Lee & Assosciates 2025 Q3 Boise ID Multifamily

Market Overview

‍Boise’s multifamily market appears to be shifting toward stronger balance in Q3 2025, with average asking rent at about $1,600 per unit and occupancy holding near 94.7 percent. Year-to-date net absorption reached around 6,902 units while deliveries were only about 3,171 units, indicating demand is outpacing new supply. With the under-construction pipeline shrinking, the region is well positioned for renewed rent growth.

‍About Lee & Associates

‍Lee & Associates is a national commercial real-estate advisory firm. Their Boise Q3 2025 multifamily market report presents detailed data on rent trends, occupancy, absorption, deliveries and pipeline trends, helping owners, developers and investors refine timing and strategy. To read the full report, click here.