Cheap Apartments for Rent in Phoenix, IL from $600 (71 Rentals)

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

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611 E 151st St
Studio to 1 Bedroom Apartments

611 E 151st St

611 E 151st StPhoenix, IL 60426
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14143 S Tracy Ave
1 to 2 Bedroom Apartments

14143 S Tracy Ave

14143 S Tracy AveRiverdale, IL 60827
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13906 S Indiana Ave
1 to 2 Bedroom Apartments

13906 S Indiana Ave

13906 S Indiana AveRiverdale, IL 60827
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14545 Jefferson St
1 to 2 Bedroom Apartments

14545 Jefferson St

14545 Jefferson StHarvey, IL 60426
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15200 Chicago Rd
2 Bedroom Apartments

15200 Chicago Rd

15200 Chicago RdDolton, IL 60419

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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14113 S Stewart
1 to 2 Bedroom Apartments

14113 S Stewart

14113 S StewartRiverdale, IL 60827
  • Utilities Included
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14120 S Tracy Ave
1 to 2 Bedroom Apartments

14120 S Tracy Ave

14120 S Tracy AveRiverdale, IL 60827
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15540 S Center Ave
1 to 2 Bedroom Apartments

15540 S Center Ave

15540 S Center AveHarvey, IL 60426
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500 W 144th St
Studio Apartments

500 W 144th St

500 W 144th StRiverdale, IL 60827
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455 W 144th St
Studio to 1 Bedroom Apartments

455 W 144th St

455 W 144th StRiverdale, IL 60827
  • Utilities Included

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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14915 Washington
2 Bedroom Apartments

14915 Washington

14915 WashingtonHarvey, IL 60426
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14113 S School St
1 to 2 Bedroom Apartments

14113 S School St

14113 S School StRiverdale, IL 60827
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15962 S Park Ave
2 Bedroom Apartments

15962 S Park Ave

15962 S Park AveSouth Holland, IL 60473
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780 E 164th St
1 Bedroom Apartments

780 E 164th St

780 E 164th StSouth Holland, IL 60473
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14108 S Tracy Ave
Studio Apartments

14108 S Tracy Ave

14108 S Tracy AveRiverdale, IL 60827
  • 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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95 W 154th St
Studio Apartments

95 W 154th St

95 W 154th StHarvey, IL 60426
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15800 Turlington
1 Bedroom Apartments

15800 Turlington

15800 TurlingtonHarvey, IL 60426
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14032 S School St
2 Bedroom Apartments

14032 S School St

14032 S School StRiverdale, IL 60827
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14112-14114 S Tracy Ave
1 to 2 Bedroom Apartments

14112-14114 S Tracy Ave

14112-14114 S Tracy AveRiverdale, IL 60827
  • Utilities Included
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14330 S Stewart Ave
1 to 2 Bedroom Apartments

14330 S Stewart Ave

14330 S Stewart AveRiverdale, IL 60827
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14047 S School St
1 to 2 Bedroom Apartments

14047 S School St

14047 S School StRiverdale, IL 60827
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14547 Chicago Road
Studio to 2 Bedroom Apartments

14547 Chicago Road

14547 Chicago RdDolton, IL 60419
  • 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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136 E 155th St
Studio to 3 Bedroom Apartments

136 E 155th St

136 E 155th StHarvey, IL 60426
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14127 S School St
1 to 2 Bedroom Apartments

14127 S School St

14127 S School StRiverdale, IL 60827
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14123-14125 S Tracy Ave
2 Bedroom Apartments

14123-14125 S Tracy Ave

14123-14125 S Tracy AveRiverdale, IL 60827
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Whistler's Crossing
2 to 3 Bedroom Apartments

Whistler's Crossing

13750 S Lowe AveRiverdale, IL 60827
  • 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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Showing Results 1-50, Page 1 of 2

Phoenix, IL Local Guide

Cheapest Available Phoenix Apartments for Rent

 

The cheapest available apartment rental in Phoenix, IL is a 1 Bed unit found at 304 East 147th Street Harvey, IL 60426 in the College District neighborhood priced from $900. 14031 S School St Riverdale, IL 60827 in the College District neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,095. Here is today’s list of the most affordable Phoenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
304 East 147th Street Harvey, IL 604261 Bedroom 1 Bath Apartment1BR,1BA$900
14031 S School St Riverdale, IL 608272 Bedroom 1 Bath Apartment2BR,1BA$1,095
14133 S School St Riverdale, IL 608272 Bedroom 1 Bath Apartment2BR,1BA$1,160
13905-37 S Clark St Riverdale, IL 608271 Bedroom 1 Bath Apartment1BR,1BA$1,185
14047 S Tracy Ave2BD/1BA2BR,1BA$1,200
14021-25 S Tracy Ave Riverdale, IL 608272 Bedroom 1 Bath Apartment2BR,1BA$1,225
14015-19 S Tracy Ave Riverdale, IL 608272 Bedroom 1 Bath Apartment2BR,1BA$1,290

Best Value Apartments for Rent in Phoenix, IL

As of May 05, 2026 the best value apartment in the Phoenix area is the $0.95 price per square foot 211 E 161st Pl Model at 211 E 161st Pl, Unit 1 in the in the College District neighborhood starting from $1,900. The second greatest value Phoenix apartment is the 14047 S Tracy Ave Model at 14047 S Tracy Ave, Unit 1B starting at $1,200 with a $1.00 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 ListingModel NameBed/BathPrice Per Sq.Ft.
211 E 161st Pl, Unit 1211 E 161st Pl3BR,1BA$0.95
14047 S Tracy Ave, Unit 1B14047 S Tracy Ave2BR,1BA$1.00
14047 S Tracy Ave2BD/1BA2BR,1BA$1.00
14133 S School St Riverdale, IL 608272 Bedroom 1 Bath Apartment2BR,1BA$1.27
14526 Cottage Grove Ave, Unit 2 W14526 Cottage Grove Ave2BR,1BA$1.65
14031 S School St Riverdale, IL 608272 Bedroom 1 Bath Apartment2BR,1BA$1.32
14021-25 S Tracy Ave Riverdale, IL 608272 Bedroom 1 Bath Apartment2BR,1BA$1.62
14015-19 S Tracy Ave Riverdale, IL 608272 Bedroom 1 Bath Apartment2BR,1BA$1.70
13905-37 S Clark St Riverdale, IL 608271 Bedroom 1 Bath Apartment1BR,1BA$1.73
304 East 147th Street Harvey, IL 604261 Bedroom 1 Bath Apartment1BR,1BA$1.50

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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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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!

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Frequently Asked Questions about Cheap Phoenix Apartments

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

The lowest price for a Cheap One Bedroom Phoenix Apartment is $900 at 304 East 147th Street Harvey, IL 60426.

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 $1,095 at 14031 S School St Riverdale, IL 60827.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.