Cheap Apartments for Rent in Springfield, IL from $400 (104 Rentals)

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

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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property at 2013 N 11th St

$800 - $850

1 Bedroom Rentals

Available Now

2013 N 11th St

SpringfieldIL62702

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 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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2925 Taylor Ave
1 to 2 Bedroom Apartments

2925 Taylor Ave

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

2501-2621 Bluebird St

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

University Villa

407 W Calhoun AveSpringfield, IL 62702
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Springfield, IL Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Springfield, IL

Pricing Updated: 04/23/2026

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
Enos Park$1,850$59528
Downtown Springfield$2,150$59532

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. Safe Harbor Properties in the Downtown Springfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $730. 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
Safe Harbor PropertiesStudioStudio,1BA$730
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
Cedar Point ApartmentsEfficiencyStudio,1BA$775
Lake Shore ApartmentsApt 342BR,1BA$799
Lake Pointe ApartmentsOne Bedroom1BR,1BA$860
Pine Ridge ApartmentsOne Bedroom1BR,1BA$875
Capitol Plaza ApartmentsOne Bedroom, One Bath1BR,1BA$896
Smart Choice Park1 Bedroom Unit-Standard1BR,1BA$925

Best Value Apartments for Rent in Springfield, IL

As of April 23, 2026 the best value apartment in the Springfield area is the $1.12 price per square foot B1 Model at Spring Creek Townhomes in the starting from $1,341. The second greatest value Springfield apartment is the C1 Model at Candles starting at $1,160 with a $1.00 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.
Spring Creek TownhomesB12BR,1.5BA$1.12
CandlesC13BR,2BA$1.00
102 S Glenwood Ave, Unit Bottom Unit #1102 S Glenwood Ave2BR,1BA$0.84
56 Westminster Rd, Unit 5656 Westminster Rd2BR,1.5BA$1.10
445 W Carpenter St, Unit 1445 W Carpenter St2BR,1BA$1.00
1221 W Washington St, Unit 21221 W Washington St2BR,1BA$1.06
115 W Lawrence Ave, Unit C115 W Lawrence Ave1BR,1BA$1.06
Lake Shore ApartmentsApt 342BR,1BA$1.00
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Safe Harbor PropertiesStudioStudio ,1BA$1.08

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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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

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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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 Safe Harbor Properties listed at $730.

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 Candles and starts from $1,160.

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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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.