It's possible to do what you want but so complicated it's probably not worth it and you are limited to 10/100 speeds on your LAN.
100Mbit Ethernet only uses 4 of the 8 wires in a Cat5 cable. They make "splitters" that give you two RJ45 ("Ethernet") jacks - one jack uses the first 4 wires, the other jack uses the second 4 wires. Put one on the other side of the jack and you can use one Cat5 cable for 2 10/100 Mbit connections.
You can plug an RJ11 ("phone") cable into most RJ45 ("Ethernet") jacks and it will work.
So with some elaborate combination of splitters and possible rewiring of your patch panel you might be able to get something to work.
3Isn't it the company's job to wire homes properly so that they can use their services? – Ariane – 2013-07-29T15:15:46.983
@Ariane usually for a fee...probably cost a couple hundred to wire up phone jacks, but if there's a solution that costs under $50, why not use that? – Kruug – 2013-07-29T15:16:58.397
2A decent cordless phone and a single phone jack where the landline comes in costs less than $50. – EBGreen – 2013-07-29T15:18:25.713
Go wireless with DECT phones. Or use a modem/router that can handle voip phones. – SPRBRN – 2013-07-29T15:20:10.380
@Kruug Dunno about you, but here installation fees are always 50-60 dollars for Internet, TV and phone combined, with up to 5 (?) jacks of each for no extra cost. That is, IF they charge you, because personally I've always been given the installation for free. You say "probably". You didn't ask, did you? – Ariane – 2013-07-29T15:39:48.020
You can always drop analog phone service and go to VoIP – Keltari – 2013-07-29T15:48:51.400
@Ariane ok, just looked at the terms on the back of my bill. $50 for initial connect (1 outlet). $10/additional outlet. Probably gonna need a wall fish, so $50 there (not sure if per outlet, so maybe $100+ if 2 or more outlets). This may count as inside wire service (not sure, as there are no existing wires). If so, that's an additional $45. – Kruug – 2013-07-29T15:53:39.123
@Kruug Ask. Maybe yours won't, but I know that many, many companies will offer installation for free or for a reduced rate so that customers aren't afraid of getting a new service from them because of the installation fees. Actually over time I've come to believe that those stated fees are just a legal maximum that they allow themselves to charge, even though they will rarely do it. – Ariane – 2013-07-29T16:20:42.613
ISPs and phone companies are only responsible for wiring outside of the home. Inside of the home is typically the customer's responsibility. – LawrenceC – 2013-07-29T20:18:22.927