Updated 1 Hour Ago
Location
721 N Water Ave, Idaho Falls, ID 83402, USA
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CHARMING 3 BED 3 BATH HOME CLOSE TO HISTORIC DOWNTOWN IDAHO FALLS!
Gemstone Property Management, LLC
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Property Overview
Large windows, on-site fitness or wellness options, and nearby gyms, markets, restaurants, and cultural venues support an active lifestyle, work from home, and social outings. A large fenced backyard, pet-friendly policies, strong value per square foot, and 33 photos add practical appeal, while a nearby top-rated high school and close-by amenities round out the offering.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- More space
- Fireplace
Great for
Pet owners
Social life
Wellness
Amenities for 721 N Water Ave
Features
| Ample Storage | Fireplace |
Appliances
| Fridge and Freezer | In-Unit Laundry |
| Microwave | Stove and Oven |
| Washer and Dryer |
Community
| Dogs OK |
Grounds
| Outdoor Space | Storage |
| Yard |
Other
| Tenant Pays Electric Bill | Tenant Pays Gas Bill |
| Vintage Charm |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Limit1
Cat Policy
Not allowed
Questions about this property’s policies and fees?
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About 721 N Water Ave
CHARMING 3 BED 3 BATH HOME CLOSE TO HISTORIC DOWNTOWN IDAHO FALLS! The main floor features a charming kitchen, generously sized formal dining room and living room which is the perfect space for entertaining large gatherings! The main floor also houses a master bedroom complete with cozy fireplace, bathroom and abundant storage! The upstairs has wonderful natural light, 2 bedrooms and a bathroom. THIS HOME DOES NOT HAVE A/C but you are welcome to bring your own units. Don't forget to enjoy the front porch, mature landscaping, and large fenced backyard. There are parking spots in the back of the property. Apply today at www.gemstoneproperties.net! The rent is $1700 with a $1500 deposit. 12-month lease. ABSOLUTELY NO SMOKING. Call us today at 208-782-RENT(7368) for more information! At Gemstone Property Management, we strive to provide an experience that is cost-effective and convenient. That’s why we provide a Resident Benefits Package (RBP) to address common headaches for our residents and provide must-have services for our renters. This incredible package includes a simple utility setup and disconnect with personal assistance, credit building, identity protection, and much more at a rate of only $20.00/month, which is required with the rental. In addition to RBP, we provide access to liability insurance that meets the requirements for a lease. More details upon application.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 721 N Water Ave compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.3 mile away
- More space
- The 3-bedroom is 529 sqft larger than other listings nearby
- Fireplace
- Upgraded in-unit features
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- No laundry facilities available
- This property doesn't offer on-site or in-unit washers and dryers
Address details
| Zip code | 83402 |
|---|---|
| Type | House for rent |
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Rent trends in Idaho Falls
3-bedroom apartments at 721 N Water Ave cost about 10% more than the average rent price for 3-bedroom apartments in Idaho Falls.
Median rents as of Aug 15 2026.
Idaho Falls
| Month | Median Rent |
|---|---|
| August 2024 | $1,575 |
| September 2024 | $1,551 |
| October 2024 | $1,573 |
| November 2024 | $1,601 |
| December 2024 | $1,627 |
| January 2025 | $1,633 |
| February 2025 | $1,594 |
| March 2025 | $1,566 |
| April 2025 | $1,601 |
| May 2025 | $1,592 |
| June 2025 | $1,648 |
| July 2025 | $1,614 |
| August 2025 | $1,512 |
| September 2025 | $1,504 |
| October 2025 | $1,507 |
| November 2025 | $1,599 |
| December 2025 | $1,615 |
| January 2026 | $1,587 |
| February 2026 | $1,597 |
| March 2026 | $1,606 |
| April 2026 | $1,525 |
| May 2026 | $1,468 |
| June 2026 | $1,555 |
| July 2026 | $1,597 |
| August 2026 | $1,564 |
Affordability calculator
Can I afford to live at 721 N Water Ave?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$68,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $68,000 annually to afford this 3-bedrooms monthly rent price of $1,700.
For more information on rent affordability, visit our rent calculator.
Schools near 721 N Water Ave
D91 Online Academy - Elementary School
690 john adams parkway
idaho falls, ID, 83401
K-6Public
C
Cottonwood Elementary School
3955 east 200 north
rigby, ID, 83442
K-5Public
C+
Jefferson School District 251 Early Childhood Center
125 north 1st west
rigby, ID, 83442
PKPublic
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Internet available near 721 N Water Ave
Neighborhood
Getting around Idaho Falls near 721 N Water Ave
Walking
6/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Points of interest for 721 N Water Ave, Idaho Falls
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
5/10
Some shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Nightlife
4/10
Few or no bars within walking distance
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