Cheap Apartments for Rent near Phelps, NY from $500 (39 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Foster Block
1 to 3 Bedroom Apartments

Foster Block

7 Crane StClifton Springs, NY 14432
  • Utilities Included

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Woodhill
1 to 4 Bedroom Apartments

Woodhill

840 Peirson AveNewark, NY 14513
  • Utilities Included
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Northwood Townhouses
2 Bedroom Apartments

Northwood Townhouses

540-560 W North StGeneva, NY 14456
  • Utilities Included
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Parkside Apartments
1 to 3 Bedroom Apartments

Parkside Apartments

311 Washington StNewark, NY 14513
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Parkview Apartments
2 to 3 Bedroom Apartments

Parkview Apartments

310 Washington StNewark, NY 14513
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Sunlight Lane
1 to 2 Bedroom Apartments

Sunlight Lane

3044 Sunlight LnGeneva, NY 14456
  • Utilities Included

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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Showing Results 1-39, Page 1 of 1

Phelps, NY Local Guide

Cheapest Available Phelps Apartments for Rent and Nearby

 

The cheapest available apartment rental in Phelps, NY is a Studio unit found at Camelot Square Apartments priced from $900. Evergreen Hills in the Wayne County neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,049. Here is today’s list of the most affordable Phelps apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Camelot Square ApartmentsStudio 6/15 (Heat, Internet & TV App Incl.)Studio,1BA$900
Evergreen HillsAffordable 2 Bedroom2BR,1BA$1,049
Sheridan Park and Holiday ManorS1bdrm1BR,1BA$1,190
Northside Apartments2bedroom 1bath2BR,1BA$1,200
Spring Meadows2bd Ranch2BR,1BA$1,225
Reserve Pointe Apartments3 Bedroom, 2 Bath 1035-1196 sq. ft.3BR,2BA$1,800
The Village East ApartmentsTwo Bedroom One Bath2BR,1BA$1,912
Fairdale TownhomesThree Bedroom Remodeled3BR,2BA$1,925
Hathaway Meadows2 Bed 2 Bath Split Bdrm Upper2BR,2BA$1,940

Best Value Apartments for Rent in Phelps, NY and Nearby

As of August 16, 2026 the best value apartment in the Phelps area is the $1.66 price per square foot Creekwood Townhomes 3BR 2.5 BA Model at Creekwood Townhomes in the in the Victor Farmington neighborhood starting from $2,800. The second greatest value Phelps apartment is the 3 Bedroom Townhome- WAITLIST AD Model at Parkside Townhomes starting at $2,171 with a $1.42 price per square foot in the Victor Farmington neighborhood. 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.
Creekwood TownhomesCreekwood Townhomes 3BR 2.5 BA3BR,2.5BA$1.66
Parkside Townhomes3 Bedroom Townhome- WAITLIST AD3BR,2.5BA$1.42
Saratoga Crossing Apartments & TownhomesTwo Bedroom 2 Bath- 1273 sqft2BR,2BA$1.54
Fairdale TownhomesThree Bedroom Remodeled3BR,2.5BA$1.55
Auburn Creek Apartment HomesTwo Bedroom 2 Bath- 1238 sqft2BR,2BA$1.62
Spring Meadows2bd Ranch2BR,1BA$1.00
Reserve Pointe Apartments3 Bedroom, 2 Bath 1035-1196 sq. ft.3BR,2BA$1.51
Evergreen HillsAffordable 2 Bedroom2BR,1BA$1.15
Northside Apartments2bedroom 1bath2BR,1BA$1.41
2610 Lyons Rd, Unit Lower Front2610 Lyons Rd1BR,1BA$1.16

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.

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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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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 Cheap Phelps Apartments

How much is rent for a Cheap One Bedroom Phelps Apartment?

The lowest price for a Cheap One Bedroom Phelps Apartment is $1,084 at Camelot Square Apartments.

What is the lowest price for a Cheap Two Bedroom Phelps Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Phelps is starting from $1,049 at Evergreen Hills.

What is the most affordable Phelps Three Bedroom Apartment?

The best deal on a cheap Phelps Three Bedroom Apartment rental is at Reserve Pointe Apartments and starts from $1,800.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.