Cheap Apartments for Rent in the Downtown Columbia Neighborhood of Columbia, MO from $650 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Columbia area of Columbia.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 400 Mimosa Ct
$1,000 - $1,275
1 To 2 Bedroom Rentals
Available Now
Affordability

400 Mimosa Ct

ColumbiaMO65201
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Montmartre Apartments
$1,055 - $1,160

Total Monthly Price

Base Rent$1,055 - $1,160
Total Monthly Price$1,055 - $1,160
1 to 2 Bedroom Apartments Available Now

Montmartre Apartments

104 Clinkscales RdColumbia, MO 65203
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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100-104 E Stewart Rd
1 to 2 Bedroom Apartments

100-104 E Stewart Rd

100-104 E Stewart RdColumbia, MO 65203
  • Utilities Included
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Deerfield Apartments
1 to 4 Bedroom Apartments

Deerfield Apartments

1516 Sylvan LnColumbia, MO 65202
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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917 Alley A
1 to 3 Bedroom Apartments

917 Alley A

917 Alley AColumbia, MO 65201
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1012 E Broadway
1 to 3 Bedroom Apartments

1012 E Broadway

1012 E BroadwayColumbia, MO 65201
  • Utilities Included
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Showing Results 1-39, Page 1 of 1

Downtown Columbia, Columbia, MO Local Guide

Cheapest Available Downtown Columbia Apartments for Rent

 

The cheapest available apartment rental in the Downtown Columbia area of Columbia, MO is a 3 Beds unit found at Columbia Square Apartments priced from $721. Benton Stephens Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Downtown Columbia apartments for rent in Columbia, MO:

Apartment ListingModel NameBed/BathPriced From
Columbia Square ApartmentsColumbia Square Three Bedroom (Affordable - Income3BR,1BA$721
Benton Stephens Apartments1x11BR,1BA$800
BrooksideAurora Three3BR,3BA$879
WoodlakeW-A2BR,1BA$994
Stadium ApartmentsThe Greenbriar2BR,1BA$995
Columbia Crossing2 Bedroom 1 Bath2BR,1BA$1,006
Library Place Apartments2BR/1.0BA2BR,1BA$1,100
Montmartre Apartments2 BR / 1 BA2BR,1BA$1,105
Frederick Building1 Bed/ 2 Bath - Female Roommate Matching2BR,2BA$1,195
Anthony Street Condos2BR/1.0BA2BR,1BA$1,200

Best Value Apartments for Rent in Downtown Columbia, MO

As of September 09, 2026 the best value apartment in the Downtown Columbia area is the $0.29 price per square foot 1x1 Model at 1513 Bouchelle Ave in the in the Downtown Columbia neighborhood starting from $850. The second greatest value Downtown Columbia apartment is the Townhomes Model at Cottage Grove starting at $1,450 with a $1.04 price per square foot in the Tiger Village Apartments neighborhood. Here is today’s list of the best values for Downtown Columbia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1513 Bouchelle Ave1x11BR,1BA$0.29
Cottage GroveTownhomes2BR,2.5BA$1.04
The Landing CoMoB - 4x44BR,4BA$0.58
Lake Broadway TownhomesLake Broadway Townhomes2BR,2BA$1.19
Columbia Crossing2 Bedroom 1 Bath2BR,1BA$1.06
Frederick Building1 Bed/ 2 Bath - Female Roommate Matching2BR,2BA$1.26
Montmartre Apartments2 BR / 1 BA2BR,1BA$1.26
WoodlakeW-A2BR,1BA$1.32
Stadium ApartmentsThe Greenbriar2BR,1BA$1.36
Benton Stephens Apartments1x11BR,1BA$1.23

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Downtown Columbia, Columbia, MO

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Frequently Asked Questions about Cheap Downtown Columbia Apartments

What is the price of a cheap apartment in Downtown Columbia?

The cheapest apartment in Downtown Columbia is Benton Stephens Apartments which is listed at $800, while the average apartment in Downtown Columbia costs $1,264.

What types of apartments are the cheapest in Downtown Columbia?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 35 regular apartments in Downtown Columbia that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Columbia?

Cheap apartments in Downtown Columbia have an average cost of $381 which is $883 cheaper than the average rent for all rentals in Downtown Columbia.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.