Cheap Apartments for Rent in Springfield, IL from $400 (65 Rentals)

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

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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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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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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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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Timberlake Estates
1 to 2 Bedroom Apartments

Timberlake Estates

2423 Taylor AveSpringfield, IL 62703
Senior Living
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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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Boysenberry Village
1 to 2 Bedroom Apartments

Boysenberry Village

2312 Boysenberry LnSpringfield, IL 62711
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Centre @ 501 Apartments
1 to 2 Bedroom Apartments

Centre @ 501 Apartments

501 E Capitol AveSpringfield, IL 62701
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Fox Run Village
1 to 2 Bedroom Apartments

Fox Run Village

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

811 Reisch

811 Reisch StSpringfield, IL 62702
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Springfield, IL Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Springfield, IL

Pricing Updated: 09/07/2025

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$1,300$57543
Enos Park$1,300$57542

Cheapest Available Springfield Apartments for Rent

 

The cheapest available apartment rental in Springfield, IL is a Studio unit found at The Hickox Collection in the Downtown Springfield neighborhood priced from $628. Denison Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Springfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Hickox CollectionThe HickoxStudio,1BA$628
Denison PlaceOne Bedroom1BR,1BA$675
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
SHP at Governor Place1 BDR Model1BR,1BA$785
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$799
Whispering Pines Apartments1 Bed, 1 Bath (Legacy)1BR,1BA$825
Smart Choice Park1 Bedroom Unit-Standard1BR,1BA$875
Safe Harbor Properties1 Bdr 1 Bath with Balcony. WiFi Included.1BR,1BA$875
Ravenwood TownhomesTownhome2BR,1BA$875
Cedar Point ApartmentsOne Bedroom Garden1BR,1BA$900

Best Value Apartments for Rent in Springfield, IL

As of September 07, 2025 the best value apartment in the Springfield area is the $0.88 price per square foot Townhome Model at Ravenwood Townhomes in the starting from $875. The second greatest value Springfield apartment is the 2 BDR VIRTUALLY STAGED WIFI INCLUDED Model at SHP at Governor Place starting at $825 with a $0.92 price per square foot in the Downtown Springfield neighborhood. 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.
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
SHP at Governor Place2 BDR VIRTUALLY STAGED WIFI INCLUDED2BR,1BA$0.92
Safe Harbor PropertiesDowntown1BR,1BA$1.03
1221 W Washington St, Unit 21221 W Washington St2BR,1BA$1.06
2000 S Douglas Ave, Unit 32000 S Douglas Ave2BR,1BA$1.14
Huntington Ridge ApartmentsTwo Bedroom2BR,1BA$1.22
Denison PlaceOne Bedroom1BR,1BA$0.84
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
254 S Durkin Dr, Unit A254 S Durkin Dr1BR,1BA$1.13
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07

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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.

Springfield, IL
Population: 114,694

Ranked #254

in US Census Population by City

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Best Local Schools in
Springfield, IL

School data provided by Great Schools

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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Springfield, IL Apartments Map
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Getting Around Springfield, IL

Walk Score®

50 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

30 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Springfield Apartments

What is the Cheapest Studio apartment in Springfield?

Currently the most affordable Cheap Studio Apartment in Springfield is at The Hickox Collection listed at $628.

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

The lowest price for a Cheap One Bedroom Springfield Apartment is $675 at Denison Place.

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 $825 at SHP at Governor Place.

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 $1,308.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.