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

416 W Lewis St

Arbor Court Apartments
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.

1160 South 4th Avenue

53 S Main St

341 S Garfield Ave
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.

116 Park Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

915 N Hayes Ave

421 N Hooper Ave

1111 Wilson Ave

232 N 14th Ave
Downey, ID Local Guide

How much does it cost to rent an apartment in Downey?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downey Studio Apartments | $970 | $625 | $1,601 |
Downey 1 Bedroom Apartments | $1,327 | $695 | $1,814 |
Downey 2 Bedroom Apartments | $1,505 | $950 | $2,450 |
Downey 3 Bedroom Apartments | $1,561 | $500 | $2,540 |
Downey 4 Bedroom Apartments | $532 | $500 | $695 |
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Downey, ID Local Guide
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Cheapest Available Downey Apartments for Rent and Nearby
 The cheapest available apartment rental in Downey, ID is a Studio unit found at 538 N. Main Street priced from $625. 723 W. Lewis Street has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Downey apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
538 N. Main Street | 0BR/1.0BA | Studio,1BA | $625 |
723 W. Lewis Street | 0BR/1.0BA | Studio,1BA | $650 |
Rosewood | 1BR/1.0BA | 1BR,1BA | $695 |
416 W Lewis St | Studio | Studio,1BA | $790 |
The Fremont | Studio Unit 8 | Studio,1BA | $795 |
Best Value Apartments for Rent in Downey, ID and Nearby
As of June 21, 2025 the best value apartment in the Downey area is the $0.43 price per square foot Denali Model at The Factory (new) in the in the Blackhawk neighborhood starting from $695. The second greatest value Downey apartment is the 3 Bedroom 2.5 Bathroom Model at Smithfield Station Townhomes starting at $1,775 with a $1.17 price per square foot . Here is today’s list of the best values for Downey apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Factory (new) | Denali | 4BR,3BA | $0.43 |
Smithfield Station Townhomes | 3 Bedroom 2.5 Bathroom | 3BR,2.5BA | $1.17 |
Maple Valley | Phase 1 - 3 Bed 2 Bath 2nd | 3BR,2BA | $1.13 |
Homestead Collection Apartments | Magnolia 2X2 | 2BR,2BA | $1.11 |
Legacy Village Apartments | PHASE 1: Legacy Village 2 Bed 2 Bath (Updated ... | 2BR,2BA | $1.38 |
Cambridge Court Apartments | 2 Bed | 2BR,1.5BA | $1.24 |
Summit | 2 Bed 1 Bath | 2BR,1BA | $1.21 |
629 Main | 1BR/1.0BA | 1BR,1BA | $1.41 |
Rosewood | 1BR/1.0BA | 1BR,1BA | $1.39 |
723 W. Lewis Street | 0BR/1.0BA | Studio ,1BA | $1.30 |
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Getting Around Downey, ID
Walk Score®
4 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
22 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downey Apartments
What is the Cheapest Studio apartment in Downey?
Currently the most affordable Cheap Studio Apartment in Downey is at 538 N. Main Street listed at $625.
How much is rent for a Cheap One Bedroom Downey Apartment?
The lowest price for a Cheap One Bedroom Downey Apartment is $695 at Rosewood.
What is the lowest price for a Cheap Two Bedroom Downey Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downey is starting from $900 at Arbor Court Apartments.
What is the most affordable Downey Three Bedroom Apartment?
The best deal on a cheap Downey Three Bedroom Apartment rental is at Maple Valley and starts from $1,400.
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.

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.

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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.