Cheap Apartments for Rent in Springfield, IL from $400 (126 Rentals)

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

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618 N 5th St, Unit #3
$750
Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750
1 Bedroom Apartment Available Now

618 N 5th St, Unit #3

618 N 5th StSpringfield, IL 62702
Furnished
  • Smoke Free

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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property at 412 Rafter St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

412 Rafter St

SpringfieldIL62702

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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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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1322 N Rutledge St, Unit 1322
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100
2 Bedroom Apartment Available Now

1322 N Rutledge St, Unit 1322

1322 N Rutledge StSpringfield, IL 62702
Cost Per Sq.Ft.
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property at 741 W Vine St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

741 W Vine St

SpringfieldIL62704

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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Springfield, IL Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Springfield, IL

Pricing Updated: 06/07/2026

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$1,500$90033
Downtown Springfield$2,450$80038

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. Cobblestone Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. 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
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
Cedar Point ApartmentsEfficiencyStudio,1BA$775
Lake Shore ApartmentsApt 342BR,1BA$799
909 S 8th St1 Beds, 1 Baths1BR,1BA$800
Pine Ridge ApartmentsOne Bedroom1BR,1BA$875
Safe Harbor Properties1st Floor Level1BR,1BA$875
Capitol Plaza ApartmentsOne Bedroom, One Bath1BR,1BA$896

Best Value Apartments for Rent in Springfield, IL

As of June 08, 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 913 N 7th St Model at 913 N 7th St, Unit 3 starting at $1,100 with a $1.10 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.
Ash Grove3 Bedroom3BR,2BA$1.09
913 N 7th St, Unit 3913 N 7th St4BR,2BA$1.10
1320 N Rutledge St, Unit 13201320 N Rutledge St2BR,1BA$1.10
1322 N Rutledge St, Unit 13221322 N Rutledge St2BR,1BA$1.10
SHP at Governor Place2 BDR/ 1 BATH BALCONY2BR,1BA$0.98
CandlesB12BR,1.5BA$1.13
The Boulevard TownhomesTownhouse2BR,1.5BA$1.04
3TEN Apartments2 Bed 1 Bath2BR,1BA$1.05
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Lake Shore ApartmentsApt 342BR,1BA$1.00

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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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.

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Springfield, IL

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

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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 Ash Grove and starts from $1,450.

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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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.