
Cheap Apartments for Rent in Phoenix, IL from $600 (71 Rentals)
Search the lowest-cost Apartments available for rent right now in Phoenix.


13905 S Clark

Total Monthly Price
211 E 161st Pl, Unit 1

16054 Cottage Grove Ave

14843 S Morgan St

14143 S Tracy Ave

13906 S Indiana Ave

14545 Jefferson St

15200 Chicago Rd

13826 S La Salle St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

14113 S Stewart

13940 S Edbrooke Ave

15945 Lexington Ave

15206 S Chicago Rd

14120 S Tracy Ave

14401 S Normal Ave

15540 S Center Ave

14040 S School Street

500 W 144th St

455 W 144th St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

16044 S Halsted St

14915 Washington

14118 S Atlantic Ave

14113 S School St

13844 S Atlantic Ave

15962 S Park Ave

13944 S Indiana Ave

780 E 164th St

15226 Martin Luther King Jr Dr

14108 S Tracy Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

95 W 154th St

15800 Turlington

13946 S Wabash Ave

14032 S School St

14112-14114 S Tracy Ave

407-409 W 144th St

14330 S Stewart Ave

14921 Washington St

14047 S School St

14547 Chicago Road
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.

304 East 147th

136 E 155th

14031 S School

14122 S School St

14127 S School St

14101 S Atlantic

14123 S Tracy

14110 S Atlantic Ave

14021 S Tracy

Whistler's Crossing
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.
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 | $1,210 | $1,210 | $1,210 |
| Cheap Phoenix 2 Bedroom Apartments | $1,450 | $1,350 | $1,500 |
| Cheap Phoenix 3 Bedroom Apartments | $1,991 | $1,875 | $2,200 |
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 14036-50 Tracy Ave in the College District neighborhood priced from $1,095. 13905 S Clark in the College District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,210. Here is today’s list of the most affordable Phoenix apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 14036-50 Tracy Ave | RVDL1BR1 | 1BR,1BA | $1,095 |
| 13905 S Clark | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,210 |
| 14021 S Tracy | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,225 |
Best Value Apartments for Rent in Phoenix, IL
As of August 03, 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 14305 Irving Ave Model at 14305 Irving Ave, Unit 1 starting at $2,200 with a $2.00 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 211 E 161st Pl, Unit 1 | 211 E 161st Pl | 3BR,1BA | $0.95 |
| 14305 Irving Ave, Unit 1 | 14305 Irving Ave | 3BR,1BA | $2.00 |
| 14036-50 Tracy Ave | RVDL2BR1 | 2BR,1BA | $1.50 |
| 14021 S Tracy | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.62 |
| 15743 Fisk St, Unit 1 | 15743 Fisk St | 2BR,1BA | $1.80 |
| 13905 S Clark | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.77 |
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.
Read ArticleReal 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.
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
How much is rent for a Cheap One Bedroom Phoenix Apartment?
The lowest price for a Cheap One Bedroom Phoenix Apartment is $1,095 at 14036-50 Tracy Ave.
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 $1,225 at 14021 S Tracy.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.