Cheap Apartments for Rent in Wallace, ID from $700 (39 Rentals)

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

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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Carrington Place
Rent Specials
$1,445 - $1,850
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$1,445 - $1,850
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1 to 3 Bedroom Apartments Available Now

Carrington Place

4010 W Trafford DrCoeur d'Alene, ID 83815
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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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Bluegrass Farms Apartments
Rent Specials
$1,550 - $1,995
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Total Monthly Price

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$1,550 - $1,995
Total Monthly Price
$1,550 - $1,995
1 to 3 Bedroom Apartments Available Now

Bluegrass Farms Apartments

4185 E Poleline AvePost Falls, ID 83854
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Bo Apartments
Rent Specials
$1,553 - $2,848
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$1,553 - $2,848
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Studio to 2 Bedroom Apartments Available Now

Bo Apartments

3193 N Atlas RdCoeur d'Alene, ID 83814
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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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River's Edge Apartments
Rent Specials
$1,600 - $2,170
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Total Monthly Price

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$1,600 - $2,170
Total Monthly Price
$1,600 - $2,170
1 to 3 Bedroom Apartments Available Now

River's Edge Apartments

3404 W Seltice WayCoeur d'Alene, ID 83814
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The Mill
Studio to 2 Bedroom Apartments

The Mill

1705 N Government WayCoeur d'Alene, ID 83814
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Trail Lodge
1 to 3 Bedroom Apartments

Trail Lodge

3825 N Ramsey RdCoeur d'Alene, ID 83815

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.

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Showing Results 1-39, Page 1 of 1

Wallace, ID Local Guide

Cheapest Available Wallace Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wallace, ID is a 6 Beds unit found at 9725 N Gleason Rd priced from $700. 718 N 10th St in the Riverstone neighborhood has the second lowest priced unit, which is a 5 Beds apartment currently listed from $750. Here is today’s list of the most affordable Wallace apartments for rent:

Apartment ListingModel NameBed/BathPriced From
9725 N Gleason RdRent by Room6BR,4BA$700
718 N 10th StRent by Room5BR,2BA$750
2585 Lilly DrRent by Room6BR,3BA$950
Riverstone Place Apartments2 Bedroom2BR,1BA$1,080
Tree Top Apartments2x21422BR,2BA$1,336
The Lucille2031BR,1BA$1,450
Rockwood Lodge1 Bedroom 1 Bathroom1BR,1BA$1,475
Bel Cielo Apartments LLC2 bed, 2 bath2BR,2BA$1,485
The Landmark1BR/1.0BA1BR,1BA$1,495
The MillWallace2BR,1BA$1,525

Best Value Apartments for Rent in Wallace, ID and Nearby

As of May 07, 2026 the best value apartment in the Wallace area is the $0.19 price per square foot Rent by Room Model at 9725 N Gleason Rd in the starting from $700. The second greatest value Wallace apartment is the Rent by Room Model at 2585 Lilly Dr starting at $950 with a $0.30 price per square foot in the Downtown CDA neighborhood. Here is today’s list of the best values for Wallace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
9725 N Gleason RdRent by Room6BR,4BA$0.19
2585 Lilly DrRent by Room6BR,3BA$0.30
718 N 10th StRent by Room5BR,2BA$0.40
Bluegrass Farms Apartments3x2 - Detached Garage3BR,2BA$1.42
Heritage Villas2x2 Aspen2BR,2BA$1.44
Timberline Lodge Apartments3x23BR,2BA$1.52
Carrington PlaceC13BR,2BA$1.56
Bel Cielo Apartments LLC2 bed, 2 bath2BR,2BA$1.36
Riverstone Place Apartments2 Bedroom2BR,1.5BA$1.04
The MillWallace2BR,1BA$1.63

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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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 Wallace, ID Rentals by Map

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Frequently Asked Questions about Cheap Wallace Apartments

What is the Cheapest Studio apartment in Wallace?

Currently the most affordable Cheap Studio Apartment in Wallace is at The Lake listed at $1,789.

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

The lowest price for a Cheap One Bedroom Wallace Apartment is $1,450 at The Lucille.

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

Today's best deal for a Cheap Two Bedroom Apartment in Wallace is starting from $1,080 at Riverstone Place Apartments.

What is the most affordable Wallace Three Bedroom Apartment?

The best deal on a cheap Wallace Three Bedroom Apartment rental is at Bel Cielo Apartments LLC and starts from $1,700.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.