
Cheap Homes for Rent in Phelps, KY from $400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Phelps.


1621 Dawson Ave W

237 Elm St

422 City Ave
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.

268 Post Rd

1822 Derby Rd

98 Goodman Dr

1236 Sunrise Dr
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Phelps, KY Local Guide

How much does it cost to rent a home in Phelps?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phelps 2 Bedroom Homes for Rent | $1,197 | $850 | $1,850 |
| Phelps 3 Bedroom Homes for Rent | $1,300 | $631 | $1,750 |
| Phelps 4 Bedroom Homes for Rent | $2,078 | $1,013 | $3,500 |
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Phelps, KY Local Guide
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Cheapest Available Phelps Apartments for Rent and Nearby
 The cheapest available apartment rental in Phelps, KY is a 1 Bed unit found at Fort Gay Apartments priced from $600. Eagle Valley has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Phelps apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fort Gay Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $600 |
| Eagle Valley | Studio | 1BR,1BA | $600 |
| Edward''s Crossing II | 3 Bedroom Unit | 3BR,1BA | $657 |
Best Value Apartments for Rent in Phelps, KY and Nearby
As of December 26, 2025 the best value apartment in the Phelps area is the $1.18 price per square foot 3Bed1.5Bath Model at The Oaks Apartments in the in the Outer S Charleston Kanawha City neighborhood starting from $1,500. The second greatest value Phelps apartment is the 3 Bedroom Unit Model at Edward''s Crossing II starting at $657 with a $0.60 price per square foot . Here is today’s list of the best values for Phelps apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Oaks Apartments | 3Bed1.5Bath | 3BR,1.5BA | $1.18 |
| Edward''s Crossing II | 3 Bedroom Unit | 3BR,1.5BA | $0.60 |
| Oakbrook | 2BR/2BA | 2BR,2BA | $0.90 |
| Country Club Village Apartments | 2 Bedroom 1 Bath Garden Apartment . Approximate... | 2BR,1BA | $1.10 |
| Emerald Gardens | 2 bedrooms | 2BR,1.5BA | $0.84 |
| Sawgrass Greene | 2 Bedroom Unit | 2BR,1BA | $0.80 |
| Patriot Terrace (FKA Parkview Terrace) | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.94 |
| Patriot East (FKA River East) | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.13 |
| Fort Gay Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.95 |
| Eagle Valley | Studio | 1BR,1BA | $1.13 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Phelps
What type of rentals are currently available in Phelps?
There are currently 46 Apartments for Rent in Phelps, KY with pricing that ranges from $475 to $4,150. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phelps ranging from $450 to $3,500.
What is the current price range for Rental Homes in Phelps?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Phelps ranges from $450 to $3,500 with an average monthly rent of $1,328.
How much are larger Three and Four Bedroom Rentals in Phelps?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Phelps range from $800 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $631 to $1,750. Four Bedroom Single-Family rentals are also available starting from $1,013 and Four Bedroom Apartments start at $937.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!