
Cheap Apartments for Rent in Phoenix, IL from $600 (118 Rentals)
Search the lowest-cost Apartments available for rent right now in Phoenix.


Total Monthly Price
211 E 161st Pl, Unit 2

16054 Cottage Grove Ave

13940 S Edbrooke Ave

14113 S Stewart

15945 Lexington Ave

15206 S Chicago Rd

14545 Jefferson St

15200 Chicago Rd

13826 S La Salle 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.

14143 S Tracy Ave

14843 S Morgan St

13906 S Indiana Ave

16044 S Halsted St

14915 Washington

13844 S Atlantic Ave

14040 S School Street

500 W 144th St

14113 S School St

15540 S Center Ave
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.

14118 S Atlantic Ave

14401 S Normal Ave

455 W 144th St

14120 S Tracy Ave

15962 S Park Ave

15226 Martin Luther King Jr Dr

780 E 164th St

13944 S Indiana Ave

14112-14114 S Tracy Ave

407-409 W 144th St
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.

14330 S Stewart Ave

14921 Washington St

14047 S School St

15800 Turlington

13946 S Wabash Ave

14108 S Tracy Ave

95 W 154th St

14032 S School St

14315 Pennsylvania Ave

14141 S Tracy Ave
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.

14251 S Pennsylvania Ave

14123 S School St

14128 S School St

14019 S School St

14020-14022 S Atlantic Ave

14135 S Tracy Ave

14028 S Atlantic Ave

150 E 143rd St

14137 S Tracy Ave

8 E 138th St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 | $1,400 | $1,400 | $1,400 |
| Cheap Phoenix 2 Bedroom Apartments | $1,537 | $1,400 | $1,700 |
| Cheap Phoenix 3 Bedroom Apartments | $1,758 | $1,675 | $1,900 |
Browse Top Apartments in Phoenix
See all Apartments in PhoenixExplore Phoenix
Phoenix, IL Local Guide
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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 $955. 14133 S School St Riverdale, IL 60827 in the College District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $980. Here is today’s list of the most affordable Phoenix apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 304 East 147th Street Harvey, IL 60426 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $955 |
| 14133 S School St Riverdale, IL 60827 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $980 |
| 14031 S School St Riverdale, IL 60827 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,045 |
| 14138 S School St Riverdale, IL 60827 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,135 |
| 14110 S Atlantic Ave Riverdale, IL 60827 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,195 |
| 13905-37 S Clark St Riverdale, IL 60827 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,210 |
| 14123-25 S Tracy Ave Riverdale, IL 60827 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,220 |
Best Value Apartments for Rent in Phoenix, IL
As of March 18, 2026 the best value apartment in the Phoenix area is the $1.51 price per square foot 15300 Martin Luther King Jr Dr Model at 15300 Martin Luther King Jr Dr, Unit 3W in the in the College District neighborhood starting from $1,550. The second greatest value Phoenix apartment is the 211 E 161st Pl Model at 211 E 161st Pl, Unit 2 starting at $1,700 with a $1.79 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. |
|---|---|---|---|
| 15300 Martin Luther King Jr Dr, Unit 3W | 15300 Martin Luther King Jr Dr | 2BR,1BA | $1.51 |
| 211 E 161st Pl, Unit 2 | 211 E 161st Pl | 2BR,1BA | $1.79 |
| 14110 S Atlantic Ave Riverdale, IL 60827 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.55 |
| 14123-25 S Tracy Ave Riverdale, IL 60827 | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.62 |
| 13905-37 S Clark St Riverdale, IL 60827 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.77 |
| 14138 S School St Riverdale, IL 60827 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.83 |
| 14031 S School St Riverdale, IL 60827 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.69 |
| 14133 S School St Riverdale, IL 60827 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.61 |
| 304 East 147th Street Harvey, IL 60426 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.59 |
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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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!
Explore Phoenix, IL Rentals by Map
See the most popular apartments and homes in Phoenix, IL
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 $1,195 at 14110 S Atlantic Ave 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

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.

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.

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.