Idaho Apartment Loan Rates
| ID Apartment Loan Rates Less Than $6 Million | Free Loan Quote | ||
|---|---|---|---|
| Loan Type | Rate* | LTV | |
| Apartment Loan 5 Yr Fixed | 5.70% | Up to 80% | |
| Apartment Loan 7 Yr Fixed | 5.74% | Up to 80% | |
| Apartment Loan 10 Yr Fixed | 5.80% | Up to 80% | |
*Rates start as low as the rates stated here. Your rate, LTV, and amortization will be determined by underwriting.
Want a personalized quote? Click here to request a customized loan quote for your Idaho apartment property.
Need a multifamily loan over $6 million? Visit our Idaho multifamily loan page. For other commercial property types, explore our Idaho commercial mortgage options. To compare all rates nationwide, see commercial mortgage rates.
2026 Idaho Apartment Loan Market Overview
Entering 2026, Idaho continues to stand out as one of the fastest-growing apartment markets in the Mountain West. For borrowers evaluating apartment loans, the state benefits from sustained in-migration, strong household formation, and a relatively limited supply pipeline compared to larger Sun Belt markets. While construction activity increased in prior years, development is now moderating, allowing apartment building financing to be structured around tightening vacancy and improving rent stability.
Boise Anchors Idaho Apartment Loans
Boise remains the primary driver of apartment activity across Idaho. In 2026, the metro is projected to add approximately 8,000 jobs, deliver roughly 3,000 units, maintain vacancy near 5.5%, and reach average effective rent around $1,650 per month. For borrowers seeking an apartment building loan, Boise offers a balance of growth, affordability relative to coastal markets, and strong renter demand.
Nampa Expands the Boise Metro Growth Story
Nampa continues to benefit from spillover demand from Boise and broader regional population growth. The city has a population of approximately 110,000, median household income near $70,000, median rent around $1,500, and median home value near $420,000. These fundamentals support continued interest from apartment lenders targeting workforce and mid-tier housing.
Meridian Adds High-Income Suburban Demand
Meridian represents one of the higher-income suburban apartment markets in Idaho. The city has a population of approximately 130,000, median household income near $85,000, median rent around $1,700, and median home value near $500,000. This profile supports stable occupancy and strong long-term rent positioning for apartment assets.
Rent Levels Reflect Continued In-Migration
Idaho continues to show upward rent pressure driven by migration and limited housing supply. Boise is projected near $1,650 per month, while surrounding markets such as Meridian and Nampa reflect slightly varied price tiers. This allows flexibility when structuring apartment loans across different property types and renter profiles.
2026 Idaho Apartment Loan Market Forecast
- Employment: Boise is projected to add approximately 8,000 jobs.
- Construction: Boise is projected to deliver roughly 3,000 units.
- Vacancy: Vacancy is projected near 5.5%.
- Rent: Average effective rent is projected near $1,650 per month.
For investors comparing apartment loans in Idaho, 2026 presents a growth-oriented market anchored by Boise and supported by expanding suburban cities. The combination of population growth, improving supply conditions, and rising income levels continues to support long-term apartment investment.
2026 Augusta Georgia Apartment Loan Market Overview
Augusta is Georgia's second-largest city and a stable workforce housing market for apartment loans in Georgia. The city has a population of approximately 201,590 residents as of 2026 with the broader metro area supported by Fort Gordon, Augusta University Medical Center, and the Savannah River Site as anchor employers. There are approximately 35,542 renter-occupied households in Augusta, representing 49% of all occupied housing units. Current data points to an average apartment rent of approximately $1,225 per month as of early 2026, rents up approximately 2.5% year-over-year, and a rental market that remains approximately 33% below the national average, making Augusta one of the most affordable secondary markets for Georgia apartment loans. The city's lower cost basis and institutional employment anchors support consistent long-term renter demand.
