Cheap Apartments for Rent in the Downtown Columbia Neighborhood of Columbia, MO from $300 (35 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 1107 E Walnut St

$950 - $1,200

1 To 2 Bedroom Rentals

Available Aug 15

1107 E Walnut St

ColumbiaMO65201
property at 108 E Burnam Rd

$995 - $1,700

1 To 2 Bedroom Rentals

Available Aug 9

108 E Burnam Rd

ColumbiaMO65203
property at 110 Dorsey St

$1,000

2 Bedroom Rentals

Available Now

110 Dorsey St

ColumbiaMO65201
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Deerfield Apartments
1 to 4 Bedroom Apartments

Deerfield Apartments

1516 Sylvan LnColumbia, MO 65202
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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Stonegate Cottages
3 to 4 Bedroom Apartments

Stonegate Cottages

201 West Blvd NColumbia, MO 65203
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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Showing Results 1-35, 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 2 Beds unit found at Claudell Homes I & II priced from $380. Stadium Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $900. Here are the most affordable Downtown Columbia apartments for rent in Columbia, MO:

Apartment ListingModel NameBed/BathPriced From
Claudell Homes I & IIClaudell Two Bedroom (Affordable - Income Guidelin2BR,1BA$380
Stadium Apartments2 Bed - Standard2BR,1BA$900
Columbia Crossing2 Bedroom 1 Bath2BR,1BA$978
Stephens Park ApartmentsPremium 1 Bedroom Apartment Home1BR,1BA$1,195
Ashwood Apartments2x12BR,1BA$1,300
Lake Broadway TownhomesClassic 2 Bedroom 2 Bath2BR,2BA$1,395
Broadway Village ApartmentsStephens, Fireplace, Carport, Storage, 2x1, 105...2BR,1BA$1,405
Columbia Square ApartmentsColumbia Square Two Bedroom2BR,1BA$1,500
Boulder Springs ColumbiaAspen Meadows1BR,1BA$1,665

Best Value Apartments for Rent in Downtown Columbia, MO

As of January 12, 2026 the best value apartment in the Downtown Columbia area is the $1.13 price per square foot Mitchell w/ Basement 4 bed 3 bath Model at Manor Homes in the in the The Links of Columbia neighborhood starting from $2,250. The second greatest value Downtown Columbia apartment is the MONLL 2x2 1470sqft - West (Private Elevator) Model at North Light Luxury Lofts starting at $2,500 with a $1.70 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.
Manor HomesMitchell w/ Basement 4 bed 3 bath4BR,3BA$1.13
North Light Luxury LoftsMONLL 2x2 1470sqft - West (Private Elevator)2BR,2BA$1.70
Lake Broadway Townhomes2 Bed 2 Bath Partial Hardwood2BR,2BA$1.20
113 W Ash St, Unit A113 W Ash St3BR,2BA$1.23
Columbia Crossing2 Bedroom 1 Bath2BR,1BA$1.01
Broadway Village ApartmentsHawthorn, TIER 2, Carport, 2x1, 950 sqft2BR,1BA$1.53
Stephens Park ApartmentsPremium 2 Bedroom Apartment Home2BR,1BA$1.56
Ashwood Apartments2x12BR,1BA$1.49
Stadium Apartments2 Bed - Standard2BR,1BA$1.23
Claudell Homes I & IIClaudell One Bedroom (Affordable - Income Guidelin1BR,1BA$0.99

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

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

School data provided by Great Schools

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 Claudell Homes I & II which is listed at $468, while the average apartment in Downtown Columbia costs $4,400.

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 9 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 $307 which is $4,093 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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!