Cheap Homes for Rent in Phelps, NY from $1,200 (10 Rentals)

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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.

Phelps, NY Local Guide

Cheapest Available Phelps Apartments for Rent and Nearby

 

The cheapest available apartment rental in Phelps, NY is a 2 Beds unit found at Farmington Manor in the Victor Farmington neighborhood priced from $1,100. Camelot Square Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,148. Here is today’s list of the most affordable Phelps apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Farmington Manor2 Bedroom / 1 Bathrom2BR,1BA$1,100
Camelot Square Apartments2 BR 1 Bth (Heat, Internet & TV App Incl.2BR,1BA$1,148
Reserve Pointe ApartmentsStudio, 1 Bath 432 sq. ft.Studio,1BA$1,200

Best Value Apartments for Rent in Phelps, NY and Nearby

As of April 15, 2026 the best value apartment in the Phelps area is the $1.35 price per square foot 3 Bedroom Townhome- WAITLIST AD Model at Parkside Townhomes in the in the Victor Farmington neighborhood starting from $2,064. The second greatest value Phelps apartment is the Two Bedroom 2.5 Bath Townhome - 1,356 sqft Model at The Links at CenterPointe Townhomes starting at $2,275 with a $1.68 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.
Parkside Townhomes3 Bedroom Townhome- WAITLIST AD3BR,2.5BA$1.35
The Links at CenterPointe TownhomesTwo Bedroom 2.5 Bath Townhome - 1,356 sqft2BR,2.5BA$1.68
Spring Meadows2bd Ranch2BR,1BA$1.00
Villas of Victor and Regency TownhomesTwo Bedroom 2 Bath (Villas of Victor)2BR,2BA$1.68
Auburn Creek Apartment HomesTwo Bedroom 2 Bath- 1165 sqft2BR,2BA$1.72
Stone Hedge Village Townhouses2 bedroom townhouse - Phase I2BR,1BA$1.46
Parkview Apartments2/1 Garden2BR,1BA$1.33
Camelot Square Apartments2 BR/1 Bth split level Incl.HEAT2BR,1.5BA$1.58
Northside Apartments2bedroom 1bath2BR,1BA$1.41
Sheridan Park and Holiday ManorH2bdrm2BR,1BA$1.57

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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.

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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 76 Apartments for Rent in Phelps, NY with pricing that ranges from $818 to $4,835. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phelps ranging from $1,200 to $5,500.

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 $1,200 to $5,500 with an average monthly rent of $2,156.

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 $1,100 to $4,455, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,885.

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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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.

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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.