Cheap Homes for Rent in the Downtown Idaho Falls Neighborhood of Idaho Falls, ID from $650 (6 Rentals)

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

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.

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.

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 Teton Lofts priced from $550. Chicane Apartments at the Riverwalk has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Downtown Idaho Falls apartments for rent in Idaho Falls, ID:

Apartment ListingModel NameBed/BathPriced From
Teton LoftsKing bed studioStudio,1BA$550
Chicane Apartments at the RiverwalkStudioStudio,1BA$950
D1420AV2BR/1.0BA2BR,1BA$995

Best Value Apartments for Rent in Downtown Idaho Falls, ID

As of August 23, 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 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 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1153 Idaho Ave, Unit B1153 Idaho Ave1BR,1BA$0.42
Chicane Apartments at the RiverwalkStudioStudio ,1BA$1.90
219 H St, Unit 2219 H St1BR,1BA$1.90
Teton LoftsKing bed studioStudio ,1BA$2.20
678 N Water Ave, Unit 678678 N Water Ave1BR,1BA$7.50
148 7th St, Unit 4148 7th St1BR,1BA$6.95

Frequently Asked Questions about Downtown Idaho Falls

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

There are currently 30 Apartments for Rent in Downtown Idaho Falls, ID with pricing that ranges from $695 to $1,495. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Idaho Falls ranging from $700 to $2,450.

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 $700 to $2,450 with an average monthly rent of $1,395.

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 Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.