
Cheap Apartments for Rent in the Downtown Idaho Falls Neighborhood of Idaho Falls, ID from $300 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Idaho Falls area of Idaho Falls.


Total Monthly Price
297 Cottage Pl, Unit 297

220 Gladstone St

104 12th St

218 S Water St
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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.

1085 Idaho Ave

Wellington Manor

Fully furnished apartments in downtown Idaho Falls! (Idaho Falls)

Bonneville Apartments

433 Maple St
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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.

125 N Water Ave
Downtown Idaho Falls, Idaho Falls, ID Local Guide

How much does it cost to rent an apartment in Downtown Idaho Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Idaho Falls Studio Apartments | $1,133 | $950 | $1,295 |
| Downtown Idaho Falls 1 Bedroom Apartments | $1,005 | $302 | $1,650 |
| Downtown Idaho Falls 2 Bedroom Apartments | $1,285 | $950 | $1,825 |
| Downtown Idaho Falls 3 Bedroom Apartments | $5,577 | $5,577 | $5,577 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Downtown Idaho Falls Neighborhood of Idaho Falls, ID.
See all Apartments in Idaho FallsExplore Idaho Falls
Cheapest Available Downtown Idaho Falls Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chicane Apartments at the Riverwalk | 1 Bed 1 Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Riverwalk Apartments | 1BR/1.0BA | 1BR,1BA | $2.23 |
| Chicane Apartments at the Riverwalk | 1 Bed 1 Bath | 1BR,1BA | $1.52 |
| 297 Cottage Pl, Unit 297 | 297 Cottage Pl | 2BR,1BA | $9.50 |
| 250 S Water Ave, Unit 2 | 250 S Water Ave | 2BR,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

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.

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.

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.

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.