Cheap Apartments for Rent in Phenix, VA from $500 (20 Rentals)

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Search the lowest-cost Apartments available for rent right now in Phenix.

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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
Showing Results 1-20, Page 1 of 1

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 $679. Elora Gardens Lynchburg in the Tate Springs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $696. Here is today’s list of the most affordable Phenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Miller's Rest ApartmentsTrundle1BR,1BA$679
Elora Gardens Lynchburg1 Bedroom1BR,1BA$696
The Doyne3 Bed/2 Bath3BR,2BA$700
Beechwood1 Bed/ 1 Bath1BR,1BA$780
Wesley Apartments - Senior Living CommunityStudio (Stair or Ramp Access)Studio,1BA$820

Best Value Apartments for Rent in Phenix, VA and Nearby

As of June 26, 2025 the best value apartment in the Phenix area is the $0.47 price per square foot 3 Bed/2 Bath Model at The Doyne in the starting from $700. The second greatest value Phenix apartment is the 3 Bed/2 Bath Type 1 Model at Town Center Apartments starting at $1,700 with a $1.25 price per square foot . 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.
The Doyne3 Bed/2 Bath3BR,2BA$0.47
Town Center Apartments3 Bed/2 Bath Type 13BR,2BA$1.25
Park Place Apartments3BR/2BA Renovated3BR,2BA$1.16
Parkside Grande at Cornerstone2BR2BR,2BA$1.09
Legacy at Linden ParkThe Hillsborough1BR,1BA$1.41
Cardinal's Crest Apartments2 Bedroom Townhome2BR,1.5BA$1.28
Midtown Lofts1 Bed 1 Bath1BR,1BA$1.19
Ivy Ridge2 BR2BR,1BA$1.24
Miller's Rest ApartmentsTrundle1BR,1BA$0.96
Beechwood1 Bed/ 1 Bath1BR,1BA$1.22

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Pet Friendly Lifestyle
Phenix, VA

Ranked #65

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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See the most popular apartments and homes in Phenix, VA

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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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $679 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 $803 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 The Doyne and starts from $700.

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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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.