If a hike up a narrow canyon to a waterfall appeals to you, Phantom Creek is your hike.
So you're at Phantom ranch waiting for the next group of rafters to hike down so you can continue your river trip. Or perhaps you've hiked down the Bright Angel trail, camped at Bright Angel Campground, and you're looking for a short hike to explore the area. Here's a good way to stretch your legs and still enjoy some nice scenery without too much climbing.
Phantom creek feeds the Bright Angel creek year round. To reach Phantom creek, hike up the boat beach towards Phantom ranch. Past the ranch, you'll stay on the well worn (and popular) North Kaibab trail. This trail heads north through an area known as 'the box' because the canyon narrows significantly and the trail crosses the creek a few times while staying high off the river. Once the trail heads back down to river level, look on your left for a creek entering the canyon. There is a brushy trail up Phantom creek to a small waterfall. Scrambling up the boulders to your left will allow you to continue your exploration, but we were short on time so we turned around here.