Apartments for Rent in Phoenix, IL

Prices and availability in Phoenix, IL were last updated on 8 Sep 2026.

The best apartment in Phoenix, IL is: 545 E 154th PL.

In Phoenix, 34% of the residents are renting compared to 66% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 13% of Phoenix's rentals, 39% are small-scale complexes with under 50 units, and 48% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Phoenix are about 31 years old, on average. Of these, 69% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 8 stories. About 18% of the rental communities here are low-rise, garden-style communities, 44% are mid-rises, and 38% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Phoenix are around 0% of rentals, while 1-bedroom floor plans represent 77% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 17% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.