Apartment Loan Rates and Financing Conditions in Augusta
For borrowers seeking an apartment building loan in Augusta, the market supports financing across workforce housing, smaller apartment communities, and stabilized rental properties anchored by government and healthcare employment. The median home value in Augusta is approximately $163,376, well below the Georgia and national averages, creating a low acquisition cost environment that supports favorable initial yields. Fort Gordon, home to the United States Army Cyber Command and the Georgia Cyber Innovation and Training Center, has emerged as one of the most significant military and technology employment hubs in the Southeast, providing a durable renter base. For borrowers evaluating Georgia apartment building financing, Augusta's low price basis, institutional employment, and consistent rent growth of approximately 2.5% year-over-year provide a practical and predictable underwriting environment.
Key Market Trends Driving Apartment Demand in Augusta
Augusta's rental market benefits from three distinct and largely recession-resistant demand pillars: military and government employment at Fort Gordon, healthcare and academic employment through Augusta University and Augusta University Medical Center, and the Savannah River Site, one of the largest federal nuclear facilities in the country. Renters in the 25 to 34 age group make up the largest share of Augusta's renter pool at 30%, followed by the 35 to 44 age group at 21%, reflecting a mix of military families, young professionals, and healthcare workers. Approximately 50% of all Augusta rentals are family households, with 34% including children under 18, supporting longer tenancies and stable renewal rates. These characteristics continue to attract Georgia apartment lenders evaluating affordable workforce housing opportunities in the state.
Average Rent Levels and Unit Pricing in Augusta in 2026
As of early 2026, the average apartment rent in Augusta is approximately $1,225 per month, up approximately 1.33% from $1,209 the prior year. By unit type: studios average approximately $1,042/month, one-bedrooms average approximately $1,095/month, two-bedrooms average approximately $1,244/month, and three-bedrooms average approximately $1,581/month. Approximately 57% of all Augusta rentals are priced between $1,001 and $1,500 per month, reflecting a predominantly workforce-oriented rental base. The West End Augusta submarket commands the highest rents in the city at approximately $1,612/month. These rent levels support practical underwriting for apartment loans where lower acquisition costs and stable institutional employment drive the return profile.
Augusta Apartment Supply, Demand, and Vacancy in 2026
Augusta carries a moderate supply pipeline that has remained balanced with absorption throughout the current cycle, providing consistent underwriting visibility for stabilized assets. Two-bedroom units make up the largest share of the rental inventory at approximately 42% of all units, consistent with the city's family household and military family demographic. Approximately 46% of Augusta's rental stock was built between 1960 and 1989, creating significant value-add repositioning opportunities for investors willing to upgrade vintage product. The city's cost of living is approximately 36% below the national average, reinforcing rental demand from workforce households who prioritize affordability. For borrowers pursuing apartment building financing in Georgia, Augusta's balanced supply-demand profile and institutional employment base support a stable and predictable underwriting environment.
Apartment Investment Opportunities in Augusta in 2026
Investors pursuing apartment loans in Augusta in 2026 are focused on stable income-producing assets near Fort Gordon, Augusta University Medical Center, and major healthcare corridors, as well as value-add acquisitions in the city's large 1960s through 1980s vintage rental stock. The Masters Tournament creates an annual economic boost that supports premium short-term and furnished rental demand, adding an additional income layer for well-located properties. Low acquisition costs, consistent rent growth of approximately 2.5% to 2.9% annually, and a largely recession-resistant employment base make Augusta one of the most predictable secondary markets for investors in the state. For Georgia apartment lenders evaluating the state beyond Atlanta, Augusta offers a distinct institutional demand profile and lower acquisition cost basis that supports strong cash-on-cash returns for apartment building loans across the metro.
2026 Nampa Idaho Apartment Loan Market Overview
Nampa is Idaho's second-largest city and one of the fastest-growing markets in the state for apartment loans in Idaho. The city has a population of approximately 125,310 residents as of 2026, growing at approximately 3.28% annually, a population increase of approximately 23.54% since the 2020 census. The median household income is approximately $74,279, and the median home value is approximately $382,700 as of 2024. There are approximately 10,680 renter-occupied households in Nampa, representing 29% of all occupied housing units. Current data points to an average apartment rent of approximately $1,544 per month, rents up approximately 2.3% year-over-year, and a rental vacancy rate of approximately 4%, one of the tighter vacancy profiles among major Idaho apartment loan markets in the Treasure Valley.
