
Cheap Homes for Rent near Phenix, VA from $585 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Phenix.


57 Torrence Ct

155 Pomona Dr

47 Bonnydale Ln

15 Bonnydale Ln
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.

27 Bonnydale Ln

534 Logan St

14109 Red House Rd

1165 Hawkins Rd

537 Huston St
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.
Phenix, VA Local Guide

How much does it cost to rent a home in Phenix?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phenix 2 Bedroom Homes for Rent | $1,103 | $595 | $1,600 |
| Phenix 3 Bedroom Homes for Rent | $1,687 | $795 | $2,995 |
| Phenix 4 Bedroom Homes for Rent | $2,223 | $1,695 | $3,350 |
| Phenix 5 Bedroom Homes for Rent | $2,535 | $2,535 | $2,535 |
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Phenix, VA Local Guide
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Cheapest Available Phenix Apartments for Rent and Nearby
 The cheapest available apartment rental in Phenix, VA is a 1 Bed unit found at 500 Euclid Avenue in the Montview neighborhood priced from $825. Wesley Apartments - Senior Living Community in the Wyndhurst neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here is today’s list of the most affordable Phenix apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 500 Euclid Avenue | 500 | 1BR,1BA | $825 |
| Wesley Apartments - Senior Living Community | Studio w/o Ramp-Stair Access | Studio,1BA | $840 |
| Elora Gardens Lynchburg | 1 Bedroom | 1BR,1BA | $854 |
Best Value Apartments for Rent in Phenix, VA and Nearby
As of August 30, 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 in the Wyndhurst neighborhood starting from $825. The second greatest value Phenix apartment is the 2 Bed 2 Bath Model at Cornerstone Lofts starting at $1,350 with a $1.04 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Reserve - All Inclusive Student Community | 3 Bedroom - All Inclusive | 3BR,3.5BA | $0.58 |
| Cornerstone Lofts | 2 Bed 2 Bath | 2BR,2BA | $1.04 |
| The Oasis (Student Housing) | 4 BR Semester Lease | 4BR,2BA | $0.67 |
| The Vue at Cornerstone (Student Housing) | 3BR 3BA | 3BR,3BA | $0.56 |
| Kendall Square | 2 Bed/ 2 Bath | 2BR,2BA | $1.00 |
| Parkside Grande at Cornerstone | 3BR | 3BR,2BA | $1.10 |
| Park Place Apartments | 3BR/Den | 3BR,2BA | $1.12 |
| Grand Vistas | Dogwood | 1BR,1BA | $1.04 |
| Mill's Crossing | 2 Bedroom | 2BR,2BA | $0.99 |
| 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.
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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Phenix
What type of rentals are currently available in Phenix?
There are currently 69 Apartments for Rent in Phenix, VA with pricing that ranges from $684 to $3,803. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phenix ranging from $585 to $3,350.
What is the current price range for Rental Homes in Phenix?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Phenix ranges from $585 to $3,350 with an average monthly rent of $1,554.
How much are larger Three and Four Bedroom Rentals in Phenix?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Phenix range from $996 to $3,803, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $2,995. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,615.
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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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.