If you’re looking for outdoor art, beautiful riverscapes and a touch of European culture, you’re not alone: Welcome to the country’s hottest rental market .
Boise, Idaho , has captured the title after the city’s average rent soared 7.5 percent in the past year, according to an analysis of nationwide data by Apartments.com. The price jump was four times the national average rent increase. More widely, Idaho saw rents rise 5.4 percent, the largest increase of any state.
Boise’s average rent is $1,578 - still around $100 lower than the national average. The average rental size is 670 square feet, according to Apartments.com.
While Boise offers a great outdoors lifestyle packed with hiking, biking and skiing, there was also one standout factor, the research found: a $50 billion expansion of a memory chip manufacturer in the area which will create thousands of jobs.
“Micron Technology’s multibillion-dollar semiconductor expansion represents an important long-term demand driver, with the potential to support…