Cheap Apartments for Rent in Phillipsburg, MO from $500 (55 Rentals)

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

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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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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Wyota Commons
Studio Apartments

Wyota Commons

1221 Millcreek RdLebanon, MO 65536
  • Utilities Included
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Wynnewood
Studio to 3 Bedroom Apartments

Wynnewood

3342 E Linwood StSpringfield, MO 65804
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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The Willows
Studio to 3 Bedroom Apartments

The Willows

413 Doxey StStrafford, MO 65757
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Phillipsburg, MO Local Guide

Cheapest Available Phillipsburg Apartments for Rent and Nearby

 

The cheapest available apartment rental in Phillipsburg, MO is a 2 Beds unit found at North Terrace Apartments in the Northeast neighborhood priced from $575. Oak Place in the Northeast neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Phillipsburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North Terrace Apartments2 x 1 Small2BR,1BA$575
Oak Place1 bedroom1BR,1BA$600
Forest Cove Apartments2x1 - Forest Cove2BR,1BA$625
Eastview ApartmentsStudioStudio,1BA$650
Grandview Village1 bedroom1BR,1BA$675
Hillcrest 901 Bedroom1BR,1BA$695
The Greens at SpringfieldClassic1BR,1BA$755
Concord Manor ApartmentsConcord 1 Bedroom, 1 Bathroom1BR,1BA$795
English Village2 Bedroom, 1 Bathroom2BR,1BA$795
Coryell Courts ApartmentsOlivia 2Studio,1BA$805

Best Value Apartments for Rent in Phillipsburg, MO and Nearby

As of April 12, 2026 the best value apartment in the Phillipsburg area is the $0.97 price per square foot 3x2 Model at Summit Park in the starting from $1,595. The second greatest value Phillipsburg apartment is the 3 Beds, 2 Baths Model at Parkwood Apartments starting at $1,200 with a $1.00 price per square foot in the Northeast neighborhood. Here is today’s list of the best values for Phillipsburg apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summit Park3x23BR,2BA$0.97
Parkwood Apartments3 Beds, 2 Baths3BR,2BA$1.00
Deeswood Village ApartmentsThe Loft2BR,1BA$0.93
Sugar WoodRemodeled 2 BR Townhouse2BR,1.5BA$0.95
1940 Place2 bedroom2BR,1BA$1.03
Meadowview Apartments2 Beds, 1.5 Baths2BR,1.5BA$0.94
English Village II2 Bedroom, 2 Bathroom2BR,2BA$1.00
English Village2 Bedroom, 1 Bathroom2BR,1BA$0.96
North Terrace Apartments2 x 1 Small2BR,1BA$0.73
Grandview Village1 bedroom1BR,1BA$1.04

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Explore Phillipsburg, MO Rentals by Map

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See the most popular apartments and homes in Phillipsburg, MO

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Frequently Asked Questions about Cheap Phillipsburg Apartments

What is the Cheapest Studio apartment in Phillipsburg?

Currently the most affordable Cheap Studio Apartment in Phillipsburg is at Eastview Apartments listed at $650.

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

The lowest price for a Cheap One Bedroom Phillipsburg Apartment is $600 at Oak Place.

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

Today's best deal for a Cheap Two Bedroom Apartment in Phillipsburg is starting from $575 at North Terrace Apartments.

What is the most affordable Phillipsburg Three Bedroom Apartment?

The best deal on a cheap Phillipsburg Three Bedroom Apartment rental is at Parkwood Apartments and starts from $1,200.

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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.