
Cheap Apartments for Rent in Preston, ID from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Preston.


Fargo Apartments

629 Main

The Fremont

838 West Center Street
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.

545 N 600 W

644 E 600 N

University

723 W. Lewis Street

538 N. Main Street
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.

677 E 600 N

456 N 600 E

626 E 800 N

Rosewood

675 E 600 N
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.

1160 South 4th Avenue
Preston, ID Local Guide

How much does it cost to rent an apartment in Preston?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Preston Studio Apartments | $988 | $575 | $1,803 |
| Preston 1 Bedroom Apartments | $1,338 | $745 | $2,007 |
| Preston 2 Bedroom Apartments | $1,507 | $900 | $2,228 |
| Preston 3 Bedroom Apartments | $1,853 | $500 | $2,205 |
| Preston 4 Bedroom Apartments | $976 | $695 | $1,258 |
Browse Top Apartments in Preston
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Preston, ID Local Guide
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Cheapest Available Preston Apartments for Rent and Nearby
 The cheapest available apartment rental in Preston, ID is a Studio unit found at Scenic View Apartment Homes priced from $575. 538 N. Main Street has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Preston apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Scenic View Apartment Homes | 1 Beds, 1 Baths | Studio,1BA | $575 |
| 538 N. Main Street | 0BR/1.0BA | Studio,1BA | $625 |
| Fargo Apartments | Studio small | Studio,1BA | $680 |
| Rosewood | 0BR/1.0BA | Studio,1BA | $695 |
| The Fremont | Studio Unit 6 | Studio,1BA | $750 |
Best Value Apartments for Rent in Preston, ID and Nearby
As of January 12, 2026 the best value apartment in the Preston area is the $0.90 price per square foot 3 Beds, 2.5 baths Model at Jasper Loop in the starting from $1,875. The second greatest value Preston apartment is the Denali Model at The Factory starting at $695 with a $0.43 price per square foot in the Blackhawk neighborhood. Here is today’s list of the best values for Preston apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Jasper Loop | 3 Beds, 2.5 baths | 3BR,2.5BA | $0.90 |
| The Factory | Denali | 4BR,3BA | $0.43 |
| Smithfield Station Townhomes | 3 Bedroom 2.5 Bathroom | 3BR,2.5BA | $1.22 |
| Nibley Towns | 3 bedroom/2.5 ba | 3BR,2.5BA | $1.30 |
| Oak Meadows | Meadow | 3BR,2BA | $1.06 |
| Maple Valley | Phase 2 - 3 Bed 2 Bath 1st/3rd Level Granite | 3BR,2BA | $1.08 |
| Canyon Cove Apartments | 3 Bedroom | 3BR,2BA | $1.15 |
| Homestead Collection Apartments | Magnolia 2X2 | 2BR,2BA | $1.11 |
| The Orchard on Oneida | 239-3 rooms | 3BR,2BA | $1.18 |
| Scenic View Apartment Homes | 1 Beds, 1 Baths | Studio ,1BA | $0.88 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Preston, ID
Frequently Asked Questions about Cheap Preston Apartments
What is the Cheapest Studio apartment in Preston?
Currently the most affordable Cheap Studio Apartment in Preston is at Scenic View Apartment Homes listed at $575.
How much is rent for a Cheap One Bedroom Preston Apartment?
The lowest price for a Cheap One Bedroom Preston Apartment is $810 at Fargo Apartments.
What is the lowest price for a Cheap Two Bedroom Preston Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Preston is starting from $900 at Fargo Apartments.
What is the most affordable Preston Three Bedroom Apartment?
The best deal on a cheap Preston Three Bedroom Apartment rental is at The Orchard on Oneida and starts from $1,295.
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 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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!