Cheapest Neighborhoods in Meridian, ID
Some of the cheapest neighborhoods in Meridian are Old Town Meridian, Southeast Meridian, and Southwest Meridian. These neighborhoods offer some of the lowest rent prices in Meridian, making them ideal for renters on a budget. As of June 12, 2026, the average rent in Meridian is $1,554, which is 3.2% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Old Town Meridian
Average Rent
$1,563/Month
Year-Over-Year Rent Change
0.3%
Units Available
10 Rentals
Old Town Meridian is an affordable neighborhood in Meridian with an average rent price of $1,563. Compare this to the city average of $1,554. In the past year, rent prices have decreased by 0.3%. Old Town Meridian provides easy access to Arboretum Park, Boise National Forest, and 433-453 N Main Street.
Southeast Meridian
Average Rent
$1,684/Month
Year-Over-Year Rent Change
4.4%
Units Available
35 Rentals
If you’re looking for a great, affordable neighborhood in Meridian, Southeast Meridian might be the perfect place! It has an average rent price of $1,684, while the city’s average stands at $1,554. In the last year, prices have increased by 4.4%. Southeast Meridian is near Boise WaterShed, Northwest Nazarene University, and Eagle Island State Park.
Southwest Meridian
Average Rent
$1,801/Month
Year-Over-Year Rent Change
4.2%
Units Available
43 Rentals
Southwest Meridian is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southwest Meridian is $1,801 while the city average is $1,554. This is a 4.2% difference from last year. Residents enjoy convenient access to Arboretum Park, Boise Air Trml/Gowen Field, and Meridian Promenade.
Northwest Meridian
Average Rent
$2,326/Month
Year-Over-Year Rent Change
1.1%
Units Available
70 Rentals
When you’re looking for a great Meridian neighborhood on a budget, check out Northwest Meridian. The average rent is $2,326, compared to the city average of $1,554. Rent prices have increased by 1.1%. Northwest Meridian is convenient to Boise WaterShed, Boise National Forest, and Eagle Island State Park.
Northeast Meridian
Average Rent
$2,368/Month
Year-Over-Year Rent Change
3%
Units Available
65 Rentals
Northeast Meridian is an affordable neighborhood in Meridian with an average rent price of $2,368. Compare this to the city average of $1,554. In the past year, rent prices have increased by 3%. Northeast Meridian provides easy access to Northwest Nazarene University, Arboretum Park, and Esther Simplot Park.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.