Apartment Loan Rates and Financing Conditions in Nampa
For borrowers seeking an apartment building loan in Nampa, the market supports financing across workforce housing, mid-tier stabilized properties, and assets positioned to capture spillover demand from the Boise metro area. Nampa's median home value of approximately $382,700 keeps a meaningful share of the rapidly growing workforce in the rental market, particularly given the city's position as a more affordable entry point into the Treasure Valley compared with Boise and Meridian. Rents in Nampa are approximately 12% below the national average, providing a lower acquisition cost basis that supports favorable initial yields. For borrowers evaluating Idaho apartment building financing, Nampa's combination of rapid population growth, rising household incomes, and moderate rent levels provides a practical underwriting foundation.
Key Market Trends Driving Apartment Demand in Nampa
Nampa continues to benefit from regional population growth driven by in-migration from California and the Pacific Northwest, strong employment expansion in healthcare, manufacturing, food processing, and technology, and its strategic position as the most affordable major city in Idaho's Treasure Valley. Major employers including Amazon, St. Luke's Nampa Medical Center, Plexus Corp., and the Nampa School District provide diverse employment demand that underpins consistent renter activity. The median household income grew approximately 7.09% year-over-year to approximately $72,122 as of 2023, outpacing inflation and supporting renters' capacity to absorb gradual rent increases. Renters in the 25 to 34 age group make up the largest share of Nampa's renter pool at 31%, and approximately 61% of all Nampa rentals are family households, reflecting a stable, longer-tenure renter base that continues to attract Idaho apartment lenders evaluating Treasure Valley opportunities.
Average Rent Levels and Unit Pricing in Nampa in 2026
As of February 2026, the average apartment rent in Nampa is approximately $1,544 per month, up approximately 2.3% year-over-year. The 2024 median gross rent for Nampa was approximately $1,497 per Census data. By unit type: studios average approximately $1,312/month, one-bedrooms average approximately $1,362/month, two-bedrooms average approximately $1,512/month, and three-bedrooms average approximately $1,663/month. Approximately 51% of all Nampa rentals are priced between $1,501 and $2,000 per month. Two-bedroom units make up the largest share of the rental inventory at approximately 51% of all available units. These rent levels support consistent underwriting for apartment loans in Idaho where workforce household demand and population growth drive stable occupancy.
Nampa Apartment Supply, Demand, and Vacancy in 2026
Nampa carries a tight rental vacancy rate of approximately 4%, below the national average, reflecting a market where supply has not kept pace with the city's rapid population expansion of approximately 23.54% since 2020. Approximately 44% of Nampa's rental stock was built between 1990 and 2009, providing a meaningful inventory of stabilized mid-tier assets for investors, alongside newer product that commands higher rents. The city's area median income of approximately $108,800 at the metro level supports continued household formation and renter demand across price tiers. For borrowers pursuing apartment building financing in Idaho, Nampa's tight vacancy, consistent rent growth, and rapid population expansion support a constructive underwriting environment on stabilized workforce assets.
Apartment Investment Opportunities in Nampa in 2026
Investors pursuing apartment loans in Nampa in 2026 are targeting stable income-producing workforce housing assets, value-add acquisitions in the city's 1990s and 2000s vintage rental stock, and properties positioned near major employment corridors on the east side of the city. Nampa's affordability advantage relative to Boise, where apartment rents average approximately $1,514/month for comparable product, continues to attract renters priced out of the state capital. The city's annual population growth rate of approximately 3.28% is among the fastest in Idaho, creating persistent structural demand for rental housing. For Idaho apartment lenders evaluating the Treasure Valley, Nampa offers a distinct growth-driven demand profile, tight vacancy, and rising household incomes that support strong long-term performance for apartment building loans across the metro.
