
Cheap Apartments for Rent in the Downtown Idaho Falls Neighborhood of Idaho Falls, ID from $400 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Idaho Falls area of Idaho Falls.


Total Monthly Price
1499 Mound Ave, Unit 1497

220 Gladstone St

104 12th St

218 S Water St
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.

1085 Idaho Ave

Wellington Manor

Teton Lofts

Bonneville Apartments

433 Maple St
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.

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 | $1,065 | $950 | $1,295 |
| Downtown Idaho Falls 1 Bedroom Apartments | $985 | $850 | $1,025 |
| Downtown Idaho Falls 2 Bedroom Apartments | $1,205 | $1,025 | $1,495 |
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 | Studio | Studio,1BA | $950 |
Best Value Apartments for Rent in Downtown Idaho Falls, ID
As of August 03, 2026 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 2 starting at $950 with a $1.90 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. |
|---|---|---|---|
| Chicane Apartments at the Riverwalk | Studio | Studio ,1BA | $1.90 |
| 219 H St, Unit 2 | 219 H St | 1BR,1BA | $1.90 |
| Teton Lofts | King bed studio | Studio ,1BA | $2.20 |
| 1499 Mound Ave, Unit 1497 | 1499 Mound Ave | 1BR,1BA | $8.50 |
| 674 N Water Ave, Unit 674 N Water Ave | 674 N Water Ave | 2BR,1BA | $10.25 |
Frequently Asked Questions about Cheap Downtown Idaho Falls Apartments
What is the Cheapest Studio apartment in Downtown Idaho Falls?
Currently the most affordable Cheap Studio Apartment in Downtown Idaho Falls is at Teton Lofts listed at $550.
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
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

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.