Search the lowest-cost Apartments available for rent right now in Phenix.
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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.
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.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phenix Studio Apartments | $926 | $790 | $1,095 |
| Phenix 1 Bedroom Apartments | $1,157 | $684 | $1,792 |
| Phenix 2 Bedroom Apartments | $1,400 | $795 | $3,790 |
| Phenix 3 Bedroom Apartments | $1,681 | $930 | $4,220 |
| Phenix 4 Bedroom Apartments | $2,223 | $1,615 | $2,350 |
The cheapest available apartment rental in Phenix, VA is a 1 Bed unit found at Miller's Rest Apartments in the Wyndhurst neighborhood priced from $684. Wesley Apartments - Senior Living Community in the Wyndhurst neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here is today’s list of the most affordable Phenix apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Miller's Rest Apartments | Rhine | 1BR,1BA | $684 |
| Wesley Apartments - Senior Living Community | Studio UFAS w/ Ramp-Stair Access | Studio,1BA | $790 |
| Beechwood | Large 1 Bed/ 1 Bath | 1BR,1BA | $845 |
| Elora Gardens Lynchburg | 1 Bedroom | 1BR,1BA | $854 |
| 500 Euclid Avenue | 500 | 1BR,1BA | $895 |
| 1701 12th Street | 1701 12th Street - 405 | Studio,1BA | $925 |
| Park Place Apartments | 2BR/2BA | 2BR,2BA | $995 |
| Church Street Townhomes | 2 Bedroom, 1 Bathroom | 2BR,1BA | $995 |
| Grand Vistas | Magnolia Loft | 2BR,2BA | $1,045 |
| 7 Hills Townhomes | B1 | 2BR,2BA | $1,090 |
As of August 07, 2026 the best value apartment in the Phenix area is the $1.05 price per square foot 3BR 2.5BA Model at 100 Independence Ln in the starting from $1,895. The second greatest value Phenix apartment is the 2 Bed 2 Bath Model at River Lofts West starting at $1,979 with a $1.21 price per square foot in the College Hill neighborhood. Here is today’s list of the best values for Phenix apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 100 Independence Ln | 3BR 2.5BA | 3BR,2.5BA | $1.05 |
| River Lofts West | 2 Bed 2 Bath | 2BR,2BA | $1.21 |
| Kendall Square | 3 Bed/ 2 Bath | 3BR,2BA | $0.97 |
| WillowBrook Luxury Apartments | Phase 2-Call for availability before applying | 4BR,2BA | $1.15 |
| Cornerstone Lofts | 2 Bed 2 Bath | 2BR,2BA | $1.04 |
| The Oasis (Student Housing) | 4 BR Semester Lease | 4BR,2BA | $0.67 |
| Cornerstone Columns | 3 Bedroom | 3BR,2BA | $1.17 |
| Park Place Apartments | 3BR/2BA | 3BR,2BA | $1.01 |
| Grand Vistas | Dogwood | 1BR,1BA | $1.07 |
| Miller's Rest Apartments | Pritchell | 2BR,2BA | $0.85 |
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 ArticleFrom 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.
Read ArticleThe 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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Currently the most affordable Cheap Studio Apartment in Phenix is at Wesley Apartments - Senior Living Community listed at $790.
The lowest price for a Cheap One Bedroom Phenix Apartment is $684 at Miller's Rest Apartments.
Today's best deal for a Cheap Two Bedroom Apartment in Phenix is starting from $808 at Miller's Rest Apartments.
The best deal on a cheap Phenix Three Bedroom Apartment rental is at Miller's Rest Apartments and starts from $930.
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.
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.
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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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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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.
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