Cheap Apartments for Rent near Hermitage, MO from $500 (46 Rentals)

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

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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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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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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Wyota Commons
Studio Apartments

Wyota Commons

1221 Millcreek RdLebanon, MO 65536
  • Utilities Included
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Oak Place
1 Bedroom Apartments

Oak Place

1141-1157 E Norton RdSpringfield, MO 65803
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Eldo Suites Apartments
1 to 2 Bedroom Apartments

Eldo Suites Apartments

311 U.S. 54El Dorado Springs, MO 64744
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Embassy Apartments
Studio to 3 Bedroom Apartments

Embassy Apartments

927-937 E Elm StSpringfield, MO 65806

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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The Willows
Studio to 3 Bedroom Apartments

The Willows

413 Doxey StStrafford, MO 65757
  • Utilities Included
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Cherry Plaza
2 Bedroom Apartments

Cherry Plaza

1210 E Cherry StSpringfield, MO 65802
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Boyd Lofts
1 to 2 Bedroom Apartments

Boyd Lofts

1409 N Washington AveSpringfield, MO 65802

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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Showing Results 1-46, Page 1 of 1

Hermitage, MO Local Guide

Cheapest Available Hermitage Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hermitage, MO is a Studio unit found at Wyota Commons West priced from $550. North Terrace Apartments in the Northeast neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $575. Here is today’s list of the most affordable Hermitage apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wyota Commons WestStudiosStudio,1BA$550
North Terrace Apartments2 x 1 Small2BR,1BA$575
Eldorado SpringsForest Grove1BR,1BA$660
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$725
The Greens at SpringfieldClassic1BR,1BA$755
East Manor ApartmentsEast Manor 1 Bedroom, 1 Bathroom1BR,1BA$775
English Village2 Bedroom, 1 Bathroom2BR,1BA$795
SankofaStudioStudio,1BA$795
320 W Walnut StBack Corner1BR,1BA$795
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$800

Best Value Apartments for Rent in Hermitage, MO and Nearby

As of August 04, 2026 the best value apartment in the Hermitage area is the $0.93 price per square foot 3BR/2.0BA Model at Artifacts Warehouse in the in the Central neighborhood starting from $1,475. The second greatest value Hermitage apartment is the C2 | Three Bedroom Model at Vue on Walnut | Student Housing starting at $839 with a $0.61 price per square foot in the Central neighborhood. Here is today’s list of the best values for Hermitage apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Artifacts Warehouse3BR/2.0BA3BR,2BA$0.93
Vue on Walnut | Student HousingC2 | Three Bedroom3BR,3BA$0.61
Parkwood Apartments3 Beds, 2 Baths3BR,2BA$1.08
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.71
Coryell Courts ApartmentsChristopher 11BR,1BA$1.15
English Village II2 Bedroom, 2 Bathroom2BR,2BA$1.00
English Village2 Bedroom, 1 Bathroom2BR,1BA$0.96
North Terrace Apartments2 x 1 Small2BR,1BA$0.73
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$1.07
Eldorado SpringsForest Grove1BR,1BA$1.10

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Hermitage, MO Rentals by Map

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See the most popular apartments and homes in Hermitage, MO

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Frequently Asked Questions about Cheap Hermitage Apartments

What is the Cheapest Studio apartment in Hermitage?

Currently the most affordable Cheap Studio Apartment in Hermitage is at Wyota Commons West listed at $550.

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

The lowest price for a Cheap One Bedroom Hermitage Apartment is $660 at Eldorado Springs.

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

Today's best deal for a Cheap Two Bedroom Apartment in Hermitage is starting from $575 at North Terrace Apartments.

What is the most affordable Hermitage Three Bedroom Apartment?

The best deal on a cheap Hermitage Three Bedroom Apartment rental is at Parkwood Apartments and starts from $1,300.

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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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.