Cheap Homes for Rent in American Falls, ID from $500 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in American Falls.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

American Falls, ID Local Guide

Cheapest Available American Falls Apartments for Rent and Nearby

 

The cheapest available apartment rental in American Falls, ID is a Studio unit found at Gate City Apartments priced from $450. 538 N. Main Street has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable American Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Gate City Apartments0BR/1.0BAStudio,1BA$450
538 N. Main Street0BR/1.0BAStudio,1BA$625
723 W. Lewis Street0BR/1.0BAStudio,1BA$625

Best Value Apartments for Rent in American Falls, ID and Nearby

As of July 30, 2025 the best value apartment in the American Falls area is the $0.73 price per square foot Live/Work Model at Chicane Apartments at the Riverwalk in the in the Downtown Idaho Falls neighborhood starting from $1,750. The second greatest value American Falls apartment is the 2x2 TH Model at VALO at Olive Plaza starting at $1,799 with a $1.37 price per square foot . Here is today’s list of the best values for American Falls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Chicane Apartments at the RiverwalkLive/WorkStudio ,1BA$0.73
VALO at Olive Plaza2x2 TH2BR,2BA$1.37
Sparrow Hill2 bedroom 2 bath2BR,2BA$1.30
Sage Point Village2x2 - 3rd Floor - $1,3752BR,2BA$1.29
Teton Oasis Apartments2 Bedroom/ 2 Bath2BR,2BA$1.39
Manchester United1 Bed, 1 bath1BR,1BA$1.55
1160 South 4th Avenue1BR/1.0BA1BR,1BA$1.38
Gate City Apartments0BR/1.0BAStudio ,1BA$0.90
723 W. Lewis Street0BR/1.0BAStudio ,1BA$1.25
Rosewood0BR/1.0BAStudio ,1BA$1.39

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Frequently Asked Questions about American Falls

What type of rentals are currently available in American Falls?

There are currently 54 Apartments for Rent in American Falls, ID with pricing that ranges from $450 to $7,086. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in American Falls ranging from $525 to $2,800.

What is the current price range for Rental Homes in American Falls?

Today's rental pricing for Homes for Rent, Condos and Townhomes in American Falls ranges from $525 to $2,800 with an average monthly rent of $1,600.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.