Cheap Apartments for Rent in Phenix, VA from $500 (36 Rentals)

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Miller's Rest Apartments
$684 - $1,141
Total Monthly Price

Total Monthly Price

Base Rent
$679 - $1,136
Required Monthly Fees
$5

Total Monthly Price
$684 - $1,141
1 to 3 Bedroom Apartments Available Now

Miller's Rest Apartments

6125 Old Mill RdLynchburg, VA 24502
Affordability
  • Verified
  • Utilities Included
  • Low Income
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Timber East Apartments
$815 - $1,280
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$785 - $1,250
Required Monthly Fees
$30

Total Monthly Price
$815 - $1,280
1 to 2 Bedroom Apartments Available Jun 26

Timber East Apartments

119 Shrader LnLynchburg, VA 24502
Affordability
  • Verified
  • Utilities Included
  • 3D Tour
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Jobbers Overall
$864 - $996
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$864 - $996

Total Monthly Price
$864 - $996
2 to 3 Bedroom Apartments Contact Us For Availability

Jobbers Overall

1501 Kemper StLynchburg, VA 24501
Affordability
  • Verified
  • 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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317 Grove Street
$910 - $960
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$875 - $925
Required Monthly Fees
$35

Total Monthly Price
$910 - $960
2 Bedroom Apartments Available Now

317 Grove Street

317 Grove StLynchburg, VA 24501
Affordability
  • Verified
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1 Element
$920 - $1,292
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$878 - $1,250
Required Monthly Fees
$42

Total Monthly Price
$920 - $1,292
Studio to 2 Bedroom Apartments Contact Us For Availability

1 Element

22 Apala CirLynchburg, VA 24502
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
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Imperial Tobacco Lofts
$999 - $1,849
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900 - $1,750
Required Monthly Fees
$99

Total Monthly Price
$999 - $1,849
1 to 3 Bedroom Apartments Available Jul 10

Imperial Tobacco Lofts

1220 Commerce StLynchburg, VA 24504
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
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WillowBrook Luxury Apartments
$1,050 - $1,655
Total Monthly Price

Total Monthly Price

Base Rent
$985 - $1,590
Required Monthly Fees
$65

Total Monthly Price
$1,050 - $1,655
1 to 4 Bedroom Apartments Available Now

WillowBrook Luxury Apartments

120 Clubhouse DrLynchburg, VA 24502
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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Factory 88
$1,050
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050
1 Bedroom Apartments Available Jun 10

Factory 88

320 12th StLynchburg, VA 24504
Pet Friendly
  • Verified
  • Utilities Included
  • Smoke Free

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.

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Holland House
1 to 2 Bedroom Apartments

Holland House

3710 Fort AveLynchburg, VA 24501
  • Utilities Included
property at 209 Clark St

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

3 Bedroom, 2 Bath Home for Rent

Available Aug 1

209 Clark St

Madison HeightsVA24572
property at 534 Logan St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

3 Bedroom, 2 Bath Condo for Rent

Available Now

534 Logan St

South BostonVA24592
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Ivy Ridge
2 to 3 Bedroom Apartments

Ivy Ridge

1609 McVeigh RdLynchburg, VA 24502
  • Utilities Included
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Midtown Lofts
1 to 2 Bedroom Apartments

Midtown Lofts

2734 Fort AveLynchburg, VA 24501
  • Utilities Included
property at 504 Longwood Ave

$935

Total Monthly Price

Total Monthly Price

Base Rent
$900
Required Monthly Fees
$35

Total Monthly Price
$935

2 Bedroom, 1 Bath Home for Rent

Available Now

504 Longwood Ave

FarmvilleVA23901

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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River Lofts West
Studio to 2 Bedroom Apartments

River Lofts West

920-926 Commerce StLynchburg, VA 24504
property at 1810 Laurel St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Home for Rent

Available Now

1810 Laurel St

LynchburgVA24504
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723 Jefferson Street
1 Bedroom Apartments

723 Jefferson Street

723 Jefferson StreetLynchburg, VA 24504
  • Utilities Included
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Elora Gardens Lynchburg
1 to 2 Bedroom Apartments

Elora Gardens Lynchburg

701 Hollins StLynchburg, VA 24504
Senior Living
  • Utilities Included
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100 Horseford Rd
Studio to 2 Bedroom Apartments

100 Horseford Rd

100 Horseford RdLynchburg, VA 24504
property at 2210 Haden St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

2210 Haden St

LynchburgVA24501
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White Star Flats
1 to 2 Bedroom Apartments

White Star Flats

1217 Church StLynchburg, VA 24504
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605 Harrison St.
2 Bedroom Apartments

605 Harrison St.

605 6th StLynchburg, VA 24504
  • Smoke Free
property at 112 Montview Forest Dr

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Townhome for Rent

Available Now

112 Montview Forest Dr

LynchburgVA24502

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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 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 ListingModel NameBed/BathPriced From
Miller's Rest ApartmentsRhine1BR,1BA$684
Wesley Apartments - Senior Living CommunityStudio (Stair Access)Studio,1BA$790
Beechwood1 Bed/ 1 Bath1BR,1BA$820
Church Street Townhomes1 Bedroom, 1 Bathroom1BR,1BA$895
Midtown on 12thStudioStudio,1BA$895
317 Grove Street2 Bedroom 1 Bath - 487482BR,1BA$910
Cardinal's Crest Apartments2 Bedroom2BR,1BA$990
500 Euclid Avenue5222BR,1BA$995
12th & Court Lofts2nd Floor StudioStudio,1BA$995
Elora Gardens Lynchburg1 Bedroom1BR,1BA$996

Best Value Apartments for Rent in Phenix, VA and Nearby

As of May 08, 2026 the best value apartment in the Phenix area is the $1.01 price per square foot 3 Bed/ 2 Bath Model at Kendall Square in the in the Wyndhurst neighborhood starting from $1,430. The second greatest value Phenix apartment is the Phase 2-Call for availability before applying Model at WillowBrook Luxury Apartments starting at $1,615 with a $1.15 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.
Kendall Square3 Bed/ 2 Bath3BR,2BA$1.01
WillowBrook Luxury ApartmentsPhase 2-Call for availability before applying4BR,2BA$1.15
Town Center Apartments3 Bed/2 Bath Type 13BR,2BA$1.22
Cornerstone Lofts2 Bed 2 Bath2BR,2BA$1.07
The Gardens on TimberlakeThe Gardenia2BR,2BA$1.21
Grand VistasDogwood1BR,1BA$1.08
Park Place Apartments2BR/2BA Renovated2BR,2BA$1.13
Miller's Rest ApartmentsPritchell2BR,2BA$0.85
317 Grove Street2 Bedroom 1 Bath - 487482BR,1BA$0.97
Midtown on 12thStudioStudio ,1BA$1.07

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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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Phenix Apartments

What is the Cheapest Studio apartment in Phenix?

Currently the most affordable Cheap Studio Apartment in Phenix is at Wesley Apartments - Senior Living Community listed at $790.

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

The lowest price for a Cheap One Bedroom Phenix Apartment is $684 at Miller's Rest Apartments.

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 $808 at Miller's Rest Apartments.

What is the most affordable Phenix Three Bedroom Apartment?

The best deal on a cheap Phenix Three Bedroom Apartment rental is at Miller's Rest Apartments and starts from $930.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.