Cheap Apartments for Rent in the Downtown Idaho Falls Neighborhood of Idaho Falls, ID from $460 (12 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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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Teton Lofts
Studio to 1 Bedroom Apartments

Teton Lofts

255 E StIdaho Falls, ID 83402
  • Utilities Included
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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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Best Value Apartments for Rent in Downtown Idaho Falls, ID

As of September 17, 2026 the best value apartment in the Downtown Idaho Falls area is the $0.42 price per square foot 1153 Idaho Ave Model at 1153 Idaho Ave, Unit B in the Downtown Idaho Falls neighborhood starting from $850. The second greatest value Downtown Idaho Falls apartment is the Studio Model at Chicane Apartments at the Riverwalk in the Downtown Idaho Falls neighborhood starting at $950 with a $1.90 price per square foot. 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.
1153 Idaho Ave, Unit B1153 Idaho Ave1BR, 1BA$0.42
Chicane Apartments at the RiverwalkStudioStudio, 1BA$1.90
678 N Water Ave, Unit 678678 N Water Ave1BR, 1BA$7.50
1200 Idaho Ave, Unit 12001200 Idaho Ave2BR, 1BA$9.95

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.

What is the lowest price for a Cheap Two Bedroom Downtown Idaho Falls Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Idaho Falls is starting from $950 at D1420AV.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.