14521 Richmond Ave
PosenIL60469
Cheap Homes for Rent in Phoenix, IL from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Phoenix.
15237 4th Ave
PhoenixIL60426
12863 S Normal Ave
ChicagoIL60628
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$1,4001 Bedroom Apartments Available Now
14605 Des Plaines St, Unit 1E
14605 Des Plaines StHarvey, IL 60426
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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$1,4001 Bedroom Apartments Available Jul 1
14605 Des Plaines St, Unit 1 W
14605 Des Plaines StHarvey, IL 60426
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$1,5002 Bedroom Apartments Available Now
414 W 144th St
414 W 144th StRiverdale, IL 60827
13443 Greenwood Ave
Blue IslandIL60406
13810 S La Salle St
RiverdaleIL60406
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.
557 W 126th St
ChicagoIL60628
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Phoenix, IL Local Guide
Route 66 by russellstreet is licensed under CC BY 2.0
How much does it cost to rent a home in Phoenix?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phoenix 2 Bedroom Homes for Rent | $1,500 | $1,300 | $1,650 |
| Phoenix 3 Bedroom Homes for Rent | $2,361 | $1,550 | $3,170 |
| Phoenix 4 Bedroom Homes for Rent | $2,619 | $1,400 | $3,400 |
| Phoenix 5 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
| Phoenix 6 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
Browse Top Homes for Rent in Phoenix
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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 14031 S School in the College District neighborhood priced from $1,045. 14101 S Atlantic in the College District neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,140. Here is today’s list of the most affordable Phoenix apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 14031 S School | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,045 |
| 14101 S Atlantic | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,140 |
| 14047 S Tracy Ave | 2BD/1BA | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Phoenix, IL
As of June 22, 2026 the best value apartment in the Phoenix area is the $1.00 price per square foot 2BD/1BA Model at 14047 S Tracy Ave in the in the College District neighborhood starting from $1,200. The second greatest value Phoenix apartment is the 14924 Indiana Ave Model at 14924 Indiana Ave starting at $1,700 with a $1.42 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. |
|---|---|---|---|
| 14047 S Tracy Ave | 2BD/1BA | 2BR,1BA | $1.00 |
| 14924 Indiana Ave | 14924 Indiana Ave | 2BR,1BA | $1.42 |
| 724 W 138th St, Unit 3 | 724 W 138th St | 2BR,1BA | $1.56 |
| 14101 S Atlantic | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.44 |
| 14021 S Tracy | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.62 |
| 14119 S Tracy | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.73 |
| 13905 S Clark | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.77 |
| 14031 S School | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.69 |
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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Real 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.
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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.
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Explore Phoenix, IL Rentals by Map
See the most popular apartments and homes in Phoenix, IL
Frequently Asked Questions about Phoenix
What type of rentals are currently available in Phoenix?
There are currently 161 Apartments for Rent in Phoenix, IL with pricing that ranges from $1,200 to $1,875. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phoenix ranging from $1,275 to $3,400.
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 $1,275 to $3,400 with an average monthly rent of $2,209.
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
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.