Cheap Homes for Rent in Phelps County, MO from $700 (3 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.

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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.

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Best Value Apartments for Rent in Phelps County, MO

As of April 28, 2026 the best value apartment in the Phelps County area is the $1.29 price per square foot 3 Bedroom 3 Bath Spring/Fall 2026 Pre-Lease Model at The Lodges at Rolla in the starting from $1,800. The second greatest value Phelps County apartment is the One-Bedroom Model at Rolla Senior Apartments starting at $958 with a $2.05 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 Rolla3 Bedroom 3 Bath Spring/Fall 2026 Pre-Lease3BR,3BA$1.29
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 85 Apartments for Rent in Phelps County, MO with pricing that ranges from $425 to $2,175. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phelps County ranging from $775 to $2,400.

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 $775 to $2,400 with an average monthly rent of $1,357.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.