Cheap Homes for Rent in Phoenix, IL from $1,000 (12 Rentals)

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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.

Phoenix, IL Local Guide

Cheapest Available Phoenix Apartments for Rent and Nearby

 

The cheapest available apartment rental in Phoenix, IL is a Studio unit found at 14026 S School St in the College District neighborhood priced from $825. 14127 S School St in the College District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Phoenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
14026 S School StStudio ApartmentStudio,1BA$825
14127 S School St1 Bedroom 1 Bath Apartment1BR,1BA$950
14101 S Atlantic Ave2 Bedroom 1 Bath Apartment2BR,1BA$1,060
14538 S Cottage Grove Ave2 Bedroom Apartment2BR,1BA$1,185

Best Value Apartments for Rent in Phoenix, IL and Nearby

As of April 17, 2025 the best value apartment in the Phoenix area is the $1.34 price per square foot 2 Bedroom 1 Bath Apartment Model at 14101 S Atlantic Ave in the in the College District neighborhood starting from $1,060. The second greatest value Phoenix apartment is the 2 Bedroom Apartment Model at 14538 S Cottage Grove Ave starting at $1,185 with a $1.60 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 ListingModel NameBed/BathPrice Per Sq.Ft.
14101 S Atlantic Ave2 Bedroom 1 Bath Apartment2BR,1BA$1.34
14538 S Cottage Grove Ave2 Bedroom Apartment2BR,1BA$1.60
15423 Marshfield Ave, Unit 2S15423 Marshfield Ave1BR,1BA$1.58
14127 S School St1 Bedroom 1 Bath Apartment1BR,1BA$1.99
14026 S School StStudio ApartmentStudio ,1BA$1.90

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Frequently Asked Questions about Phoenix

What type of rentals are currently available in Phoenix?

There are currently 166 Apartments for Rent in Phoenix, IL with pricing that ranges from $950 to $2,750. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phoenix ranging from $1,000 to $3,800.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Phoenix ranges from $1,000 to $3,800 with an average monthly rent of $2,407.

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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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.

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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.

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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.