
Cheap Apartments for Rent in the Downtown Idaho Falls Neighborhood of Idaho Falls, ID from $460 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Idaho Falls area of Idaho Falls.


Total Monthly Price
1200 Idaho Ave, Unit 1200

Total Monthly Price
1153 Idaho Ave, Unit B

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

125 N Water Ave
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.
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 | $950 | $950 | $950 |
| Downtown Idaho Falls 1 Bedroom Apartments | $906 | $650 | $1,025 |
| Downtown Idaho Falls 2 Bedroom Apartments | $992 | $800 | $1,200 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Downtown Idaho Falls Neighborhood of Idaho Falls, ID.
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1153 Idaho Ave, Unit B | 1153 Idaho Ave | 1BR, 1BA | $0.42 |
| Chicane Apartments at the Riverwalk | Studio | Studio, 1BA | $1.90 |
| 678 N Water Ave, Unit 678 | 678 N Water Ave | 1BR, 1BA | $7.50 |
| 1200 Idaho Ave, Unit 1200 | 1200 Idaho 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 $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

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.

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.

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.

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.