Cheap Apartments for Rent in Phoenix, IL from $600 (60 Rentals)
Search the lowest-cost Apartments available for rent right now in Phoenix.

211 E 161st Pl, Unit 1

13946 S State St, Unit Basement apartment
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.
Phoenix, IL Local Guide

How much does it cost to rent an apartment in Phoenix?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Phoenix 1 Bedroom Apartments | $1,116 | $950 | $1,200 |
Cheap Phoenix 2 Bedroom Apartments | $1,441 | $1,375 | $1,550 |
Cheap Phoenix 3 Bedroom Apartments | $2,225 | $1,700 | $2,750 |
Browse Top Apartments in Phoenix
See all Apartments in PhoenixExplore Phoenix
Phoenix, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Phoenix Apartments for Rent
 The cheapest available apartment rental in Phoenix, IL is a 2 Beds unit found at 14122 S School St in the College District neighborhood priced from $1,085. 14101 S Atlantic Ave in the College District neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,120. Here is today’s list of the most affordable Phoenix apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
14122 S School St | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,085 |
14101 S Atlantic Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,120 |
14119-21 S Tracy Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,130 |
Best Value Apartments for Rent in Phoenix, IL
As of April 26, 2025 the best value apartment in the Phoenix area is the $1.42 price per square foot 2 Bedroom 1 Bath Apartment Model at 14101 S Atlantic Ave in the in the College District neighborhood starting from $1,120. The second greatest value Phoenix apartment is the 2 Bedroom 1 Bath Apartment Model at 14122 S School St starting at $1,085 with a $1.53 price per square foot in the College District neighborhood. Here is today’s list of the best values for Phoenix apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
14101 S Atlantic Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.42 |
14122 S School St | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.53 |
14119-21 S Tracy Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.62 |
15423 Marshfield Ave, Unit 2S | 15423 Marshfield Ave | 1BR,1BA | $1.58 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Phoenix, IL Rentals by Map
See the most popular apartments and homes in Phoenix, IL
Getting Around Phoenix, IL
Walk Score®
37 / 100
Car-Dependent
Most errands require a car
Bike Score®
42 / 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.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.