Cheap Apartments for Rent in Phillips, NE from $700 (38 Rentals)

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

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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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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property at 1724 3rd Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

1724 3rd Ave

KearneyNE68845
property at 123 N Locust St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

123 N Locust St, Unit 601

123 N Locust St
Grand IslandNE68801

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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611 Tri-Plex
2 to 4 Bedroom Apartments

611 Tri-Plex

611 W 25th StKearney, NE 68845
Student Housing
  • Utilities Included
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535 Flats
Studio to 4 Bedroom Apartments

535 Flats

535 N Minden AveMinden, NE 68959
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832 Flats
1 to 2 Bedroom Apartments

832 Flats

322 E 6th StMinden, NE 68959
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Autumn Park Apartments
2 to 3 Bedroom Apartments

Autumn Park Apartments

3720 W State StGrand Island, NE 68803
  • Utilities Included

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.

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Showing Results 1-38, Page 1 of 1

Phillips, NE Local Guide

Cheapest Available Phillips Apartments for Rent and Nearby

 

The cheapest available apartment rental in Phillips, NE is a Studio unit found at Old Walnut priced from $745. HANGAR 55 AT THEATRE DISTRICT has the second lowest priced unit, which is a Studio apartment currently listed from $965. Here is today’s list of the most affordable Phillips apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Old WalnutStudioStudio,1BA$745
HANGAR 55 AT THEATRE DISTRICTTetonStudio,1BA$965
Grandview ApartmentsUnit 2.1C2BR,1BA$980
Talon ApartmentsThe Phillips (Lakeside)1BR,1BA$1,049
Village at Kearney ApartmentsThree Bedroom Two Bath3BR,2BA$1,050
Cedar Ridge2 Bed 2 Bath2BR,2BA$1,080
Ridgeland Park Apartments in YorkYork2BR,1BA$1,095
The Sterling Apartments at Grand IslandBristolStudio,1BA$1,099

Best Value Apartments for Rent in Phillips, NE and Nearby

As of June 11, 2026 the best value apartment in the Phillips area is the $1.04 price per square foot 3 Bedroom Model at LongLeaf Apartments in the starting from $1,145. The second greatest value Phillips apartment is the 2112 W 4th St Model at 2112 W 4th St, Unit 3 starting at $850 with a $0.82 price per square foot . Here is today’s list of the best values for Phillips apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
LongLeaf Apartments3 Bedroom3BR,2BA$1.04
2112 W 4th St, Unit 32112 W 4th St2BR,1BA$0.82
Village at Kearney ApartmentsThree Bedroom Two Bath3BR,2BA$1.01
224 E 24th St, Unit 1224 E 24th St4BR,2BA$1.35
306 N Pine St, Unit #2306 N Pine St2BR,1BA$1.48
Cedar Ridge2 Bed 2 Bath2BR,2BA$1.20
Pioneer Trail FlatsThe Malone w/ garage1BR,1BA$1.37
Ridgeland Park Apartments in YorkYork2BR,1BA$1.34
2604 N Webb Rd, Unit 42604 N Webb Rd2BR,1BA$1.25
HANGAR 55 AT THEATRE DISTRICTTetonStudio ,1BA$1.68

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Phillips, NE Rentals by Map

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See the most popular apartments and homes in Phillips, NE

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Frequently Asked Questions about Cheap Phillips Apartments

What is the Cheapest Studio apartment in Phillips?

Currently the most affordable Cheap Studio Apartment in Phillips is at Old Walnut listed at $745.

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

The lowest price for a Cheap One Bedroom Phillips Apartment is $845 at Old Walnut.

What is the lowest price for a Cheap Two Bedroom Phillips Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Phillips is starting from $995 at Old Walnut.

What is the most affordable Phillips Three Bedroom Apartment?

The best deal on a cheap Phillips Three Bedroom Apartment rental is at Village at Kearney Apartments and starts from $1,050.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.