2026 Meridian Idaho Apartment Loan Market Overview
Meridian is one of the fastest-growing cities in the United States and a premium suburban market for apartment loans in Idaho. The city has a population of approximately 149,862 residents as of 2026, growing at approximately 3.5% annually, a population increase of approximately 25.41% since the 2020 census. The median household income is approximately $100,795, the highest among major Treasure Valley cities, and the median property value is approximately $531,600 as of 2024. There are approximately 10,879 renter-occupied households in Meridian, representing 24% of all occupied housing units as of January 2026. Current data points to an average apartment rent of $1,721 per month as of January 31, 2026, rents up 0.94% year-over-year, making Meridian the highest-rent primary market for Idaho apartment loans in the Treasure Valley corridor.
Apartment Loan Rates and Financing Conditions in Meridian
Financing conditions for Idaho apartment loans remain favorable in Meridian in 2026, particularly for stabilized suburban assets near major employment and retail corridors. Meridian's median property value of approximately $531,600 as of 2024, up dramatically from $89,900 in 2000, creates significant homeownership barriers for the growing workforce population, channeling a consistent share of households into the rental market. The city's poverty rate of just 6%, compared to the national average of 12.4%, reflects a high-income, professionally employed renter base. For borrowers seeking an apartment building loan in Meridian, the city's premium income profile, tight rental market, and rapid population growth provide a strong and predictable underwriting foundation within the broader Idaho apartment building financing landscape.
Key Market Trends Driving Apartment Demand in Meridian
Meridian continues to attract in-migration from California, the Pacific Northwest, and other high-cost states drawn by Idaho's quality of life, no state income tax on retirement income, and lower overall cost of living relative to coastal markets. The city's median household income grew approximately 5.78% year-over-year to approximately $98,686 as of 2023, one of the strongest income growth rates among Idaho's major cities. Renters in the 35 to 44 age group make up the largest share of Meridian's renter pool at 26%, followed by the 25 to 34 age group at 24%, reflecting a more mature, higher-income renter demographic than most Idaho markets. Approximately 58% of all Meridian rentals are family households, with 36% including children under 18, supporting longer tenancies and consistent renewals. These fundamentals continue to attract Idaho apartment lenders evaluating premium suburban opportunities in the state.
Average Rent Levels and Unit Pricing in Meridian in 2026
As of January 31, 2026, the average apartment rent in Meridian is $1,721 per month, up 0.94% from $1,705 the prior year. By unit type: one-bedrooms average $1,481/month, two-bedrooms average $1,756/month, and three-bedrooms average $2,079/month. Approximately 56% of all Meridian rentals are priced between $1,501 and $2,000 per month. The Northwest Meridian submarket commands the highest rents in the city at approximately $3,137/month for one-bedroom units. These rent levels support strong underwriting for apartment loans in Idaho on stabilized assets where a high-income renter base and low vacancy drive consistent occupancy and renewals.
Meridian Apartment Supply, Demand, and Vacancy in 2026
Meridian's rental inventory skews heavily toward newer construction, with approximately 33% of units built between 2010 and 2019 and 25% between 2000 and 2009, giving the market one of the most modern rental housing stocks among major Idaho apartment loan markets. Two-bedroom units make up the largest share of the inventory at approximately 43% of all units, consistent with the city's family household and young professional demographic. The city's 24% renter-occupied rate is notably lower than most major metros, reflecting the premium homeownership culture, but the rapid population growth of approximately 3.5% annually and rising home values create a consistent pipeline of households entering or remaining in the rental market. For borrowers pursuing apartment building financing in Idaho, Meridian's newer inventory, high-income renter base, and population growth trajectory support a constructive long-term underwriting outlook.
Apartment Investment Opportunities in Meridian in 2026
Investors pursuing apartment loans in Meridian in 2026 are focused on long-term appreciation, stable cash flow from newer stabilized assets, and opportunities in emerging growth corridors on the north and northeast sides of the city where new development and retail expansion are driving demand. Meridian's median household income of approximately $100,795 is the highest among Idaho's major cities, supporting above-average rents and strong rent growth potential as the population continues expanding at approximately 3.5% per year. The city's position as a direct suburb of Boise, with an average commute of just 22 minutes, reinforces its appeal to professionals employed throughout the Treasure Valley. For Idaho apartment lenders evaluating the state's premium tier, Meridian offers the highest household income, a rapidly growing population base, and a newer rental housing stock that supports strong long-term performance for apartment building loans in the metro.
