
Cheap Homes for Rent near Phenix, VA from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Phenix.


823 Main St

155 Pomona Dr

5698 Colonial Hwy
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.

57 Torrence Ct

7075 Colonial Hwy

27 Bonnydale Ln

1810 Laurel St
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.

2213 Hanover St
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 | $1,175 | $750 | $1,800 |
| Phenix 3 Bedroom Homes for Rent | $1,570 | $600 | $2,995 |
| Phenix 4 Bedroom Homes for Rent | $2,155 | $1,850 | $2,480 |
| Phenix 5 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
Browse Top Homes for Rent in Phenix
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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 Miller's Rest Apartments in the Wyndhurst neighborhood priced from $684. Cardinal's Crest Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $770. 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 |
| Cardinal's Crest Apartments | 1 Bedroom | 1BR,1BA | $770 |
| Wesley Apartments - Senior Living Community | Studio (UFAS/Accesible) | Studio,1BA | $790 |
Best Value Apartments for Rent in Phenix, VA and Nearby
As of July 16, 2026 the best value apartment in the Phenix area is the $0.97 price per square foot 3 Bed/ 2 Bath Model at Kendall Square in the in the Wyndhurst neighborhood starting from $1,375. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Kendall Square | 3 Bed/ 2 Bath | 3BR,2BA | $0.97 |
| WillowBrook Luxury Apartments | Phase 2-Call for availability before applying | 4BR,2BA | $1.15 |
| Town Center Apartments | 3 Bed/2 Bath Type 1 | 3BR,2BA | $1.22 |
| Cornerstone Lofts | 2 Bed 2 Bath | 2BR,2BA | $1.07 |
| Parkside Grande at Cornerstone | 3BR | 3BR,2BA | $1.10 |
| Park Place Apartments | 3BR/Den | 3BR,2BA | $1.03 |
| Grand Vistas | Dogwood | 1BR,1BA | $1.10 |
| Mill's Crossing | 2 Bedroom | 2BR,2BA | $1.04 |
| Miller's Rest Apartments | Pritchell | 2BR,2BA | $0.85 |
| Daniel Hill Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.03 |
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.
Read ArticleQuick 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.
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 68 Apartments for Rent in Phenix, VA with pricing that ranges from $684 to $4,108. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phenix ranging from $600 to $2,995.
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 $600 to $2,995 with an average monthly rent of $1,937.
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 $930 to $4,108, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $2,995. Four Bedroom Single-Family rentals are also available starting from $1,850 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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.