Cheap Apartments for Rent near Phelps, WI from $300 (34 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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Woods Hollow
1 to 3 Bedroom Apartments

Woods Hollow

9230 Independence WayWoodruff, WI 54568
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Copper Lantern
1 to 3 Bedroom Apartments

Copper Lantern

302 S Sophie StBessemer, MI 49911
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945 Woodward Ave
2 Bedroom Apartments

945 Woodward Ave

945 Woodward AveKingsford, MI 49802
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612 E McLeod Ave
1 Bedroom Apartments

612 E McLeod Ave

612 E McLeod AveIronwood, MI 49938

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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102 E Gogebic St
1 Bedroom Apartments

102 E Gogebic St

102 E Gogebic StIronwood, MI 49938
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Edgewood Manor
2 Bedroom Apartments

Edgewood Manor

9425 County JMinocqua, WI 54548
  • 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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100 S Marquette St
1 to 2 Bedroom Apartments

100 S Marquette St

100 S Marquette StIronwood, MI 49938
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Phelps, WI Local Guide

Cheapest Available Phelps Apartments for Rent and Nearby

 

The cheapest available apartment rental in Phelps, WI is a 2 Beds unit found at Greenwood Apartments priced from $200. Crivitz Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Phelps apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Greenwood Apartments2 bed2BR,1BA$200
Crivitz Estates1 bedroom1BR,1BA$795
The Lofts At City HallOne Bedroom1BR,1BA$800
SCS Merrill Apartment CommunitySeason 1 BR Lower1BR,1BA$865
T Bird Country ApartmentsStudio1BR,1BA$900
Aspen Village3X1.5F3BR,1BA$1,125
Alexander Estates Apartment CommunityFulton 1 BR Upper1BR,1BA$1,160
SCS Fox Point Apartment CommunityFulton 1 BR Lower1BR,1BA$1,160
Morgan Oaks Townhomes98942BR,1BA$1,180
DRISCOLL ROAD ESTATES2 Bedroom 2 Bathroom Lower2BR,2BA$1,340

Best Value Apartments for Rent in Phelps, WI and Nearby

As of August 03, 2026 the best value apartment in the Phelps area is the $0.93 price per square foot Three Bedroom Model at Forest Edge in the starting from $1,354. The second greatest value Phelps apartment is the 3X1.5F Model at Aspen Village starting at $1,125 with a $0.83 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.
Forest EdgeThree Bedroom3BR,2BA$0.93
Aspen Village3X1.5F3BR,1.5BA$0.83
DRISCOLL ROAD ESTATES2 Bedroom 2 Bathroom Lower2BR,2BA$1.17
Eagle Trails Estates2 Bedroom 2 Bathroom - Lower2BR,2BA$1.40
309 N Kyes St2 Bedroom2BR,1BA$1.52
The Lofts At City HallTwo Bedroom2BR,1BA$1.06
Crivitz Estates1 bedroom1BR,1BA$0.96
Morgan Oaks Townhomes98942BR,1BA$1.48
Alexander Estates Apartment CommunityFulton 1 BR Upper1BR,1BA$1.46
Greenwood Apartments1 bed1BR,1BA$0.33

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!

Explore Phelps, WI Rentals by Map

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See the most popular apartments and homes in Phelps, WI

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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 $200 at Greenwood 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 $200 at Greenwood Apartments.

What is the most affordable Phelps Three Bedroom Apartment?

The best deal on a cheap Phelps Three Bedroom Apartment rental is at Aspen Village and starts from $1,125.

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.