Cheap Homes for Rent in Idaho Falls, ID from $500 (16 Rentals)

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

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 394 S Saturn Ave

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Townhome for Rent

Available Now

394 S Saturn Ave

Idaho FallsID83402

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Idaho Falls, ID Local Guide

Cheapest Neighborhoods for Apartments in Idaho Falls, ID

Pricing Updated: 03/29/2026

Current apartment rentals in the Idaho Falls, ID area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Idaho Falls Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Idaho Falls$1,750$6954

Cheapest Available Idaho Falls Apartments for Rent

 

The cheapest available apartment rental in Idaho Falls, ID is a 2 Beds unit found at 3354 E Iona Rd priced from $795. Chicane Apartments at the Riverwalk in the Downtown Idaho Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Idaho Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
3354 E Iona Rd2 Beds, 1 Baths2BR,1BA$795
Chicane Apartments at the Riverwalk1 Bed 1 Bath1BR,1BA$995
Black Feather Apartments1 Bedrom1BR,1BA$998
Riverwalk Apartments$1099 for 6 Months with year lease! (Clearwater...1BR,1BA$1,099

Best Value Apartments for Rent in Idaho Falls, ID

As of March 29, 2026 the best value apartment in the Idaho Falls area is the $0.82 price per square foot 6277 N Freedom Rd Model at 6277 N Freedom Rd in the starting from $1,395. The second greatest value Idaho Falls apartment is the 3x2.5 TH Model at VALO at Olive Plaza starting at $1,799 with a $1.17 price per square foot . Here is today’s list of the best values for Idaho Falls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
6277 N Freedom Rd6277 N Freedom Rd3BR,2BA$0.82
VALO at Olive Plaza3x2.5 TH3BR,2.5BA$1.17
3250 Midway Ave, Unit 23250 Midway Ave2BR,1BA$0.97
Meadowcreek Townhomes3x2.53BR,2.5BA$1.13
2120 Stace St, Unit 42120 Stace St3BR,1BA$1.23
2140 Stace St, Unit 42140 Stace St3BR,1BA$1.25
737 Cleveland St, Unit 3737 Cleveland St2BR,1BA$0.93
590 N Woodruff Ave, Unit 63590 N Woodruff Ave2BR,1BA$0.97
1079 S Woodruff Ave, Unit 11079 S Woodruff Ave1BR,1BA$1.29
3354 E Iona Rd2 Beds, 1 Baths2BR,1BA$1.05

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Idaho Falls

What type of rentals are currently available in Idaho Falls?

There are currently 177 Apartments for Rent in Idaho Falls, ID with pricing that ranges from $302 to $3,727. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Idaho Falls ranging from $525 to $4,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Idaho Falls ranges from $525 to $4,500 with an average monthly rent of $1,844.

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

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.