Cheap Apartments for Rent in Florence, MO from $500 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in Florence.

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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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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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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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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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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Florence, MO Local Guide

Cheapest Available Florence Apartments for Rent and Nearby

 

The cheapest available apartment rental in Florence, MO is a 2 Beds unit found at Ash Street Place Apartments in the Tiger Village Apartments neighborhood priced from $755. Southern Hills Townhouses & Apartments, LLC has the second lowest priced unit, which is a 2 Beds apartment currently listed from $850. Here is today’s list of the most affordable Florence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ash Street Place Apartments2x12BR,1BA$755
Southern Hills Townhouses & Apartments, LLCDeluxe Two Bedroom Apartment with Washer/Dryer ...2BR,1BA$850
Courtyard Apartments1 Bedroom 1 Bath1BR,1BA$916
Broadway ApartmentsThe Hayes1BR,1BA$925
Heather Ridge2 Bedroom 1 Bath2BR,1BA$975
Forest VillageFV-C2BR,1BA$1,063
Preserve at Sycamore CreekBagnell1BR,1BA$1,215
Springbrook Park ApartmentsSlate1BR,1BA$1,405
Walkers RidgeThe Shannon4BR,2BA$2,200

Best Value Apartments for Rent in Florence, MO and Nearby

As of May 30, 2026 the best value apartment in the Florence area is the $0.39 price per square foot The Mizzou Model at The Row in the starting from $705. The second greatest value Florence apartment is the The Lyman Model at Walkers Ridge starting at $2,200 with a $1.22 price per square foot in the Broadway Farms neighborhood. Here is today’s list of the best values for Florence apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The RowThe Mizzou4BR,3BA$0.39
Walkers RidgeThe Lyman4BR,2.5BA$1.22
Southern Hills Townhouses & Apartments, LLCDeluxe Three Bedroom Apartment, Two Bath, Livin...3BR,2BA$0.71
The Lyfe @ Missouri3x33BR,3BA$0.60
Forest VillageFV-A2BR,1BA$1.62
Heather Ridge2 Bedroom 1 Bath2BR,1BA$1.30
Ash Street Place Apartments2x12BR,1BA$1.03
Preserve at Sycamore CreekBagnell1BR,1BA$1.70
Broadway ApartmentsThe Hayes Renovated1BR,1BA$1.54
Courtyard Apartments1 Bedroom 1 Bath1BR,1BA$1.43

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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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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Frequently Asked Questions about Cheap Florence Apartments

How much is rent for a Cheap One Bedroom Florence Apartment?

The lowest price for a Cheap One Bedroom Florence Apartment is $916 at Courtyard Apartments.

What is the lowest price for a Cheap Two Bedroom Florence Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Florence is starting from $755 at Ash Street Place Apartments.

What is the most affordable Florence Three Bedroom Apartment?

The best deal on a cheap Florence Three Bedroom Apartment rental is at Southern Hills Townhouses & Apartments, LLC and starts from $1,200.

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.