close
View Me
$575 - $6501 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 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Springfield area of Springfield.
close
View Me
$750
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$750
Total Monthly Price
$750
618 N 5th St, Unit #3
618 N 5th StSpringfield, IL 62702
1901 S 15th St
SpringfieldIL62703
close
View Me
$800
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$800
Total Monthly Price
$800
331 W Cedar St, Unit Apt#3
331 W Cedar StSpringfield, IL 62704
436 W Cook St
SpringfieldIL62704
2013 N 11th St
SpringfieldIL62702
close
View Me
$896 - $1,0301 to 2 Bedroom Apartments Available Now
Capitol Plaza Apartments
1210 E Washington StSpringfield, IL 62703
412 Rafter St
SpringfieldIL62702
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.
close
View Me
$925 - $1,2002 Bedroom Apartments Available Now
Safe Harbor Properties
437 W Edwards StSpringfield, IL 62704
close
View Me
$925 - $1,0951 to 2 Bedroom Apartments Available Now
Smart Choice Park
300 N Park AveSpringfield, IL 62702
1713 S State St
SpringfieldIL62704
close
View Me
$9951 Bedroom Apartments Available Sep 10
The District Apartments
538 W Miller StSpringfield, IL 62702
1224 N Rutledge St
SpringfieldIL62702
close
View Me
Studio to 2 Bedroom Apartments
727 West Governor Apartments
727 W Governor StSpringfield, IL 62704
close
View Me
Studio to 2 Bedroom Apartments
University Villa
407 W Calhoun AveSpringfield, IL 62702
close
View Me
2 Bedroom Apartments
Leland Pointe Apartments
1310-1328 Outer Park DrSpringfield, IL 62704
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.
close
View Me
1 Bedroom Apartments
632 S Walnut St
632 S Walnut StSpringfield, IL 62704
close
View Me
1 Bedroom Apartments
Dorset Apartments
1017-1021 S Spring StSpringfield, IL 62704
close
View Me
Studio to 1 Bedroom Apartments
The Hickox Collection
631 S 4th StSpringfield, IL 62703
close
View Me
1 to 2 Bedroom Apartments
Ash Street
1306-1312 W Ash StSpringfield, IL 62704
close
View Me
1 to 2 Bedroom Apartments
Centre @ 501 Apartments
501 E Capitol AveSpringfield, IL 62701
close
View Me
Studio Apartments
The Apartments at Liberty Rose
820 E Converse StSpringfield, IL 62702
close
View Me
1 Bedroom Apartments
811 Reisch
811 Reisch StSpringfield, IL 62702
close
View Me
1 to 2 Bedroom Apartments
909 S 8th St
909 S 8th StSpringfield, IL 62703
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.
close
View Me
1 to 2 Bedroom Apartments
1004-1006 S College St
1004-1006 S College StSpringfield, IL 62704
1710 S Henry St
SpringfieldIL62704
close
View Me
1 to 2 Bedroom Apartments
520 Illini Ct
520 Illini CtSpringfield, IL 62704
619 S 5th St
SpringfieldIL62703
1011 N 12th St
SpringfieldIL62702
1010 N 12th St
SpringfieldIL62702
1913 S 7th St
SpringfieldIL62703
229 W Allen St
SpringfieldIL62704
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.
close
View Me
1 to 2 Bedroom Apartments
SHP at Governor Place
1021 W Governor StSpringfield, IL 62704
Showing Results 1-33, 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 | $1,850 | $1,800 | $1,900 |
| Downtown Springfield 1 Bedroom Apartments | $1,076 | $575 | $2,400 |
| Downtown Springfield 2 Bedroom Apartments | $1,585 | $650 | $3,400 |
| Downtown Springfield 3 Bedroom Apartments | $2,085 | $2,070 | $2,110 |
| Downtown Springfield 4 Bedroom Apartments | $1,100 | $1,100 | $1,100 |
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 33 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Springfield Apartments for Rent
The cheapest available apartment rental in the Downtown Springfield area of Springfield, IL is a 1 Bed unit found at 909 S 8th St priced from $800. Capitol Plaza Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $896. Here are the most affordable Downtown Springfield apartments for rent in Springfield, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 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 |
| Safe Harbor Properties | 2 Bdr 1 Bath with Balcony. Capitol View. | 2BR,1BA | $935 |
| SHP at Governor Place | 2 BDR/ 1 BATH BALCONY | 2BR,1BA | $975 |
| 731 South Grand Ave W | 1/1 | 1BR,1BA | $1,050 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,060 |
Best Value Apartments for Rent in Downtown Springfield, IL
As of June 13, 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 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 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 |
| 913 N 7th St, Unit 3 | 913 N 7th St | 4BR,2BA | $1.10 |
| SHP at Governor Place | 2 BDR/ 1 BATH BALCONY | 2BR,1BA | $0.98 |
| Safe Harbor Properties | 2 Bdr 1 Bath with Balcony. Capitol View. | 2BR,1BA | $1.01 |
| 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 |
| 331 W Cedar St, Unit Apt#3 | 331 W Cedar St | 1BR,1BA | $1.33 |
| 909 S 8th St | 1 Beds, 1 Baths | 1BR,1BA | $1.45 |
| 618 N 5th St, Unit #3 | 618 N 5th St | 1BR,1BA | $1.50 |
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.
Read Article
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.
Read ArticleQuick 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.
Let everyone know!
Do you know the Downtown Springfield area?
If you’re an expert on all things Downtown Springfield, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $800 at 909 S 8th St.
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 $935 at Safe Harbor Properties.
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
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.
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.
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.
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.