During spatial navigation, the frequency and timing of spikes from spatial neurons including place cells in hippocampus and grid cells in medial entorhinal cortex are temporally organized by continuous theta oscillations (6–11 Hz). The theta rhythm is regulated by subcortical structures including the medial septum, but it is unclear how spatial information from place cells may reciprocally organize subcortical theta-rhythmic activity. Here we recorded single-unit spiking from a constellation of subcortical and hippocampal sites to study spatial modulation of rhythmic spike timing in rats freely exploring an open environment. Our analysis revealed a novel class of neurons that we termed ‘phaser cells,’ characterized by a symmetric coupling between firing rate and spike theta-phase. Phaser cells encoded space by assigning distinct phases to allocentric isocontour levels of each cell’s spatial firing pattern. In our dataset, phaser cells were predominantly located in the lateral septum, but also the hippocampus, anteroventral thalamus, lateral hypothalamus, and nucleus accumbens. Unlike the unidirectional late-to-early phase precession of place cells, bidirectional phase modulation acted to return phaser cells to the same theta-phase along a given spatial isocontour, including cells that characteristically shifted to later phases at higher firing rates. Our dynamical models of intrinsic theta-bursting neurons demonstrated that experience-independent temporal coding mechanisms can qualitatively explain (1) the spatial rate-phase relationships of phaser cells and (2) the observed temporal segregation of phaser cells according to phase-shift direction. In open-field phaser cell simulations, competitive learning embedded phase-code entrainment maps into the weights of downstream targets, including path integration networks. Bayesian phase decoding revealed error correction capable of resetting path integration at subsecond timescales. Our findings suggest that phaser cells may instantiate a subcortical theta-rhythmic loop of spatial feedback. We outline a framework in which location-dependent synchrony reconciles internal idiothetic processes with the allothetic reference points of sensory experience., Author summary Spatial cognition in mammals depends on position-related activity in the hippocampus and entorhinal cortex. Hippocampal place cells and entorhinal grid cells carry distinct maps as rodents move around. The grid cell map is thought to measure angles and distances from previous locations using path integration, a strategy of internally tracking self motion. However, path integration accumulates errors and must be ‘reset’ by external sensory cues. Allowing rats to explore an open arena, we recorded spiking neurons from areas interconnected with the entorhinal cortex, including subcortical structures and the hippocampus. Many of these subcortical regions help coordinate the hippocampal theta rhythm. Thus, we looked for spatial information in theta-rhythmic spiking and discovered ‘phaser cells’ in the lateral septum, which receives dense hippocampal input. Phaser cells encoded the rat’s position by shifting spike timing in symmetry with spatial changes in firing rate. We theorized that symmetric rate-phase coupling allows downstream networks to flexibly learn spatial patterns of synchrony. Using dynamical models and simulations, we showed that phaser cells may collectively transmit a fast, oscillatory reset signal. Our findings develop a new perspective on the temporal coding of space that may help disentangle competing models of path integration and cross-species differences in navigation.