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$675 - $7501 to 2 Bedroom Apartments Contact Us For Availability
Watch Street
2100-2160 E Watch AveSpringfield, IL 62702
Cheap Apartments for Rent in the Downtown Springfield Neighborhood of Springfield, IL from $500 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Springfield area of Springfield.
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$680
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Studio Apartment Available NowTotal Monthly Price
Base Rent
$680
Total Monthly Price
$680
803 W Edwards St, Unit C
803 W Edwards StSpringfield, IL 62704
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$730 - $1,300Studio to 2 Bedroom Apartments Contact Us For Availability
Safe Harbor Properties
437 W Edwards StSpringfield, IL 62704
913 N 7th St
SpringfieldIL62702
2013 N 11th St
SpringfieldIL62702
1901 S 15th St
SpringfieldIL62703
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$896 - $1,0301 to 2 Bedroom Apartments Available Now
Capitol Plaza Apartments
1210 E Washington StSpringfield, IL 62703
524 E Ridgely Ave
SpringfieldIL62702
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.
1224 N Rutledge St
SpringfieldIL62702
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$925 - $1,0951 to 2 Bedroom Apartments Available Now
Smart Choice Park
300 N Park AveSpringfield, IL 62702
1728 S 7th St
SpringfieldIL62703
2109 S Martin Luther King Jr Dr
SpringfieldIL62703
1501 S Spring St
SpringfieldIL62704
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$9951 Bedroom Apartments Contact Us For Availability
The District Apartments
538 W Miller StSpringfield, IL 62702
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Studio to 2 Bedroom Apartments
727 West Governor Apartments
727 W Governor StSpringfield, IL 62704
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Studio to 2 Bedroom Apartments
University Villa
407 W Calhoun AveSpringfield, IL 62702
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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2 Bedroom Apartments
Leland Pointe Apartments
1310-1328 Outer Park DrSpringfield, IL 62704
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1 Bedroom Apartments
Dorset Apartments
1017-1021 S Spring StSpringfield, IL 62704
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1 Bedroom Apartments
632 S Walnut St
632 S Walnut StSpringfield, IL 62704
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1 to 2 Bedroom Apartments
Ash Street
1306-1312 W Ash StSpringfield, IL 62704
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Studio to 1 Bedroom Apartments
The Hickox Collection
631 S 4th StSpringfield, IL 62703
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Studio Apartments
The Apartments at Liberty Rose
820 E Converse StSpringfield, IL 62702
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1 Bedroom Apartments
811 Reisch
811 Reisch StSpringfield, IL 62702
1616 S 7th St
SpringfieldIL62703
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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1 to 2 Bedroom Apartments
1004-1006 S College St
1004-1006 S College StSpringfield, IL 62704
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1 to 2 Bedroom Apartments
909 S 8th St
909 S 8th StSpringfield, IL 62703
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1 to 2 Bedroom Apartments
520 Illini Ct
520 Illini CtSpringfield, IL 62704
825 Ruth Ave
SpringfieldIL62702
2160 S Martin Luther King Jr Dr
SpringfieldIL62703
1011 N 12th St
SpringfieldIL62702
229 W Allen St
SpringfieldIL62704
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1 to 2 Bedroom Apartments
SHP at Governor Place
1021 W Governor StSpringfield, IL 62704
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.
2136 S 9th St
SpringfieldIL62703
2155 S 13th St
SpringfieldIL62703
1509 W Monroe St
SpringfieldIL62704
Showing Results 1-35, Page 1 of 1
Downtown Springfield, Springfield, IL Local Guide
How much does it cost to rent an apartment in Downtown Springfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Springfield Studio Apartments | $1,326 | $730 | $1,900 |
| Downtown Springfield 1 Bedroom Apartments | $1,046 | $675 | $2,400 |
| Downtown Springfield 2 Bedroom Apartments | $1,679 | $750 | $3,755 |
| Downtown Springfield 3 Bedroom Apartments | $1,930 | $1,465 | $2,110 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 35 rentals with your search options within a 2 mile radius of the Downtown Springfield Neighborhood of Springfield, IL.
See all Apartments in SpringfieldExplore Springfield
Downtown Springfield, Springfield, IL Local Guide
- Nearby Springfield neighborhoods
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Cheapest Available Downtown Springfield Apartments for Rent
The cheapest available apartment rental in the Downtown Springfield area of Springfield, IL is a Studio unit found at The Hickox Collection priced from $718. 909 S 8th St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Downtown Springfield apartments for rent in Springfield, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Hickox Collection | The Abe Lincoln | Studio,1BA | $718 |
| 909 S 8th St | 1 Beds, 1 Baths | 1BR,1BA | $800 |
| Capitol Plaza Apartments | One Bedroom, One Bath | 1BR,1BA | $896 |
| Smart Choice Park | 1 Bedroom Unit-Standard | 1BR,1BA | $925 |
| 731 South Grand Ave W | 1/1 | 1BR,1BA | $1,050 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,060 |
| Lincoln Square Apartments | 2 Bedroom Townhouse - Available | 2BR,1BA | $1,650 |
Best Value Apartments for Rent in Downtown Springfield, IL
As of July 29, 2026 the best value apartment in the Downtown Springfield area is the $1.50 price per square foot 2 Bedroom Townhouse - Available Model at Lincoln Square Apartments in the in the Downtown Springfield neighborhood starting from $1,650. The second greatest value Downtown Springfield apartment is the 1320 N Rutledge St Model at 1320 N Rutledge St, Unit 1320 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 Downtown Springfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lincoln Square Apartments | 2 Bedroom Townhouse - Available | 2BR,1.5BA | $1.50 |
| 1320 N Rutledge St, Unit 1320 | 1320 N Rutledge St | 2BR,1BA | $1.10 |
| 1322 N Rutledge St, Unit 1322 | 1322 N Rutledge St | 2BR,1BA | $1.10 |
| 731 South Grand Ave W | 1/1 | 1BR,1BA | $1.31 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.41 |
| Smart Choice Park | 1 Bedroom Unit-Standard | 1BR,1BA | $1.32 |
| 909 S 8th St | 1 Beds, 1 Baths | 1BR,1BA | $1.45 |
| Capitol Plaza Apartments | One Bedroom, One Bath | 1BR,1BA | $1.70 |
| The Hickox Collection | The Abe Lincoln | Studio ,1BA | $1.60 |
| 803 W Edwards St, Unit C | 803 W Edwards St | Studio ,1BA | $1.51 |
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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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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Pet Friendly LifestyleDowntown Springfield, Springfield, IL
Ranked #1
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Downtown Springfield, Springfield, IL
McClernand Elementary School
Springfield School District 186
Public School - Grades K-5 (210)
4 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Springfield Apartments
How much is rent for a Cheap One Bedroom Downtown Springfield Apartment?
The lowest price for a Cheap One Bedroom Downtown Springfield Apartment is $724 at The Hickox Collection.
What is the lowest price for a Cheap Two Bedroom Downtown Springfield Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Springfield is starting from $1,030 at Capitol Plaza Apartments.
What is the most affordable Downtown Springfield Three Bedroom Apartment?
The best deal on a cheap Downtown Springfield Three Bedroom Apartment rental is at Lincoln Tower Apartments and starts from $2,000.
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
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.
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.
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.
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.