
Cheap Homes for Rent in Preston, ID from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Preston.


126 S 100 E

420 1/2 N 200 W
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.

620 N 300 E

331 N 400 E

230 Bridger Dr
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.

805 E 275 N
Preston, ID Local Guide

How much does it cost to rent a home in Preston?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Preston 2 Bedroom Homes for Rent | $1,295 | $999 | $1,500 |
Preston 3 Bedroom Homes for Rent | $1,611 | $700 | $2,250 |
Preston 4 Bedroom Homes for Rent | $2,129 | $1,650 | $2,500 |
Preston 5 Bedroom Homes for Rent | $2,366 | $2,100 | $2,600 |
Preston 6 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent in Preston
Explore Preston
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 University 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 |
---|---|---|---|
University | 0BR/1.0BA | Studio,1BA | $575 |
538 N. Main Street | 0BR/1.0BA | Studio,1BA | $625 |
Providence Pointe | 2 Bedroom | 2BR,2BA | $653 |
Best Value Apartments for Rent in Preston, ID and Nearby
As of October 14, 2025 the best value apartment in the Preston area is the $1.16 price per square foot 3 Bedroom 2.5 Bathroom Model at Smithfield Station Townhomes in the starting from $1,759. The second greatest value Preston apartment is the 3 Bedroom Model at Canyon Cove Apartments starting at $1,500 with a $1.15 price per square foot . 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. |
---|---|---|---|
Smithfield Station Townhomes | 3 Bedroom 2.5 Bathroom | 3BR,2.5BA | $1.16 |
Canyon Cove Apartments | 3 Bedroom | 3BR,2BA | $1.15 |
The Factory (new) | Manhattan | 3BR,3BA | $0.40 |
Homestead Collection Apartments | Magnolia 2X2 | 2BR,2BA | $1.11 |
Providence Pointe | 3 Bedroom | 3BR,2BA | $1.20 |
Maple Valley | 2 Bed 2 Bath | 2BR,2BA | $1.20 |
Oak Meadows | Oak | 2BR,2BA | $1.28 |
Cambridge Court Apartments | 2 Bed | 2BR,1.5BA | $1.16 |
Arbor Court Apartments | Arbor Court Two Bedroom | 2BR,1BA | $1.12 |
629 Main | 1BR/1.0BA | 1BR,1BA | $1.24 |
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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 Preston
What type of rentals are currently available in Preston?
There are currently 45 Apartments for Rent in Preston, ID with pricing that ranges from $500 to $2,205. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston ranging from $500 to $2,600.
What is the current price range for Rental Homes in Preston?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Preston ranges from $500 to $2,600 with an average monthly rent of $1,656.
How much are larger Three and Four Bedroom Rentals in Preston?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Preston range from $500 to $2,205, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $2,250. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $695.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.