Cheap Apartments for Rent in Phenix, VA from $600 (26 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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500 Euclid Avenue
1 Bedroom Apartments

500 Euclid Avenue

500 Euclid AveLynchburg, VA 24501
  • Utilities Included
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Midtown on 12th
Studio to 1 Bedroom Apartments

Midtown on 12th

1701 12th StLynchburg, VA 24501
  • Utilities Included

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Phenix, VA Local Guide

Cheapest Available Phenix Apartments for Rent and Nearby

 

The cheapest available apartment rental in Phenix, VA is a 1 Bed unit found at Miller's Rest Apartments in the Tate Springs neighborhood priced from $679. Elora Gardens Lynchburg in the Tate Springs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $696. Here is today’s list of the most affordable Phenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Miller's Rest ApartmentsTrundle1BR,1BA$679
Elora Gardens Lynchburg1 Bedroom Medium1BR,1BA$696
Wesley Apartments - Senior Living CommunityStudio (Stair or Ramp Access)Studio,1BA$820
Midtown Lofts1 Bed 1 Bath1BR,1BA$895
WillowBrook Luxury ApartmentsPhase 1-Call for availability before applying1BR,1BA$1,025
Park Place Apartments2BR/2BA +Den Renovated2BR,2BA$1,050
The WayneCourtyard1BR,1BA$1,050
New Brick Historic Lofts1BR/1.0BA1BR,1BA$1,075
Legacy at Linden ParkThe Hillsborough1BR,1BA$1,090
The Vine1BR/1BA Type 11BR,1BA$1,145

Best Value Apartments for Rent in Phenix, VA and Nearby

As of May 19, 2025 the best value apartment in the Phenix area is the $1.09 price per square foot Two Bedroom - Loft Model at Piedmont Flour Mill Lofts in the in the Tate Springs neighborhood starting from $1,665. The second greatest value Phenix apartment is the 3 Bed/2 Bath Type 1 Model at Town Center Apartments starting at $1,700 with a $1.25 price per square foot in the College Hill neighborhood. Here is today’s list of the best values for Phenix apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Piedmont Flour Mill LoftsTwo Bedroom - Loft2BR,2BA$1.09
Town Center Apartments3 Bed/2 Bath Type 13BR,2BA$1.25
The Gardens on TimberlakeThe Lotus Bloom3BR,2BA$1.21
Park Place Apartments3BR/2BA Renovated3BR,2BA$1.16
Legacy at Linden ParkThe Keswick2BR,2BA$1.43
Del Ray Townhomes2 BR/1 BA RENO2BR,1BA$1.19
WillowBrook Luxury ApartmentsPhase 1-Call for availability before applying1BR,1BA$1.14
The Westie in Madison Heights2 BR2BR,2BA$1.45
Midtown Lofts1 Bed 1 Bath1BR,1BA$1.19
Miller's Rest ApartmentsTrundle1BR,1BA$0.96

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Phenix, VA

Ranked #171

Among cities in Virginia for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Phenix, VA Rentals by Map

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See the most popular apartments and homes in Phenix, VA

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Getting Around Phenix, VA

Walk Score®

4 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

14 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Phenix Apartments

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

The lowest price for a Cheap One Bedroom Phenix Apartment is $679 at Miller's Rest Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Phenix is starting from $803 at Miller's Rest Apartments.

What is the most affordable Phenix Three Bedroom Apartment?

The best deal on a cheap Phenix Three Bedroom Apartment rental is at Miller's Rest Apartments and starts from $925.

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.