Cheap Apartments for Rent near May, ID from $700 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in May.

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.

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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.

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Pepperwood Village
Studio to 2 Bedroom Apartments

Pepperwood Village

1486 Curlew DrIdaho Falls, ID 83406

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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The Strawberry
1 to 2 Bedroom Apartments

The Strawberry

457 S 4th WRexburg, ID 83440
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At Home Rexburg
1 to 2 Bedroom Apartments

At Home Rexburg

332 S 4th WRexburg, ID 83440
Student Housing
  • Utilities Included
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Mesa Falls Apartments
1 to 3 Bedroom Apartments

Mesa Falls Apartments

940 S 5th WRexburg, ID 83440
Corporate Housing
  • Utilities Included
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Eden Apartments
1 to 2 Bedroom Apartments

Eden Apartments

555 W Mikan DrRexburg, ID 83440
Corporate Housing
  • Utilities Included

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.

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Sparrow Hill
1 to 3 Bedroom Apartments

Sparrow Hill

1764 Sparrow Hill CtIdaho Falls, ID 83404
property at 201 Hobson Ave

$1,300 - $1,600

2 To 3 Bedroom Rentals

Available Now

201 Hobson Ave

ButteMT59701

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.

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Showing Results 1-45, Page 1 of 1

May, ID Local Guide

Cheapest Available May Apartments for Rent and Nearby

 

The cheapest available apartment rental in May, ID is a Studio unit found at Chicane Apartments at the Riverwalk in the Downtown Idaho Falls neighborhood priced from $950. Stone Brook Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable May apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chicane Apartments at the RiverwalkStudioStudio,1BA$950
Stone Brook ApartmentsHenry's Lake1BR,1BA$975
Rosewood Patio Homes1x11BR,1BA$995
Black Feather Apartments1 Bedrom1BR,1BA$998
The Residences at Victory Ranch1x1 Cascade1BR,1BA$1,099
Madison Station1x11BR,1BA$1,124
Rexburg Centennial Townhomes1B/1B1BR,1BA$1,150
Providence Square2x1-B2BR,1BA$1,165
Eagles Landing ApartmentsTalon Executive1BR,1BA$1,174
Welcome Way Apartments1 Bed, 1 bath1BR,1BA$1,198

Best Value Apartments for Rent in May, ID and Nearby

As of July 28, 2026 the best value apartment in the May area is the $0.92 price per square foot 3 Beds, 2.5 Baths Model at Skyline Manor in the starting from $1,420. The second greatest value May apartment is the 3 Bedroom x 2.5 Bathroom Townhome Model at Orchard Park Townhomes starting at $2,059 with a $1.46 price per square foot . Here is today’s list of the best values for May apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Skyline Manor3 Beds, 2.5 Baths3BR,2.5BA$0.92
Orchard Park Townhomes3 Bedroom x 2.5 Bathroom Townhome3BR,2.5BA$1.46
VALO at Olive Plaza2x2 TH2BR,2BA$1.28
Sage Point VillageThe Aspen - 3x23BR,2BA$1.23
Parkway ApartmentsThe Palisade2BR,2BA$1.45
Village at RexburgSt. James 1B - 2/1.002BR,1BA$1.28
Teton Oasis Apartments2 Bedroom/1 Bath2BR,1BA$1.42
Eagles Landing ApartmentsTalon1BR,1BA$1.28
Rexburg Centennial Townhomes1B/1B1BR,1BA$1.50
The Residences at Victory Ranch1x1 Cascade1BR,1BA$1.48

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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How much rent can you afford?

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!

Explore May, ID Rentals by Map

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See the most popular apartments and homes in May, ID

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Frequently Asked Questions about Cheap May Apartments

What is the Cheapest Studio apartment in May?

Currently the most affordable Cheap Studio Apartment in May is at Chicane Apartments at the Riverwalk listed at $950.

How much is rent for a Cheap One Bedroom May Apartment?

The lowest price for a Cheap One Bedroom May Apartment is $975 at Stone Brook Apartments.

What is the lowest price for a Cheap Two Bedroom May Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in May is starting from $1,100 at Stone Brook Apartments.

What is the most affordable May Three Bedroom Apartment?

The best deal on a cheap May Three Bedroom Apartment rental is at Black Feather Apartments and starts from $1,350.

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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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.

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.