Cheap Apartments for Rent in Springfield, IL from $400 (78 Rentals)

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

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 1901 S 15th St

$795 - $850

1 Bedroom Rentals

Available Now

1901 S 15th St

SpringfieldIL62703

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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2925 Taylor Ave
1 to 2 Bedroom Apartments

2925 Taylor Ave

2925 Taylor AveSpringfield, IL 62703
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2501-2621 Bluebird St
1 to 2 Bedroom Apartments

2501-2621 Bluebird St

2501-2621 Bluebird StSpringfield, IL 62703
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University Villa
Studio to 2 Bedroom Apartments

University Villa

407 W Calhoun AveSpringfield, IL 62702
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Timberlake Estates
1 to 2 Bedroom Apartments

Timberlake Estates

2423 Taylor AveSpringfield, IL 62703
Senior Living
  • Utilities Included

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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Dorset Apartments
1 Bedroom Apartments

Dorset Apartments

1017-1021 S Spring StSpringfield, IL 62704
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632 S Walnut St
1 Bedroom Apartments

632 S Walnut St

632 S Walnut StSpringfield, IL 62704
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Ash Street
1 to 2 Bedroom Apartments

Ash Street

1306-1312 W Ash StSpringfield, IL 62704
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Winch Lane Apartments
1 to 2 Bedroom Apartments

Winch Lane Apartments

1301-1305 Winch LnSpringfield, IL 62702
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Boysenberry Village
1 to 2 Bedroom Apartments

Boysenberry Village

2312 Boysenberry LnSpringfield, IL 62711
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Fox Run Village
1 to 2 Bedroom Apartments

Fox Run Village

2600-2721 Fox Run DrSpringfield, IL 62704
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811 Reisch
1 Bedroom Apartments

811 Reisch

811 Reisch StSpringfield, IL 62702
  • Utilities Included

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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Springfield, IL Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Springfield, IL

Pricing Updated: 07/23/2026

Current apartment rentals in the Springfield, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Springfield Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Springfield$2,072$67532
Enos Park$2,075$67530

Cheapest Available Springfield Apartments for Rent

 

The cheapest available apartment rental in Springfield, IL is a 1 Bed unit found at Whispering Pines Apartments priced from $600. The Hickox Collection in the Downtown Springfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $665. Here is today’s list of the most affordable Springfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Whispering Pines Apartments1 Bed, 1 Bath - Essential1BR,1BA$600
The Hickox CollectionThe HickoxStudio,1BA$665
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
909 S 8th St1 Beds, 1 Baths1BR,1BA$800
Lake Shore ApartmentsApt 202BR,1BA$850
Chatham CrossingUnit 8391BR,1BA$850
Pine Ridge ApartmentsOne Bedroom1BR,1BA$875
Safe Harbor Properties1st Floor Level1BR,1BA$875
Ravenwood TownhomesTownhome2BR,1BA$895
Capitol Plaza ApartmentsOne Bedroom, One Bath1BR,1BA$896

Best Value Apartments for Rent in Springfield, IL

As of July 23, 2026 the best value apartment in the Springfield area is the $1.09 price per square foot 3 Bedroom Model at Ash Grove in the starting from $1,450. The second greatest value Springfield apartment is the C1 Model at Spring Creek Townhomes starting at $1,438 with a $1.11 price per square foot . Here is today’s list of the best values for Springfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ash Grove3 Bedroom3BR,2BA$1.09
Spring Creek TownhomesC13BR,1.5BA$1.11
Ravenwood TownhomesTownhome2BR,1.5BA$0.90
CandlesB12BR,1.5BA$1.02
The Boulevard TownhomesTownhouse2BR,1.5BA$1.04
3TEN Apartments2 Bed 1 Bath2BR,1BA$1.05
Lake Shore ApartmentsApt 202BR,1BA$1.06
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Pine Ridge ApartmentsOne Bedroom1BR,1BA$1.17
Safe Harbor Properties1st Floor Level1BR,1BA$1.21

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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Springfield Overview

Springfield apartments abound in the capital city of Illinois. You will have your pick from basic to the most luxurious apartments available anywhere. You’ll find plenty to do in the city itself, but you’re still not too far from rural towns if you ever need a little elbow room.

Why live in Springfield, IL?

With all the places you could live in the world, it can be a daunting task to know where to put down roots. One of the benefits of Springfield is that you’re in the center of the United States. Whether you want to head to the east coast, west coast, the deep south or somewhere in the northland, you won’t have as far to go. You’ll be far enough south to have milder winters without having to forfeit the enjoyment of four seasons. A very historic setting makes for an inspiring place to live and work. Apartments in Springfield give you the perfect opportunity to get the most out of life in the area.

Best Local Schools in
Springfield, IL

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

Explore Springfield, IL Rentals by Map

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See the most popular apartments and homes in Springfield, IL

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Frequently Asked Questions about Cheap Springfield Apartments

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

The lowest price for a Cheap One Bedroom Springfield Apartment is $600 at Whispering Pines Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Springfield is starting from $725 at Whispering Pines Apartments.

What is the most affordable Springfield Three Bedroom Apartment?

The best deal on a cheap Springfield Three Bedroom Apartment rental is at Huntington Ridge Apartments and starts from $1,387.

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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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.

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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.