From Idaho Falls, take Highway 26 east past Swan Valley to Irwin. About 2 miles past Irwin, take a left onto Palisades Creek Rd. Follow the road for a mile or so until you reach the campground entrance. The trailhead is just across the bridge and to the right. There is plenty of parking (no fees for day use parking), restrooms, and running water.
Camping
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There is an established campground near the trailhead and a great spot to camp near the Lower Lake. There is also a large camping area past the Upper Lake that has an outhouse nearby. See hiking description for other details.
Camping
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Palisades Lakes and Waterfall Canyon Idaho
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Hiking & Backpacking
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This trail is one of the more popular hiking spots in Southeast Idaho, and for good reason. The trail is well-formed and does not pose any serious incline along the first leg to the Lower Palisades Lake.
The Forest Service has some pretty good maps that are available for free online here: http://www.fs.fed.us/r4/caribou-targhee/caribou-targhee/palisades/maps.shtml
Click the Palisades Creek section in the middle for the map I used for this hike. For maps from other ranger districts, go here: http://www.fs.fed.us/r4/caribou-targhee/maps/ (The links don't seem to work by clicking on them directly, so simply copy the url into your web browser.)
The distance to the Lower Lake is 4.1 miles, and the Lower Lake is where most hikers stop. If you really want to take advantage of the wonderful area, I recommend you go on to the Upper Palisades Lake; the Upper Lake is much more spectacular and more wildlife can be seen on that portion of the trail (specifically, just north of the Lower Lake in the wetlands).
The Upper Lake is another 2.6 miles from the Lower Lake. The trail continues to follow Palisades Creek for a little while, then breaks off to switchback up to the Upper Lake. The incline during the last mile before reaching the Upper Lake will give you a good workout, but it's not excruciatingly difficult. Once at the Upper Lake, you can stay left and follow the trail along the lake or you can head right and go down close to the water (many people go this way to fish).
From the west end of the Upper Lake there's a sign that states that Waterfall Canyon is 2.5 miles up trail. Thanks to my GPS (Garmin eTrex Legend), I measured that distance to be 3.5 miles, so plan accordingly.
To get to Waterfall Canyon, follow the trail on the north side of the Upper Lake for one mile, past an outhouse, then follow the sign at the fork which directs you to stay to the right. I lost the trail amongst the campgrounds there, so stay to the right and you should cross a stream before long. There are a couple spots to cross, so depending on how high the water is you may want to find the makeshift bridge a couple hundred feet upstream.
Continue up the mountain - this is definitely the most difficult part of the trek to the waterfall. The trail is littered with felled timbers and eventually I ran into some snow that covered up the trail in some parts (June 21st, 2008). The incline is the steepest of the trek just past the Upper Lake, but levels out after about a mile and a half or so. After the stream crossing mentioned above, you don't see any running water until you get to the waterfall itself, so don't panic (unless you go later in the summer when the snowmelt is all but gone).
The waterfall will be on your left and empties into a scenic pond/lake. The area is open and absolutely majestic. The trail does continue on, but I stopped at the first main waterfall.
Both Palisades Lakes are very doable in a single day. Waterfall Canyon is more appropriate for one on horseback or for a backpacker (I wound up traveling about 21 miles on foot in the same day, and I can't say I recommend doing that to just anyone).
Here are the GPS coordinates I recorded for some landmarks/waypoints:
Palisades Trailhead N 43 23.740' W 111 12.900' Elevation 5593 ft
Lower Palisades Lake N 43 25.470' W 111 09.560' Elevation 6242 ft
Chicken Springs and Cabin (don't cross the river at this point, like I did) N 43 26.280' W 111 08.540' Elevation 6200 ft
Upper Palisades Lake N 43 26.376' W 111 07.628' Elevation 6709 ft
Outhouse (at the east end of the Upper Lake, near good camping spots and horse tie posts) N 43 25.810' W 111 06.540' Elevation 6687 ft
Waterfall Canyon (near waterfall and lake mentioned above) N 43 24.088' W 111 06.402' Elevation 7555 ft
Hiking & Backpacking
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Palisades Lakes and Waterfall Canyon Idaho
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Horseback
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See hiking description for details.
Horseback
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Palisades Lakes and Waterfall Canyon Idaho
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