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$684 - $1,141
Total Monthly Price
Base Rent$679 - $1,136
Required Monthly Fees$5
Total Monthly Price$684 - $1,141
Miller's Rest Apartments
6125 Old Mill RdLynchburg, VA 24502
Cheap Apartments for Rent near Phenix, VA from $684 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in Phenix.
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$770 - $1,035
Total Monthly Price
Base Rent$770 - $1,035
Total Monthly Price$770 - $1,035
Cardinal's Crest Apartments
41 Point DrLynchburg, VA 24502
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$795
Total Monthly Price
Base Rent$795
Total Monthly Price$795
Charanne
4993 S Amherst HwyMadison Heights, VA 24572
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$815 - $1,280
Total Monthly Price
Base Rent$785 - $1,250
Required Monthly FeesVaries
Total Monthly PriceVaries
Timber East Apartments
119 Shrader LnLynchburg, VA 24502
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Rent Specials
$825 - $995
Total Monthly Price
Base Rent$825 - $995
Total Monthly Price$825 - $995
500 Euclid Avenue
500 Euclid AveLynchburg, VA 24501
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$840 - $1,100
Total Monthly Price
Base Rent$840 - $1,100
Total Monthly Price$840 - $1,100
Wesley Apartments - Senior Living Community
1201 Long Meadows DrLynchburg, VA 24502
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$845 - $1,065
Total Monthly Price
Base Rent$810 - $1,030
Required Monthly Fees$35
Total Monthly Price$845 - $1,065
Beechwood
549 Beechwood DrLynchburg, VA 24502
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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$854 - $1,024
Total Monthly Price
Base Rent$854 - $1,024
Total Monthly PriceVaries
Elora Gardens Lynchburg
701 Hollins StLynchburg, VA 24504
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$895 - $1,695
Total Monthly Price
Base Rent$895 - $1,695
Total Monthly Price$895 - $1,695
Church Street Townhomes
1312 Church StLynchburg, VA 24504
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$920 - $1,292
Total Monthly Price
Base Rent$878 - $1,250
Required Monthly FeesVaries
Total Monthly PriceVaries
1 Element
22 Apala CirLynchburg, VA 24502
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$950
Total Monthly Price
Base Rent$950
Total Monthly Price$950
The Wayne
1500 Main StLynchburg, VA 24504
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$995 - $1,400
Total Monthly Price
Base Rent$995 - $1,400
Total Monthly Price$995 - $1,400
Park Place Apartments
2404 Tate Springs RdLynchburg, VA 24501
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$995 - $2,195
Total Monthly Price
Base Rent$995 - $2,195
Total Monthly Price$995 - $2,195
12th & Court Lofts
400 12th StLynchburg, VA 24504
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$999 - $1,399
Total Monthly Price
Base Rent$900 - $1,300
Required Monthly Fees$99
Total Monthly Price$999 - $1,399
Imperial Tobacco Lofts
1220 Commerce StLynchburg, VA 24504
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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1 to 2 Bedroom Apartments
Holland House
3710 Fort AveLynchburg, VA 24501
57 Torrence Ct
BrooknealVA24528
47 Bonnydale Ln
ConcordVA24538
15 Bonnydale Ln
ConcordVA24538
27 Bonnydale Ln
ConcordVA24538
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2 Bedroom Apartments
Daniel Hill Apartments
103 Daniel StBrookneal, VA 24528
2037 Piney Grove Rd
GretnaVA24557
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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2 to 3 Bedroom Apartments
Jobbers Overall
1501 Kemper StLynchburg, VA 24501
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1 to 2 Bedroom Apartments
Midtown Lofts
2734 Fort AveLynchburg, VA 24501
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2 to 3 Bedroom Apartments
Ivy Ridge
1609 McVeigh RdLynchburg, VA 24502
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1 to 2 Bedroom Apartments
Lakeside Plaza Apartments
1125 Lakeside DrLynchburg, VA 24501
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Studio to 1 Bedroom Apartments
1701 12th Street
1701 12th StLynchburg, VA 24501
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2 Bedroom Apartments
317 Grove Street
317 Grove StLynchburg, VA 24501
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1 to 2 Bedroom Apartments
Midpoint
1101 Jefferson StLynchburg, VA 24504
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.