Why Choose Select Commercial for Apartment Loans
What sets Select Commercial apart from traditional lenders and large banks? In this short video, we highlight the key reasons apartment building investors choose to work with us for Idaho apartment loans between $1.5 million and $6 million. We also actively finance multifamily loans exceeding $6 million.
Here’s what the video touches on:
- No upfront application or processing fees
- Fast written pre-approvals often within 24 hours
- Access to a wide range of apartment lenders, not just one bank
- Loan structures tailored to your property and investment goals
Apartment Property Types We Finance in Idaho
At Select Commercial, we arrange financing for a wide range of Idaho apartment buildings, from smaller 5+ unit walkups to large portfolios of rental properties. Whether your property is urban, suburban, or mixed-use, we can help you secure the right loan structure based on your investment goals.
- Urban mid-rise and high-rise apartment buildings
- Suburban garden-style apartment complexes
- Small apartment buildings with 5+ units
- Mixed-use properties with residential and limited commercial space
- Underlying co-op apartment building loans
- Portfolios of small apartment or single-family rental properties
- Stabilized buildings with strong cash flow and rent history
If you're not sure whether your property qualifies, contact us for a free quote and we'll review your deal and let you know within 24 hours.
Recent Apartment Loan Closings
Why Idaho Borrowers Choose Select Commercial
Thousands of apartment building investors trust Select Commercial for our direct, transparent approach and proven expertise in the Idaho apartment loan market. We're not just brokers, we provide personalized service, fast answers, and access to top institutional lenders without the bureaucracy of traditional banks.
- Over 30 years of apartment loan experience with a national platform
- No upfront fees and fast pre-approvals, often within 24 hours
- Direct access to top lenders offering aggressive terms
- Dedicated support from quote to closing
Want to see why so many clients return to us for their next deal? Start with a free quote – we'll review your scenario and respond quickly.
Our Reviews
Latest Expert Insights from Stephen A. Sobin
Stephen A. Sobin, the president of Select Commercial Funding LLC, is a renowned expert in the field of multifamily financing. His insights and perspectives are regularly sought by leading industry publications. Here are his latest contributions that highlight his deep understanding of the multifamily financing landscape and his commitment to providing clear, insightful analysis on key industry issues.
Navigating Opportunity, Risk as 2025 Winds Down
In an article for Commercial Property Executive titled "Navigating Opportunity, Risk as 2025 Winds Down", Sobin explains as we head into the final stretch of 2025, the commercial real estate industry stands at a pivotal moment. After several years of upheaval—from pandemic disruptions to aggressive Federal Reserve rate hikes and lasting shifts in how people live and work—the sector is entering a new phase.
Why Lower Rates Haven't Fixed Commercial Real Estate
In an article for Wealth Management titled "Why Lower Rates Haven't Fixed Commercial Real Estate", Sobin explains that even as the Federal Reserve has begun cutting rates and borrowing costs should be falling, the commercial real estate sector remains locked in a frustrating stalemate. For high-net-worth investors trying to time the market, he emphasizes that understanding this disconnect requires looking beyond the headlines.
Why the Fed Rate Cut’s a Game Changer for CRE
In an article featured in Multi-Housing News, Stephen Sobin highlighted that after months of speculation and market anticipation, the Federal Reserve finally pulled the trigger last week, cutting the federal funds rate by 25 basis points to 4.00 to 4.25 percent. read the full article.
Inflation's Current Impact on Apartment
In an article featured in Multi-Housing News, Sobin explains how commercial mortgage rates continue to challenge investors, with elevated inflation depressing real estate market activity. Read the full article.
Will the July Jobs Report Pressure the Fed to Act?
Sobin noted in Multi-Housing News that unemployment hit a three-year high and job creation slowed significantly, factors that could push the Fed to reconsider future rate hikes. Read the full article.
Persistent Inflation and Its Effects on CRE
In an article featured in Multi-Housing News, Stephen Sobin highlighted that while inflation is still a challenge for the Federal Reserve, there are many positive signs for the commercial real estate industry. The headline Consumer Price Index rose 3.2 percent for the year ended Feb. 29, a figure 20 basis points lower than the Dec. 31, 2023, rate. read the full article.
