Cheap Apartments for Rent in Phoenix, IL from $600 (91 Rentals)
Search the lowest-cost Apartments available for rent right now in Phoenix.
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 | $1,200 | $1,200 | $1,200 |
Cheap Phoenix 3 Bedroom Apartments | $2,200 | $2,200 | $2,200 |
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 1 Bed unit found at 13905-37 S Clark St in the College District neighborhood priced from $1,050. 14138 S School St in the College District neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,130. Here is today’s list of the most affordable Phoenix apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
13905-37 S Clark St | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,050 |
14138 S School St | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,130 |
14015 S Tracy Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,150 |
14538 S Cottage Grove Ave | 2 Bedroom Apartment | 2BR,1BA | $1,180 |
Best Value Apartments for Rent in Phoenix, IL
As of February 26, 2025 the best value apartment in the Phoenix area is the $2.20 price per square foot 408 E 144th St Model at 408 E 144th St, Unit 3 bedroom unit in the in the College District neighborhood starting from $2,200. The second greatest value Phoenix apartment is the 2 Bedroom 1 Bath Apartment Model at 14138 S School St starting at $1,130 with a $1.31 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. |
---|---|---|---|
408 E 144th St, Unit 3 bedroom unit | 408 E 144th St | 3BR,1BA | $2.20 |
14138 S School St | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.31 |
14015 S Tracy Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.52 |
14538 S Cottage Grove Ave | 2 Bedroom Apartment | 2BR,1BA | $1.59 |
13905-37 S Clark St | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.53 |
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.
Frequently Asked Questions about Cheap Phoenix Apartments
How much is rent for a Cheap One Bedroom Phoenix Apartment?
The lowest price for a Cheap One Bedroom Phoenix Apartment is $1,045 at 13905-37 S Clark St.
What is the most affordable Phoenix Three Bedroom Apartment?
The best deal on a cheap Phoenix Three Bedroom Apartment rental is at and starts from $2,200.
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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.