
Cheap Homes for Rent in Challis, ID from $500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Challis.


108 S Washington St
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.

808 N 15th St

890 2nd St
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

How much does it cost to rent a home in Challis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Challis 2 Bedroom Homes for Rent | $2,315 | $1,650 | $3,900 |
| Challis 3 Bedroom Homes for Rent | $3,082 | $1,650 | $4,250 |
| Challis 4 Bedroom Homes for Rent | $4,218 | $1,350 | $8,500 |
| Challis 5 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Top Homes for Rent in Challis
Explore Challis
Challis, ID Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Best Value Apartments for Rent in Challis, ID and Nearby
As of June 23, 2026 the best value apartment in the Challis area is the $2.35 price per square foot 2x2C Model at Riverline in the in the Downtown Boise neighborhood starting from $2,350. The second greatest value Challis apartment is the 2 Bed 2 Bath Model at Lido Apartment Homes @ Hailey, ID starting at $2,395 with a $2.64 price per square foot . Here is today’s list of the best values for Challis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Riverline | 2x2C | 2BR,2BA | $2.35 |
| Lido Apartment Homes @ Hailey, ID | 2 Bed 2 Bath | 2BR,2BA | $2.64 |
| Highland Springs | The Waterside | 2BR,1BA | $1.72 |
| Clearwater Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.86 |
| Saddle Lofts Apartments | 1x1 w/ Den 702sf Type B | 1BR,1BA | $2.84 |
| Broadstone Saratoga | Patterson | 1BR,1BA | $3.43 |
| Arthur | A1 | 1BR,1BA | $4.89 |
| Jefferson West | 1 Bed 1 Bath Medium Reno | 1BR,1BA | $2.71 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Challis, ID Rentals by Map
See the most popular apartments and homes in Challis, ID
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 $8,500.
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 $8,500 with an average monthly rent of $2,410.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.