
Cheap Homes for Rent in the Downtown Idaho Falls Neighborhood of Idaho Falls, ID from $650 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Idaho Falls area of Idaho Falls.


157 E Elva St

390 W 14th 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.

422 W 18th St

422 W 18th St

1680 Calkins 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 a home in Downtown Idaho Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Idaho Falls 2 Bedroom Homes for Rent | $1,319 | $900 | $2,450 |
| Downtown Idaho Falls 3 Bedroom Homes for Rent | $1,700 | $1,700 | $1,700 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Teton Lofts | King bed studio | Studio,1BA | $550 |
| Chicane Apartments at the Riverwalk | Studio | Studio,1BA | $950 |
| D1420AV | 2BR/1.0BA | 2BR,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 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 |
| 219 H St, Unit 2 | 219 H St | 1BR,1BA | $1.90 |
| Teton Lofts | King bed studio | Studio ,1BA | $2.20 |
| 678 N Water Ave, Unit 678 | 678 N Water Ave | 1BR,1BA | $7.50 |
| 148 7th St, Unit 4 | 148 7th St | 1BR,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

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.

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.

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.