
Cheap Homes for Rent in Phoenix, IL from $1,000 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Phoenix.


14547 Blaine Ave

14047 S Tracy Ave

12863 S Normal Ave

13912 S Edbrooke Ave

14121 S Stewart Ave

14355 Park Ave

557 W 126th St

15829 Loomis Ave

1479 W 114th Pl

15226 Doctor M.L.K. Jr Dr

16048 Halsted St

16052 Halsted St

501 Chicago Rd
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 | $1,684 | $1,200 | $2,090 |
| Phoenix 3 Bedroom Homes for Rent | $2,223 | $1,595 | $3,800 |
| Phoenix 4 Bedroom Homes for Rent | $2,200 | $1,400 | $2,900 |
| Phoenix 5 Bedroom Homes for Rent | $3,052 | $2,300 | $3,557 |
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 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. 13905-37 S Clark St in the College District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,145. Here is today’s list of the most affordable Phoenix apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 15840 Marshfield Ave | 2 Beds, 1 bath | 2BR,1BA | $1,000 |
| 13905-37 S Clark St | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,145 |
| 14021 S Tracy Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1,250 |
Best Value Apartments for Rent in Phoenix, IL and Nearby
As of November 02, 2025 the best value apartment in the Phoenix area is the $1.15 price per square foot 15433 Myrtle Ave Model at 15433 Myrtle Ave, Unit Duplex on Myrtle in the in the College District neighborhood starting from $1,500. The second greatest value Phoenix apartment is the 14141 S School St Model at 14141 S School St, Unit 1B starting at $1,350 with a $1.59 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. |
|---|---|---|---|
| 15433 Myrtle Ave, Unit Duplex on Myrtle | 15433 Myrtle Ave | 2BR,1.5BA | $1.15 |
| 14141 S School St, Unit 1B | 14141 S School St | 2BR,1BA | $1.59 |
| 14526 Cottage Grove Ave, Unit 2 W | 14526 Cottage Grove Ave | 2BR,1BA | $1.65 |
| 14021 S Tracy Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.65 |
| 15840 Marshfield Ave | 2 Beds, 1 bath | 2BR,1BA | $1.33 |
| 13905-37 S Clark St | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.67 |
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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 $1,000 to $5,156. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phoenix ranging from $1,000 to $3,800.
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 $3,800 with an average monthly rent of $2,046.
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 $1,400 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $3,800. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $5,156.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.
