Cheap Apartments for Rent in Louisburg, MO from $500 (56 Rentals)

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

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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Wyota Commons
Studio Apartments

Wyota Commons

1221 Millcreek RdLebanon, MO 65536
  • Utilities Included
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Embassy Apartments
Studio to 3 Bedroom Apartments

Embassy Apartments

927-937 E Elm StSpringfield, MO 65806
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Cherry Plaza
2 Bedroom Apartments

Cherry Plaza

1210 E Cherry StSpringfield, MO 65802
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The Willows
Studio to 3 Bedroom Apartments

The Willows

413 Doxey StStrafford, MO 65757
  • Utilities Included

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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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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Showing Results 1-50, Page 1 of 2

Louisburg, MO Local Guide

Cheapest Available Louisburg Apartments for Rent and Nearby

 

The cheapest available apartment rental in Louisburg, 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 Louisburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wyota Commons WestStudiosStudio,1BA$550
North Terrace Apartments2 x 1 Small2BR,1BA$575
Aspen Springfield4 Bedroom - Boulder A4BR,4BA$599
Oak Place1 bedroom1BR,1BA$600
The U at Park East3BR/3BA - The Andres3BR,3BA$625
Grandview Village1 bedroom1BR,1BA$675
El MadridEl Madrid 1 Bedroom, 1 Bathroom1BR,1BA$725
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$725
Greenway StudiosStudioStudio,1BA$735
The Greens at SpringfieldClassic1BR,1BA$755

Best Value Apartments for Rent in Louisburg, MO and Nearby

As of June 23, 2026 the best value apartment in the Louisburg area is the $0.97 price per square foot 3x2 Model at Summit Park in the starting from $1,595. The second greatest value Louisburg apartment is the 3 Beds, 2 Baths Model at Parkwood Apartments starting at $1,300 with a $1.08 price per square foot in the Northeast neighborhood. Here is today’s list of the best values for Louisburg apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summit Park3x23BR,2BA$0.97
Parkwood Apartments3 Beds, 2 Baths3BR,2BA$1.08
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.75
Hillcrest 902 Bedroom2BR,1BA$0.86
Vue on Walnut | Student HousingB1 | Two Bedroom2BR,2BA$0.94
The U at Park East2BR/2BA - The Kirkenmeyer2BR,2BA$0.74
Silver Springs2.1.5 (840)2BR,1.5BA$1.07
North Terrace Apartments2 x 1 Small2BR,1BA$0.73
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$1.07
Grandview Village1 bedroom1BR,1BA$1.04

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

Explore Louisburg, MO Rentals by Map

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Frequently Asked Questions about Cheap Louisburg Apartments

What is the Cheapest Studio apartment in Louisburg?

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

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

The lowest price for a Cheap One Bedroom Louisburg Apartment is $600 at Oak Place.

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

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

What is the most affordable Louisburg Three Bedroom Apartment?

The best deal on a cheap Louisburg Three Bedroom Apartment rental is at The U at Park East and starts from $625.

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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.