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

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Challis, ID Local Guide

Cheapest Available Challis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Challis, ID is a 1 Bed unit found at Welcome Way Apartments priced from $1,198. 310 Thatcher in the Harrison Blvd neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,230. Here is today’s list of the most affordable Challis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Welcome Way Apartments1 Bed, 1 bath1BR,1BA$1,198
310 Thatcher1 Bedroom 1 Bath 411 sqft1BR,1BA$1,230
Jefferson West1 Bed 1 Bath Medium Reno1BR,1BA$1,274

Best Value Apartments for Rent in Challis, ID and Nearby

As of May 09, 2026 the best value apartment in the Challis area is the $1.70 price per square foot 3BR x 2BA Classic Model at Columbia Village in the in the Southeast Boise neighborhood starting from $1,959. The second greatest value Challis apartment is the A4 Model at The District at Parkcenter starting at $2,150 with a $2.64 price per square foot in the Southeast Boise neighborhood. Here is today’s list of the best values for Challis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Columbia Village3BR x 2BA Classic3BR,2BA$1.70
The District at ParkcenterA41BR,1BA$2.64
Clearwater Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.86
Highland SpringsThe Creekview1BR,1BA$2.06
Lido Apartment Homes @ Hailey, ID1 Bed 1 Bath1BR,1BA$2.73
Arbor Crossing1x11BR,1BA$2.13
Broadstone SaratogaPatterson1BR,1BA$3.43
Jefferson West1 Bed 1 Bath Medium Reno1BR,1BA$2.65
310 Thatcher1 Bedroom 1 Bath 411 sqft1BR,1BA$2.99
LOCAL Boise4BR/4BA - D14BR,4BA$3.65

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Challis

What type of rentals are currently available in Challis?

There are currently 40 Apartments for Rent in Challis, ID with pricing that ranges from $605 to $9,482. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Challis ranging from $550 to $6,500.

What is the current price range for Rental Homes in Challis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Challis ranges from $550 to $6,500 with an average monthly rent of $3,096.

How much are larger Three and Four Bedroom Rentals in Challis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Challis range from $605 to $9,482, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,095 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,235.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.