Cheap Homes for Rent in Fernan Lake Village, ID from $600 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in Fernan Lake Village.

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.

Fernan Lake Village, ID Local Guide

Cheapest Available Fernan Lake Village Apartments for Rent and Nearby

 

The cheapest available apartment rental in Fernan Lake Village, ID is a 5 Beds unit found at 718 N 10th St in the Riverstone neighborhood priced from $750. 2585 Lilly Dr in the Downtown CDA neighborhood has the second lowest priced unit, which is a 6 Beds apartment currently listed from $950. Here is today’s list of the most affordable Fernan Lake Village apartments for rent:

Apartment ListingModel NameBed/BathPriced From
718 N 10th StRent by Room5BR,2BA$750
2585 Lilly DrRent by Room6BR,3BA$950
The LakeStudioStudio,1BA$1,789

Best Value Apartments for Rent in Fernan Lake Village, ID and Nearby

As of May 18, 2026 the best value apartment in the Fernan Lake Village area is the $0.30 price per square foot Rent by Room Model at 2585 Lilly Dr in the in the Downtown CDA neighborhood starting from $950. The second greatest value Fernan Lake Village apartment is the Rent by Room Model at 718 N 10th St starting at $750 with a $0.40 price per square foot in the Riverstone neighborhood. Here is today’s list of the best values for Fernan Lake Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2585 Lilly DrRent by Room6BR,3BA$0.30
718 N 10th StRent by Room5BR,2BA$0.40
511 E Indiana Ave, Unit A511 E Indiana Ave1BR,1BA$1.69
The Foundry2 Bed 1 Bath2BR,1BA$2.63
The LakeStudioStudio ,1BA$4.03

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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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 Fernan Lake Village

What type of rentals are currently available in Fernan Lake Village?

There are currently 49 Apartments for Rent in Fernan Lake Village, ID with pricing that ranges from $750 to $3,589. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fernan Lake Village ranging from $600 to $3,795.

What is the current price range for Rental Homes in Fernan Lake Village?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fernan Lake Village ranges from $600 to $3,795 with an average monthly rent of $2,163.

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.