Cheap Homes for Rent in Downtown Idaho Falls Neighborhood of Idaho Falls, ID from $600 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Downtown Idaho Falls area of Idaho Falls.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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.

Cheapest Available Downtown Idaho Falls Apartments for Rent

 

The cheapest available apartment rental in the Downtown Idaho Falls area of Idaho Falls, ID is a Studio unit found at Fully furnished apartments in downtown Idaho Falls! (Idaho Falls) priced from $550. Chicane Apartments at the Riverwalk has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Downtown Idaho Falls apartments for rent in Idaho Falls, ID:

Apartment ListingModel NameBed/BathPriced From
Fully furnished apartments in downtown Idaho Falls! (Idaho Falls)King bed studioStudio,1BA$550
Chicane Apartments at the Riverwalk1 Bed 1 Bath1BR,1BA$995
Riverwalk ApartmentsOne Bedroom1BR,1BA$1,299

Best Value Apartments for Rent in Downtown Idaho Falls, ID

As of May 24, 2026 the best value apartment in the Downtown Idaho Falls area is the $0.87 price per square foot 189 3rd St Model at 189 3rd St, Unit 189 in the in the Downtown Idaho Falls neighborhood starting from $1,375. The second greatest value Downtown Idaho Falls apartment is the One Bedroom Model at Riverwalk Apartments starting at $1,299 with a $1.76 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.
189 3rd St, Unit 189189 3rd St3BR,1BA$0.87
Riverwalk ApartmentsOne Bedroom1BR,1BA$1.76
Chicane Apartments at the Riverwalk1 Bed 1 Bath1BR,1BA$1.81
Fully furnished apartments in downtown Idaho Falls! (Idaho Falls)King bed studioStudio ,1BA$2.20

Frequently Asked Questions about Downtown Idaho Falls

What type of rentals are currently available in Downtown Idaho Falls?

There are currently 29 Apartments for Rent in Downtown Idaho Falls, ID with pricing that ranges from $775 to $1,649. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Idaho Falls ranging from $675 to $2,200.

What is the current price range for Rental Homes in Downtown Idaho Falls?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Idaho Falls ranges from $675 to $2,200 with an average monthly rent of $1,353.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.