Cheap Homes for Rent in Phoenix, IL from $1,000 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-18, Page 1 of 1

Phoenix, IL Local Guide

Cheapest Available Phoenix Apartments for Rent and Nearby

 

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. 14026 S School St in the College District neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,150. Here is today’s list of the most affordable Phoenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
15840 Marshfield Ave2 Beds, 1 bath2BR,1BA$1,000
14026 S School St2 Bedroom2BR,1BA$1,150
13905-37 S Clark St1 Bedroom 1 Bath Apartment1BR,1BA$1,180
14021 S Tracy Ave2 Bedroom 1 Bath Apartment2BR,1BA$1,225

Best Value Apartments for Rent in Phoenix, IL and Nearby

As of September 17, 2025 the best value apartment in the Phoenix area is the $1.50 price per square foot 13946 S State St Model at 13946 S State St, Unit 2nd Fl Apartment in the in the College District neighborhood starting from $1,500. The second greatest value Phoenix apartment is the 211 E 161st Pl Model at 211 E 161st Pl, Unit 2 starting at $1,775 with a $1.87 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.
13946 S State St, Unit 2nd Fl Apartment13946 S State St3BR,1BA$1.50
211 E 161st Pl, Unit 2211 E 161st Pl2BR,1BA$1.87
15245 Martin Luther King Jr Dr, Unit 2 North15245 Martin Luther King Jr Dr2BR,1BA$2.00
14026 S School St2 Bedroom2BR,1BA$1.39
14021 S Tracy Ave2 Bedroom 1 Bath Apartment2BR,1BA$1.62
13905-37 S Clark St1 Bedroom 1 Bath Apartment1BR,1BA$1.72
15840 Marshfield Ave1 Bed, 1 bath1BR,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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Phoenix, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Phoenix, IL

View Map
Phoenix, IL Apartments Map
View Map
Phoenix, IL Rental Homes Map

Frequently Asked Questions about Phoenix

What type of rentals are currently available in Phoenix?

There are currently 160 Apartments for Rent in Phoenix, IL with pricing that ranges from $850 to $1,900. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phoenix ranging from $1,000 to $3,600.

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 $3,600 with an average monthly rent of $2,030.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.