Cheap Homes for Rent in Phenix, VA from $600 (12 Rentals)

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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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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
The Westie in Madison Heights1 BR1BR,1BA$1,015

Best Value Apartments for Rent in Phenix, VA and Nearby

As of May 10, 2025 the best value apartment in the Phenix area is the $0.47 price per square foot 3 Bed/3 Bath Model at The Doyne in the starting from $800. The second greatest value Phenix apartment is the Two Bedroom - Loft Model at Piedmont Flour Mill Lofts starting at $1,665 with a $1.09 price per square foot in the Tate Springs 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.
The Doyne3 Bed/3 Bath3BR,3BA$0.47
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
Del Ray Townhomes2 BR/1 BA RENO2BR,1BA$1.19
City Place at Wyndhurst2 BR2BR,2BA$1.28
WillowBrook Luxury ApartmentsPhase 1-Call for availability before applying1BR,1BA$1.14
Midtown Lofts1 Bed 1 Bath1BR,1BA$1.19
Miller's Rest ApartmentsTrundle1BR,1BA$0.96

Quick Rent Budget Calculator

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Frequently Asked Questions about Phenix

What type of rentals are currently available in Phenix?

There are currently 52 Apartments for Rent in Phenix, VA with pricing that ranges from $679 to $4,496. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phenix ranging from $675 to $2,400.

What is the current price range for Rental Homes in Phenix?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Phenix ranges from $675 to $2,400 with an average monthly rent of $1,406.

How much are larger Three and Four Bedroom Rentals in Phenix?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Phenix range from $760 to $4,496, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $2,100. Four Bedroom Single-Family rentals are also available starting from $975 and Four Bedroom Apartments start at $1,590.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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

Written by: Brandie Parton

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