Meridian 83642 dropped their asking rent in the past 7 days, an average cut of $77/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Modern Craftsman - Ten Mile | Unit 5 | $2,545 | $2,314 | $231 |
| Altair | Unit A311, One Bedroom | $1,595 | $1,495 | $100 |
| Altair | Unit A408, One Bedroom | $1,615 | $1,515 | $100 |
| Seasons at Meridian | Unit 11, Two Bedroom | $2,211 | $2,146 | $65 |
| Seasons at Meridian | Unit 9, Two Bedroom | $2,165 | $2,105 | $60 |
| Seasons at Meridian | Unit 8, Two Bedroom | $2,105 | $2,080 | $25 |
| Seasons at Meridian | Unit 3, One Bedroom | $1,735 | $1,715 | $20 |
| Seasons at Meridian | Unit 1, One Bedroom | $1,728 | $1,715 | $13 |
Meridian 83642 vs Meridian, ID Average
Meridian 83642 is cheaper than the Meridian, ID average by $41/mo (2%). The citywide average is $1,935/mo across all neighborhoods.
Is Rent Going Up or Down in Meridian 83642?
As of August 2026, the average rent in Meridian 83642 is $1,894 per month across 8 apartment communities and 65 available units. Rents have decreased $8 (0.4%) over the past month.
The most affordable option is Altair starting at $1,495/mo. By unit type, a studio averages $1,570/mo, a 1-bedroom averages $1,685/mo, a 2-bedroom averages $2,072/mo, a 3-bedroom averages $2,627/mo.
Prices range from $1,495 to $2,855 per month. The most common price point is the $1,600 range, where 26 units are currently listed.
Meridian 83642 Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| May 2026 | $1,813 | - | 7 |
| June 2026 | $1,855 | +$42 | 7 |
| July 2026 | $1,827 | -$28 | 8 |
| August 2026 | $1,868 | +$41 | 8 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Meridian 83642
Rent Prices by Apartment in Meridian 83642
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Altair | $1,495/mo | $1,661/mo | 13 | 3.9 |
| Old Town Lofts | $1,578/mo | $1,821/mo | 5 | 5 |
| Aren Apartments | $1,605/mo | $1,745/mo | 6 | 4.2 |
| Olympus at Ten Mile | $1,608/mo | $1,744/mo | 5 | 4.7 |
| Cortland at Ten Mile | $1,641/mo | $1,768/mo | 14 | 4.2 |
| Modern Craftsman - Ten Mile | $1,710/mo | $2,315/mo | 7 | 4.5 |
| Seasons at Meridian | $1,715/mo | $2,172/mo | 14 | 4.6 |
Frequently Asked Questions About Rent in Meridian 83642
What is the average rent in Meridian 83642?
Is rent going up or down in Meridian 83642?
What is the cheapest apartment in Meridian 83642?
How much is a 1-bedroom apartment in Meridian 83642?
How many apartments are available in Meridian 83642?
What salary do I need to live comfortably in Meridian 83642?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$76,000/year
Based on the 30 percent rule, using our tracked average rent of $1,894/mo.
Comfortable income
$91,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,495/mo), you need to earn at least $60,000/year.
Median household income in Meridian 83642 is $98,686 , about 9% above the comfortable-living threshold.
Cost of living in Meridian 83642
Overall prices in Meridian 83642 runs below the national average by about 6% (BEA Regional Price Parity index 94.2, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Meridian 83642's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,894 |
| Utilities | $422 |
| Groceries | $517 |
| Transportation | $1,006 |
| Healthcare | $491 |
| Other goods and services | $785 |
| Estimated total | $5,116/mo |
Population
124,865
Median household income
$98,686
Census median rent
$1,714/mo
Rent as % of income
30.7%
Median age
37.4
Mean commute
22 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Meridian 83642 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Meridian 83642 Apartments
Browse all 8 communities with daily-updated pricing and availability.