534 Logan St
South BostonVA24592
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1 to 2 Bedroom Apartments
Virginia Laundry Lofts
712 12th StLynchburg, VA 24504
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1 Bedroom Apartments
723 Jefferson Street
723 Jefferson StreetLynchburg, VA 24504
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Phenix, VA Local Guide
Antique Car in Virginia by dbnunley is licensed under CC BY 2.0
How much does it cost to rent an apartment in Phenix?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phenix Studio Apartments | $947 | $840 | $1,095 |
| Phenix 1 Bedroom Apartments | $1,162 | $684 | $1,685 |
| Phenix 2 Bedroom Apartments | $1,414 | $795 | $3,375 |
| Phenix 3 Bedroom Apartments | $1,662 | $1,135 | $3,800 |
| Phenix 4 Bedroom Apartments | $2,247 | $1,615 | $2,350 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Phenix
See all Apartments in PhenixExplore Phenix
Phenix, VA Local Guide
- Nearby Cities
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Cheapest Available Phenix Apartments for Rent and Nearby
The cheapest available apartment rental in Phenix, VA is a Studio unit found at Wesley Apartments - Senior Living Community in the Wyndhurst neighborhood priced from $840. Elora Gardens Lynchburg in the Tate Springs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $854. Here is today’s list of the most affordable Phenix apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wesley Apartments - Senior Living Community | Studio w/o Ramp-Stair Access | Studio, 1BA | $840 |
| Elora Gardens Lynchburg | 1 Bedroom | 1BR, 1BA | $854 |
| 1701 12th Street | 1701 12th Street - 301 | 1BR, 1BA | $895 |
| Park Place Apartments | 2BR/2BA | 2BR, 2BA | $995 |
| Church Street Townhomes | 2 Bedroom, 1 Bathroom | 2BR, 1BA | $995 |
| Mill's Crossing | 1 Bedroom | 1BR, 1BA | $1,049 |
| Miller's Rest Apartments | Pritchell | 2BR, 2BA | $1,060 |
| 7 Hills Townhomes | B1 | 2BR, 2BA | $1,090 |
| 12th & Court Lofts | 1st Floor Studio | Studio, 1BA | $1,095 |
| Piedmont Flour Mill Lofts | One Bedroom | 1BR, 1BA | $1,099 |
Best Value Apartments for Rent in Phenix, VA and Nearby
As of September 22, 2026 the best value apartment in the Phenix area is the $0.58 price per square foot 3 Bedroom - All Inclusive Model at The Reserve - All Inclusive Student Community in the Wyndhurst neighborhood starting from $825. The second greatest value Phenix apartment is the The Cumberland Model at Belmont Landing Apartments starting at $1,625 with a $1.15 price per square foot. 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. |
|---|---|---|---|
| The Reserve - All Inclusive Student Community | 3 Bedroom - All Inclusive | 3BR, 3.5BA | $0.58 |
| Belmont Landing Apartments | The Cumberland | 2BR, 2BA | $1.15 |
| The Gardens on Timberlake | The Orchid Bloom | 3BR, 2BA | $1.19 |
| Cornerstone Lofts | 2 Bed 2 Bath | 2BR, 2BA | $1.04 |
| Kendall Square | 2 Bed/ 2 Bath | 2BR, 2BA | $1.00 |
| Piedmont Flour Mill Lofts | One Bedroom | 1BR, 1BA | $0.92 |
| Parkside Grande at Cornerstone | 3BR | 3BR, 2BA | $1.10 |
| Park Place Apartments | 3BR/2BA + Den Renovated | 3BR, 2BA | $1.21 |
| Grand Vistas | Dogwood | 1BR, 1BA | $1.01 |
| Miller's Rest Apartments | Pritchell | 2BR, 2BA | $1.12 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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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Quick Rent Budget Calculator
How much rent can you afford?
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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Explore Phenix, VA Rentals by Map
See the most popular apartments and homes in Phenix, VA
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 $840.
How much is rent for a Cheap One Bedroom Phenix Apartment?
The lowest price for a Cheap One Bedroom Phenix Apartment is $854 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 $995 at Park Place Apartments.
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 $1,135.
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
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.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.