Homes & Apartments for Rent near Wallace, ID

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What to Know About

Life in Wallace & Beyond

Wallace shares many of the great qualities that make Idaho a desirable place to live.

Idaho is the gem of the Rocky Mountains and is renowned for its jagged and majestic mountain peaks, verdant forests, and miles and miles of rolling hills. There are numerous cities and small towns throughout the state, each offering unique experiences, from the bustling capital city of Boise to the historic town of Coeur d'Alene. Immerse yourself in Idaho's rich history by exploring its many historical sites and monuments, such as the Idaho State Historical Museum and the Warhawk Air Museum, or expand your knowledge at the University of Idaho, Boise State University, and Idaho State University.

The state offers endless opportunities for outdoor recreation, from skiing or mountain biking in the Sawtooth Mountains to walking along the Snake River or fishing in the Salmon River. Explore famous attractions like the Sun Valley Resort, the Craters of the Moon National Monument, and the historic town of Wallace. Idaho's natural beauty is unparalleled, and there are many ways to experience it.

With its breathtaking landscapes, thriving economy, and endless opportunities for outdoor recreation, Idaho is the perfect place for those seeking adventure and a high quality of life.

Rental Market Trends

Wallace, ID

As of June 2026, Wallace's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Wallace's average rent is 44.1% ($664) lower than the Idaho average of $1,504 and 53.3% ($957) lower than the U.S. average of $1,797.

Average Rent
$840
Monthly ChangeMonth Over Month Change
Increased1% ($8)
Yearly ChangeYear Over Year Change
No change
Avg. Days on MarketAverage Days on Market
41
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $820 Increased0.1% ($1) No change
2 Beds $953 Increased0.1% ($1) No change
3 Beds $1,187 Increased0.1% ($1) No change
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Wallace Rental Market FAQs

Explore rental prices, market trends, and availability in Wallace, ID.

The average rent in Wallace, ID is $840 per month.
Homes in Wallace typically rent for between $600 and $1,543 per month, with an average of $840 per month.
In Wallace, the average rent for a 1-bedroom home is $820 per month, for a 2-bedroom home, $953 per month, and a 3-bedroom home is $1,187 per month.
The average rent in Wallace is 53.3% ($957) lower than the national average of $1,797 per month.
The rental market in Wallace, ID, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Wallace, ID, the average rental stays on the market for approximately 41 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $38,120 to comfortably afford a 2-bedroom home in Wallace.
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