Cheap Apartments for Rent in Phoenix, IL from $600 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in Phoenix.

13946 S State St, Unit 2nd Fl Apartment
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.
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.
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.
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.
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.
Phoenix, IL Local Guide

How much does it cost to rent an apartment in Phoenix?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Phoenix 1 Bedroom Apartments | $1,325 | $1,250 | $1,400 |
Cheap Phoenix 2 Bedroom Apartments | $1,250 | $1,000 | $1,500 |
Cheap Phoenix 3 Bedroom Apartments | $1,500 | $1,500 | $1,500 |
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Phoenix, IL Local Guide
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Cheapest Available Phoenix Apartments for Rent
 The cheapest available apartment rental in Phoenix, IL is a 2 Beds unit found at 15840 Marshfield Ave in the College District neighborhood priced from $1,000. 14127 S School St in the College District neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,085. Here is today’s list of the most affordable Phoenix apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
15840 Marshfield Ave | 2 Beds, 1 bath | 2BR,1BA | $1,000 |
14127 S School St | 2 Bedroom 1 Bath | 2BR,1BA | $1,085 |
13905-37 S Clark St | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,150 |
14021 S Tracy Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,170 |
14123-25 S Tracy Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,225 |
Best Value Apartments for Rent in Phoenix, IL
As of August 02, 2025 the best value apartment in the Phoenix area is the $1.55 price per square foot 2 Bedroom 1 Bath Apartment Model at 14021 S Tracy Ave in the in the College District neighborhood starting from $1,170. The second greatest value Phoenix apartment is the 2 Bedroom 1 Bath Apartment Model at 14123-25 S Tracy Ave starting at $1,225 with a $1.62 price per square foot in the College District neighborhood. Here is today’s list of the best values for Phoenix apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
14021 S Tracy Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.55 |
14123-25 S Tracy Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.62 |
14127 S School St | 2 Bedroom 1 Bath | 2BR,1BA | $1.56 |
13905-37 S Clark St | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.68 |
15840 Marshfield Ave | 1 Bed, 1 bath | 1BR,1BA | $2.55 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Phoenix, IL
Walk Score®
37 / 100
Car-Dependent
Most errands require a car
Bike Score®
42 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Phoenix Apartments
What is the lowest price for a Cheap Two Bedroom Phoenix Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Phoenix is starting from $1,000 at 15840 Marshfield Ave.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.