States › Idaho › Preston

Is Preston, ID expensive to live in?

CheapRent takes 16 cents of every $1 people earn here.
🏠 Rent per month (2026)$86051% lower than U.S. average
💵 Families earn per year (2026)$65,831about $5,486/month · 24% lower than U.S. average
🔑 House price$350,3005% higher than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 5.3 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $34,400 a year. That is $17 an hour at a full-time job.

Is rent cheaper than other Idaho cities?

Yes. Rent here is cheaper than in most of Idaho. It is number 2 of 36 cities from cheapest to most expensive.

Preston
$860
Weiser
$946
Rupert
$908
Rigby
$1,879
Fruitland
$846
Kimberly
$1,195
Shelley
$1,675

How much do households earn in Preston?

Under $25k
13.0%
$25k–50k
29.1%
$50k–100k
30.4%
$100k–150k
17.5%
$150k+
4.4%

Share of households by yearly income. 21.9% of households earn $100,000 or more.

Rent by apartment size in Preston

SizePrestonU.S. average
1 bedroom$702$1,324
2 bedrooms$836$1,509

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Preston overall?

Everyday prices in Idaho overall are 5% below the U.S. average (index 95.5, U.S. = 100).

Housing
90
Goods (food, clothes…)
96
Utilities
70
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Preston, so the Idaho figure is shown.

Taxes and bills in Preston

🏛️ Property tax$1,587a year · 0.45% of home value · U.S. $3,119
⚡ Electric bill$96a month (typical) · U.S. $156

Life in Preston

Commute to work23.6 minU.S.: 26.4 min
College degree17.3%U.S.: 35.7%
Own their home68.9%U.S.: 65.2%
Below poverty line11%U.S.: 12.5%
Unemployment2.7%U.S.: 5.2%

Is it cheaper to rent or buy in Preston?

Renting is cheaper right now: about $1,571 a month less.

Renting
$860
Owning
$2,431

Owning assumes a typical $350,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $35,030 for the down payment.

Frequently asked questions

What is the average rent in Preston, ID?

Renting in Preston costs a median of about $860 a month in 2026, including utilities. The Idaho median is $1,565.

How much do I need to make to live in Preston?

To keep rent under 30% of income, you need about $34,400 a year, or $17 an hour at a full-time job.

Is Preston cheap or expensive?

Preston is rated Cheap: rent takes 15.7% of the typical household income of $65,831. It ranks 2nd cheapest of 36 Idaho cities we track.

How much are property taxes in Preston?

The median homeowner in Preston pays $1,587 a year in property taxes, about 0.45% of the median home value.

Is Preston more expensive than the national average?

Overall prices in Idaho are 5% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Preston?

The median home value in Preston is $350,300, about 5.3 times the typical yearly household income.

5,928 people live in Preston. Numbers are typical (middle) values.