Cheap Apartments for Rent in the Downtown Idaho Falls Neighborhood of Idaho Falls, ID from $400 (10 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Idaho Falls area of Idaho Falls.

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220 Gladstone St
Studio Apartments

220 Gladstone St

220 Gladstone StIdaho Falls, ID 83401
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104 12th St
1 Bedroom Apartments

104 12th St

104 12th StIdaho Falls, ID 83404
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218 S Water St
5 Bedroom Apartments

218 S Water St

218 S Water StIdaho Falls, ID 83402
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1085 Idaho Ave
2 Bedroom Apartments

1085 Idaho Ave

1085 Idaho AveIdaho Falls, ID 83402
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Wellington Manor
Studio to 1 Bedroom Apartments

Wellington Manor

350 E StIdaho Falls, ID 83402
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433 Maple St
1 Bedroom Apartments

433 Maple St

433 Maple StIdaho Falls, ID 83402
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125 N Water Ave
1 to 2 Bedroom Apartments

125 N Water Ave

125 N Water AveIdaho Falls, ID 83402

Downtown Idaho Falls, Idaho Falls, ID Local Guide

Cheapest Available Downtown Idaho Falls Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Chicane Apartments at the RiverwalkStudioStudio,1BA$950

Best Value Apartments for Rent in Downtown Idaho Falls, ID

As of November 06, 2025 the best value apartment in the Downtown Idaho Falls area is the $1.90 price per square foot Studio Model at Chicane Apartments at the Riverwalk in the in the Downtown Idaho Falls neighborhood starting from $950. The second greatest value Downtown Idaho Falls apartment is the 219 H St Model at 219 H St, Unit #4 starting at $900 with a $1.80 price per square foot in the Downtown Idaho Falls neighborhood. Here is today’s list of the best values for Downtown Idaho Falls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Chicane Apartments at the RiverwalkStudioStudio ,1BA$1.90
219 H St, Unit #4219 H St1BR,1BA$1.80
561 N Water Ave561 N Water Ave1BR,1BA$7.75

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Pet Friendly Lifestyle
Downtown Idaho Falls, Idaho Falls, ID

Ranked #1

Among cities in Idaho for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Downtown Idaho Falls Neighborhood in Idaho Falls, ID

Walk Score®

87 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

72 / 100

Very Bikeable

Biking is convenient for most trips

Frequently Asked Questions about Cheap Downtown Idaho Falls Apartments

How much is rent for a Cheap One Bedroom Downtown Idaho Falls Apartment?

The lowest price for a Cheap One Bedroom Downtown Idaho Falls Apartment is $995 at Chicane Apartments at the Riverwalk.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.