Cheap Homes for Rent in Phelps, KY from $700 (19 Rentals)

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

property at 34 Blackstone Ln

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

2 Bedroom, 1 Bath Home for Rent

Available Now

34 Blackstone Ln

CastlewoodVA24224
property at 117 Whitetop Rd

$775

Total Monthly Price

Total Monthly Price

Base Rent
$775

Total Monthly Price
$775

1 Bedroom, 1 Bath Home for Rent

Available Now

117 Whitetop Rd

ChilhowieVA24319

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.

property at 122 E Main St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 2 Bath Home for Rent

Available Now

122 E Main St

LebanonVA24266
property at 121 E Main St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

121 E Main St

ChilhowieVA24319

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.

property at 108 E Buck Ave

$900 - $1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 To 5 Bedroom Rentals

Available Now

108 E Buck Ave

Rural RetreatVA24368
property at 1054 Beverly Hills Dr

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

Studio, 1 Bath Home for Rent

Available Now

1054 Beverly Hills Dr

North TazewellVA24630
property at 213 Post Rd

$1,050 - $1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

3 Bedroom Rentals

Available Jun 18

213 Post Rd

Falls MillsVA24613

Cash 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.

property at 210 E Withers Rd

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Townhome for Rent

Available Now

210 E Withers Rd

WythevilleVA24382

Phelps, KY Local Guide

Cheapest Available Phelps Apartments for Rent and Nearby

 

The cheapest available apartment rental in Phelps, KY is a 1 Bed unit found at Edward''s Crossing II priced from $486. Patriot East (FKA River East) in the Outer S Charleston Kanawha City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here is today’s list of the most affordable Phelps apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Edward''s Crossing II1 Bedroom Unit1BR,1BA$486
Patriot East (FKA River East)1 Bedroom 1 Bathroom1BR,1BA$595
Fort Gay Apartments1 Bedroom 1 Bathroom1BR,1BA$600
Pine Meadows Apartments1br2BR,1BA$605
Pauli Heights1 Bedroom1BR,1BA$625

Best Value Apartments for Rent in Phelps, KY and Nearby

As of May 26, 2026 the best value apartment in the Phelps area is the $0.86 price per square foot 4/3.00 (Garage) - D1G Model at Willow Run in the starting from $1,824. The second greatest value Phelps apartment is the 3BD-2.5BTH Model at Fincastle Farms starting at $1,200 with a $0.86 price per square foot . Here is today’s list of the best values for Phelps apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Willow Run4/3.00 (Garage) - D1G4BR,3BA$0.86
Fincastle Farms3BD-2.5BTH3BR,2.5BA$0.86
Oakmont Greene II4 Bedroom TH4BR,2BA$0.87
Sawgrass Greene3 Bedroom Unit3BR,1.5BA$0.94
Oakbrook2BR/2BA2BR,2BA$0.90
Edward''s Crossing II1 Bedroom Unit1BR,1BA$0.69
Patriot East (FKA River East)1 Bedroom 1 Bathroom1BR,1BA$0.89
Pauli Heights1 Bedroom1BR,1BA$0.95
Fort Gay Apartments1 Bedroom 1 Bathroom1BR,1BA$0.95
Pine Meadows Apartments1br1BR,1BA$0.96

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 Article
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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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 51 Apartments for Rent in Phelps, KY with pricing that ranges from $475 to $4,150. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phelps ranging from $700 to $2,800.

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 $700 to $2,800 with an average monthly rent of $1,266.

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 $1,000 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,006.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.