
Cheap Homes for Rent in Phoenix, IL from $1,000 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Phoenix.


2118 135th Pl

12863 S Normal Ave

14047 S School St
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.

515 East End Ave

17058 Anthony Ave

17058 Anthony Ave

557 W 126th St
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.

14733 S Edbrooke Ave

13269 S Eberhart Ave

14517 Oakley Ave

1980 State St
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 a home in Phoenix?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Phoenix 2 Bedroom Homes for Rent | $1,608 | $1,400 | $1,975 |
Phoenix 3 Bedroom Homes for Rent | $2,032 | $1,500 | $3,000 |
Phoenix 4 Bedroom Homes for Rent | $2,630 | $1,400 | $3,100 |
Phoenix 5 Bedroom Homes for Rent | $3,106 | $2,600 | $3,475 |
Phoenix 6 Bedroom Homes for Rent | $3,625 | $3,450 | $3,800 |
Browse Top Homes for Rent in Phoenix
Explore Phoenix
Phoenix, IL Local Guide
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Cheapest Available Phoenix Apartments for Rent and Nearby
 Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
14021 S Tracy Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,125 |
Best Value Apartments for Rent in Phoenix, IL and Nearby
As of May 12, 2025 the best value apartment in the Phoenix area is the $0.81 price per square foot 13831 S Illinois St Model at 13831 S Illinois St, Unit 2 in the in the College District neighborhood starting from $1,375. The second greatest value Phoenix apartment is the 13825 S Illinois St Model at 13825 S Illinois St, Unit 1 starting at $1,200 with a $1.00 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. |
---|---|---|---|
13831 S Illinois St, Unit 2 | 13831 S Illinois St | 2BR,1BA | $0.81 |
13825 S Illinois St, Unit 1 | 13825 S Illinois St | 1BR,1BA | $1.00 |
13946 S State St, Unit Garden apartment | 13946 S State St | 2BR,1BA | $1.50 |
14021 S Tracy Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.49 |
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.
Frequently Asked Questions about Phoenix
What type of rentals are currently available in Phoenix?
There are currently 163 Apartments for Rent in Phoenix, IL with pricing that ranges from $1,200 to $1,750. There are also 41 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 $2,362.
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.

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.

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.

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.

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.