Cheap Apartments for Rent in the Downtown Idaho Falls Neighborhood of Idaho Falls, ID from $300 (11 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

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.

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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

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.

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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
Fully furnished apartments in downtown Idaho Falls! (Idaho Falls)King bed studioStudio,1BA$550
Chicane Apartments at the Riverwalk1 Bed 1 Bath1BR,1BA$1,050

Best Value Apartments for Rent in Downtown Idaho Falls, ID

As of December 11, 2025 the best value apartment in the Downtown Idaho Falls area is the $1.75 price per square foot 1 Bed 1 Bath Model at Chicane Apartments at the Riverwalk in the in the Downtown Idaho Falls neighborhood starting from $1,050. The second greatest value Downtown Idaho Falls apartment is the King bed studio Model at Fully furnished apartments in downtown Idaho Falls! (Idaho Falls) starting at $550 with a $2.20 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 Riverwalk1 Bed 1 Bath1BR,1BA$1.75
Fully furnished apartments in downtown Idaho Falls! (Idaho Falls)King bed studioStudio ,1BA$2.20
1499 Mound Ave, Unit 14991499 Mound Ave1BR,1BA$7.50
561 N Water Ave561 N Water Ave1BR,1BA$7.75

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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The 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.

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Quick 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.

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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

4.0
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 $1,050 at Chicane Apartments at the Riverwalk.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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! 

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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.