Cheap Apartments for Rent in Phenix, VA from $500 (18 Rentals)

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Holland House
1 to 2 Bedroom Apartments

Holland House

3710 Fort AveLynchburg, VA 24501
  • Utilities Included
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Midtown on 12th
Studio to 1 Bedroom Apartments

Midtown on 12th

1701 12th StLynchburg, VA 24501
  • Utilities Included

Phenix, VA Local Guide

Cheapest Available Phenix Apartments for Rent and Nearby

 

The cheapest available apartment rental in Phenix, VA is a 1 Bed unit found at Elora Gardens Lynchburg in the Tate Springs neighborhood priced from $696. Cardinal's Crest Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $770. Here is today’s list of the most affordable Phenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elora Gardens Lynchburg1 Bedroom1BR,1BA$696
Cardinal's Crest Apartments1 Bedroom1BR,1BA$770
Beechwood1 Bed/ 1 Bath1BR,1BA$780
Wesley Apartments - Senior Living CommunityStudio (Stair or Ramp Access)Studio,1BA$820
Midtown Lofts1 Bed 1 Bath1BR,1BA$895

Best Value Apartments for Rent in Phenix, VA and Nearby

As of August 23, 2025 the best value apartment in the Phenix area is the $0.69 price per square foot 2BR/2.0BA Model at River Lofts West in the in the College Hill neighborhood starting from $1,240. The second greatest value Phenix apartment is the 3 Bedroom - All Inclusive Model at The Reserve -All Utilities Included&Furnished starting at $825 with a $0.58 price per square foot in the Wyndhurst neighborhood. Here is today’s list of the best values for Phenix apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
River Lofts West2BR/2.0BA2BR,2BA$0.69
The Reserve -All Utilities Included&Furnished3 Bedroom - All Inclusive3BR,3.5BA$0.58
Belmont Landing ApartmentsThe Cumberland2BR,2BA$1.03
Logans Landing2 Bedrooms 2 Bath w/Sunroom2BR,2BA$1.23
Park Place Apartments3BR/2BA Renovated3BR,2BA$1.16
Grand VistasDogwood1BR,1BA$1.03
New Brick Historic Lofts2BR/2.0BA2BR,2BA$1.18
Mill's Crossing1 Bedroom1BR,1BA$1.19
Midtown Lofts1 Bed 1 Bath1BR,1BA$1.19
Beechwood1 Bed/ 1 Bath1BR,1BA$1.22

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Pet Friendly Lifestyle
Phenix, VA

Ranked #91

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Phenix, VA Rentals by Map

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Getting Around Phenix, VA

Walk Score®

4 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

14 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Phenix Apartments

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

The lowest price for a Cheap One Bedroom Phenix Apartment is $696 at Elora Gardens Lynchburg.

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

Today's best deal for a Cheap Two Bedroom Apartment in Phenix is starting from $830 at Elora Gardens Lynchburg.

What is the most affordable Phenix Three Bedroom Apartment?

The best deal on a cheap Phenix Three Bedroom Apartment rental is at Park Place Apartments and starts from $1,050.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.