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

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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

Cheapest Available Downtown Idaho Falls Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Chicane Apartments at the Riverwalk1 Bed 1 Bath1BR,1BA$995
Riverwalk Apartments$1099 for 6 Months with year lease! (Clearwater...1BR,1BA$1,099

Best Value Apartments for Rent in Downtown Idaho Falls, ID

As of March 17, 2026 the best value apartment in the Downtown Idaho Falls area is the $2.23 price per square foot 1BR/1.0BA Model at Riverwalk Apartments in the in the Downtown Idaho Falls neighborhood starting from $1,650. The second greatest value Downtown Idaho Falls apartment is the 1 Bed 1 Bath Model at Chicane Apartments at the Riverwalk starting at $995 with a $1.52 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.
Riverwalk Apartments1BR/1.0BA1BR,1BA$2.23
Chicane Apartments at the Riverwalk1 Bed 1 Bath1BR,1BA$1.52
297 Cottage Pl, Unit 297297 Cottage Pl2BR,1BA$9.50
250 S Water Ave, Unit 2250 S Water 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 $1,250 at Riverwalk Apartments.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.