
Cheap Homes for Rent near Cobalt, ID from $500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Cobalt.


521 Birch St

311 Adams St

515 James St

2 Cherry St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

3 Bennett St

1002 Delaware Ave

1011 E 3rd St

957 N Shoshone Loop

1305 E 2nd St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

2037 Whitman Ave

2021 Johns Ave

928 Utah Ave

854 S Main St

2508 Nettie St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

275 Bowman Rd
Cobalt, ID Local Guide

How much does it cost to rent a home in Cobalt?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cobalt 2 Bedroom Homes for Rent | $1,805 | $1,300 | $3,200 |
| Cobalt 3 Bedroom Homes for Rent | $2,407 | $1,400 | $4,000 |
| Cobalt 4 Bedroom Homes for Rent | $4,350 | $1,500 | $8,500 |
| Cobalt 5 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
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Cobalt, ID Local Guide
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Cheapest Available Cobalt Apartments for Rent and Nearby
 The cheapest available apartment rental in Cobalt, ID is a 1 Bed unit found at Welcome Way Apartments priced from $1,198. Silver Bay Apartments in the West Bench neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,378. Here is today’s list of the most affordable Cobalt apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Welcome Way Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,198 |
| Silver Bay Apartments | Coastal | 1BR,1BA | $1,378 |
| Clearwater Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,395 |
| Kensington Apartments | Ash | 1BR,1BA | $1,455 |
| Highland Springs | The Waterside | 2BR,1BA | $1,510 |
Best Value Apartments for Rent in Cobalt, ID and Nearby
As of July 29, 2026 the best value apartment in the Cobalt area is the $1.57 price per square foot Sawtooth Model at Retreat at Silvercloud in the in the Northwest Garden City neighborhood starting from $1,865. The second greatest value Cobalt apartment is the Plan C Model at River Quarry Apartments starting at $2,275 with a $2.19 price per square foot in the Southeast Boise neighborhood. Here is today’s list of the best values for Cobalt apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Retreat at Silvercloud | Sawtooth | 3BR,2BA | $1.57 |
| River Quarry Apartments | Plan C | 2BR,2BA | $2.19 |
| Highland Springs | The Waterside | 2BR,1BA | $1.72 |
| Arboretum at Barber Station | 1B - One Bedroom | 1BR,1BA | $2.43 |
| Kensington Apartments | Alder | 1BR,1BA | $2.44 |
| Edgewater Apartments | 1BR X 1BA Renovated | 1BR,1BA | $2.07 |
| Clearwater Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.86 |
| Silver Bay Apartments | Coastal | 1BR,1BA | $1.98 |
| The Owyhee Apartments | 1B | 1BR,1BA | $2.31 |
| Gibson | 5th & Idaho | Studio | Studio ,1BA | $3.09 |
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
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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!
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See the most popular apartments and homes in Cobalt, ID
Frequently Asked Questions about Cobalt
What type of rentals are currently available in Cobalt?
There are currently 39 Apartments for Rent in Cobalt, ID with pricing that ranges from $1,029 to $12,000. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cobalt ranging from $550 to $8,500.
What is the current price range for Rental Homes in Cobalt?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Cobalt ranges from $550 to $8,500 with an average monthly rent of $2,290.
How much are larger Three and Four Bedroom Rentals in Cobalt?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Cobalt range from $2,007 to $9,482, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,465.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.