
Cheap Homes for Rent in Phoenix, IL from $1,000 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Phoenix.


13910 S Dearborn St

13910 S Dearborn St

12863 S Normal Ave

515 East End 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.

14121 S Stewart Ave

13701 S Atlantic Ave

557 W 126th St

639 Jeffery Ave

16048 Halsted 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.

16052 Halsted St

16044 Halsted St

15629 Homan 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.

14733 S Edbrooke Ave

15226 Doctor M.L.K. Jr Dr

14907 Evans Ave

506 Jeffery Ave
Phoenix, IL Local Guide

How much does it cost to rent a home in Phoenix?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Phoenix 2 Bedroom Homes for Rent | $1,666 | $1,450 | $1,975 |
Phoenix 3 Bedroom Homes for Rent | $2,199 | $1,600 | $3,000 |
Phoenix 4 Bedroom Homes for Rent | $2,483 | $1,400 | $3,100 |
Phoenix 5 Bedroom Homes for Rent | $2,950 | $2,950 | $2,950 |
Phoenix 6 Bedroom Homes for Rent | $3,450 | $3,450 | $3,450 |
Browse Top Homes for Rent in Phoenix
Explore Phoenix
Phoenix, IL Local Guide
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Cheapest Available Phoenix Apartments for Rent and Nearby
 Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
15840 Marshfield Ave | 2 Beds, 1 bath | 2BR,1BA | $1,000 |
14021 S Tracy Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,175 |
Best Value Apartments for Rent in Phoenix, IL and Nearby
As of June 17, 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 $1,175. The second greatest value Phoenix apartment is the 1 Bed, 1 bath Model at 15840 Marshfield Ave starting at $1,400 with a $2.55 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 |
15840 Marshfield Ave | 1 Bed, 1 bath | 1BR,1BA | $2.55 |
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.
Frequently Asked Questions about Phoenix
What type of rentals are currently available in Phoenix?
There are currently 159 Apartments for Rent in Phoenix, IL with pricing that ranges from $1,000 to $3,100. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phoenix ranging from $1,000 to $3,450.
What is the current price range for Rental Homes in Phoenix?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Phoenix ranges from $1,000 to $3,450 with an average monthly rent of $2,291.
How much are larger Three and Four Bedroom Rentals in Phoenix?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Phoenix range from $1,200 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $3,100.
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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.