
Cheap Homes for Rent in Downtown Idaho Falls Neighborhood of Idaho Falls, ID from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Idaho Falls area of Idaho Falls.


450 H St

422 W 18th St
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.

271 W 15th St, Unit Unit B, Unit Unit B

112 4th St

440 Walnut St
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.
Downtown Idaho Falls, Idaho Falls, ID Local Guide

How much does it cost to rent a home in Downtown Idaho Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Idaho Falls 2 Bedroom Homes for Rent | $1,318 | $700 | $2,200 |
| Downtown Idaho Falls 3 Bedroom Homes for Rent | $1,450 | $1,275 | $1,625 |
| Downtown Idaho Falls 4 Bedroom Homes for Rent | $1,862 | $1,725 | $2,000 |
| Downtown Idaho Falls 5 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Downtown Idaho Falls Neighborhood of Idaho Falls, ID.
Explore Idaho Falls
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fully furnished apartments in downtown Idaho Falls! (Idaho Falls) | King bed studio | Studio,1BA | $550 |
| Chicane Apartments at the Riverwalk | 1 Bed 1 Bath | 1BR,1BA | $995 |
| Riverwalk Apartments | One Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 189 3rd St, Unit 189 | 189 3rd St | 3BR,1BA | $0.87 |
| Riverwalk Apartments | One Bedroom | 1BR,1BA | $1.76 |
| Chicane Apartments at the Riverwalk | 1 Bed 1 Bath | 1BR,1BA | $1.81 |
| Fully furnished apartments in downtown Idaho Falls! (Idaho Falls) | King bed studio | Studio ,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

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.

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.

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.

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.