Commercial Spotlight: Mid-Atlantic Region In this four-state powerhouse, smaller metros are thriving.
In a feature in Scotsman Guide, the Mid-Atlantic Region's real estate dynamics are explored, highlighting its resilience and growth amidst the pandemic.
Stephen Sobin of Select Commercial Funding LLC shared insights on the New York market's allure and the challenges buyers face. He noted the shift from primary urban areas to tertiary markets due to evolving preferences and financial conditions. For a deeper dive into Sobin's analysis, read the full article.
What the New Jobs Report Means for CRE
In an article titled "What the New Jobs Report Means for CRE" in Commercial Property Executive, Stephen Sobin shared his perspective on the latest jobs report and its implications for the Commercial Real Estate (CRE) sector. He highlighted the challenges posed by high interest rates and the prevailing uncertainty in the market. Sobin remarked, "Sellers aren’t selling, buyers aren’t buying... Everyone is waiting because no one knows what to expect." For a detailed analysis and more of Sobin's insights, read the full article.
Decoding "Junk Fees" in Rental Housing
In another latest contribution to Multi-Housing News, Sobin provided expert commentary in an article titled "What's Next for Junk Fees? The Industry Weighs In". He clarified the difference between legitimate fees collected for various third-party services and so-called "junk fees". Sobin emphasized the importance of borrowers understanding their rights in negotiating all loan terms and the obligation of lenders to disclose all fees.
Understanding the Impact of Federal Reserve's Decisions
In a recent article titled "How the Fed's Pause on Interest Rates Impacts Multifamily" published by Multi-Housing News, Sobin shared his expert insights on the Federal Reserve's decision to pause interest rate hikes. He accurately predicted that the Fed would not raise rates in June, citing recent bank failures and lingering concerns about a potential recession.
Stay tuned for more expert insights from Stephen A. Sobin on the evolving multifamily financing landscape.
Frequently Asked Questions About Idaho Apartment Loans
Idaho apartment loan rates vary depending on several factors such as loan-to-value ratio (LTV), property type, borrower experience, and market conditions. As of 2025, rates remain elevated due to ongoing inflation concerns, but borrowers with strong credit and high-quality assets can still find competitive pricing. Check our latest apartment loan rates for current updates.
Most lenders require a DSCR of at least 1.25, good borrower credit, net worth, liquidity, and experience. Loan-to-value ratios in 2025 typically range from 65% to 80%, due to elevated interest rates. Properties with strong occupancy and clean financials stand a better chance of qualifying.
Most lenders require 20% to 25% down for apartment loans in Idaho. Your loan-to-value ratio will be subject to the property's debt service coverage ratio.
A qualified broker like Select Commercial can present your loan to many different capital sources, including banks, credit unions, CMBS, agency lenders, and private funds. This increases the odds of approval and helps you secure the most favorable terms available.
The process starts with gathering financials like a rent roll, trailing 12-month income and expense statement, borrower resume, and net worth statement. A mortgage broker will analyze your documents and match you with the best lending program. Start with a Free Quote today.
Absolutely. While this page focuses on apartment loans under $6 million, Select Commercial also arranges smaller balance loans for qualified borrowers. Visit our multifamily loan page for options over $6 million.
Agency Small Balance Apartment Loan Programs
Select Commercial connects borrowers with top-tier agency small balance loan programs in addition to bank and private capital options. Featured programs include:
- Fannie Mae® Small Loan Program – For apartment properties with 5+ units and loan sizes from $1 million to $6 million
- Freddie Mac® Small Balance Loan (SBL) Program – Streamlined financing solutions up to $6 million
- Loans Over $6 Million – Explore large-balance apartment loan programs in Idaho
These agency-backed options offer competitive fixed rates, non-recourse terms, and simplified underwriting for qualified apartment investors.
Idaho Apartment Building Financing
Select Commercial provides apartment building financing and Idaho commercial mortgages throughout the state of Idaho including but not limited to the areas below.