
Cheap Homes for Rent in Cobalt, ID from $500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Cobalt.


326 Lost River Ave

617 N San Felipe Dr

201 Hobson Ave

675 S Main 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.

280 Salmonfly Dr

1612 N 30th St N

318 Doran Ln

973 N Main St

3519 N Woody Ln
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.

3950 Cambria Way
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 | $1,666 | $805 | $2,600 |
| Cobalt 3 Bedroom Homes for Rent | $2,784 | $1,150 | $5,000 |
| Cobalt 4 Bedroom Homes for Rent | $5,100 | $5,000 | $5,200 |
Browse Top Homes for Rent in Cobalt
Explore Cobalt
Cobalt, ID Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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. Vanguard in the Downtown Boise neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. 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 |
| Vanguard | 0x1A | Studio,1BA | $1,300 |
| Cambridge Dorchester Apartment Homes | Dorchester Up | 1BR,1BA | $1,340 |
| The Edge at State | Apartments & Townhomes | Agate | 1BR,1BA | $1,385 |
| Clearwater Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,395 |
Best Value Apartments for Rent in Cobalt, ID and Nearby
As of April 29, 2026 the best value apartment in the Cobalt area is the $1.82 price per square foot 2BR x 2BA Renovated Model at Edgewater Apartments in the in the West Bench neighborhood starting from $1,913. The second greatest value Cobalt apartment is the 3x2 B Model at Arbor Crossing starting at $1,875 with a $1.97 price per square foot in the West Bench 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. |
|---|---|---|---|
| Edgewater Apartments | 2BR x 2BA Renovated | 2BR,2BA | $1.82 |
| Arbor Crossing | 3x2 B | 3BR,2BA | $1.97 |
| Haven on State | Two Bedroom | 2BR,2BA | $1.61 |
| Silver Bay Apartments | Baja | 1BR,1BA | $1.84 |
| Clearwater Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.86 |
| The Edge at State | Apartments & Townhomes | Agate | 1BR,1BA | $1.89 |
| Kensington Apartments | Ash Select | 1BR,1BA | $2.24 |
| Highland Springs | The Creekview | 1BR,1BA | $2.06 |
| Cambridge Dorchester Apartment Homes | Dorchester Up | 1BR,1BA | $1.98 |
| Broadstone Saratoga | Patterson | 1BR,1BA | $3.43 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 Cobalt, ID Rentals by Map
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 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cobalt ranging from $550 to $5,200.
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 $5,200 with an average monthly rent of $2,647.
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 $1,875 to $9,482, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $5,000. Four Bedroom Single-Family rentals are also available starting from $5,000 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

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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.