Cheap Homes for Rent in Phelps County, MO from $500 (4 Rentals)

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Search the lowest-cost Homes available for rent right now in Phelps County.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Best Value Apartments for Rent in Phelps County, MO

As of June 15, 2026 the best value apartment in the Phelps County area is the $0.46 price per square foot Rent By The Room Spring/Fall 2026 Model at The Lodges at Rolla in the starting from $650. The second greatest value Phelps County apartment is the 2217 Vienna Rd Model at 2217 Vienna Rd, Unit 2 starting at $700 with a $1.00 price per square foot . Here is today’s list of the best values for Phelps County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Lodges at RollaRent By The Room Spring/Fall 20261BR,1BA$0.46
2217 Vienna Rd, Unit 22217 Vienna Rd2BR,1BA$1.00
Rolla Senior ApartmentsOne-Bedroom1BR,1BA$2.05

Frequently Asked Questions about Phelps County

What type of rentals are currently available in Phelps County?

There are currently 80 Apartments for Rent in Phelps County, MO with pricing that ranges from $475 to $2,159. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phelps County ranging from $525 to $2,495.

What is the current price range for Rental Homes in Phelps County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Phelps County ranges from $525 to $2,495 with an average monthly rent of $1,306.

How much are larger Three and Four Bedroom Rentals in Phelps County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Phelps County range from $1,250 to $1,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $2,400. Four Bedroom Single-Family rentals are also available starting from $995 and Four Bedroom Apartments start at $1,375.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.