853 S Douglas Ave
SpringfieldIL62704
Cheap Homes for Rent in Downtown Springfield Neighborhood of Springfield, IL from $700 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Springfield area of Springfield.
529 S Park Ave
SpringfieldIL62704
811 S State St
SpringfieldIL62704
1248 Ledlie Ave
SpringfieldIL62702
131 S Douglas Ave
SpringfieldIL62704
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.
1004 S College St
Leland GroveIL62704
824 E Ridgely Ave
SpringfieldIL62702
300 Forrest Ave
SpringfieldIL62702
1925 E Spruce St
SpringfieldIL62703
926 W Washington St
SpringfieldIL62702
61 Grand Valley Dr
SpringfieldIL62702
1031 S 3rd 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.
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2221 E Adams St
SpringfieldIL62703
206 N State St
SpringfieldIL62702
2320 E Enterprise St
GrandviewIL62702
525 E Pine St
SpringfieldIL62703
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.
1815 N 9th St
SpringfieldIL62702
1105 N 5th St
SpringfieldIL62702
Showing Results 1-19, Page 1 of 1
Downtown Springfield, Springfield, IL Local Guide
How much does it cost to rent a home in Downtown Springfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Springfield 2 Bedroom Homes for Rent | $1,182 | $800 | $2,000 |
| Downtown Springfield 3 Bedroom Homes for Rent | $1,322 | $950 | $1,650 |
| Downtown Springfield 4 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
| Downtown Springfield 5 Bedroom Homes for Rent | $1,480 | $1,110 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Downtown Springfield Neighborhood of Springfield, IL.
Explore 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 $628. SHP at Governor Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. 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 Hickox | Studio,1BA | $628 |
| SHP at Governor Place | 1 BDR Model | 1BR,1BA | $785 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $799 |
| Smart Choice Park | 1 Bedroom Unit-Standard | 1BR,1BA | $875 |
| Safe Harbor Properties | 1 Bdr 1 Bath with Balcony. WiFi Included. | 1BR,1BA | $875 |
Best Value Apartments for Rent in Downtown Springfield, IL
As of September 10, 2025 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 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 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 |
| SHP at Governor Place | 2 BDR VIRTUALLY STAGED WIFI INCLUDED | 2BR,1BA | $0.92 |
| Safe Harbor Properties | Downtown | 1BR,1BA | $1.03 |
| 721 South Grand Ave W | One Bedroom | 1BR,1BA | $1.24 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
| Smart Choice Park | 1 Bedroom Unit-Standard | 1BR,1BA | $1.25 |
| The Hickox Collection | The Hickox | Studio ,1BA | $1.57 |
Quick Rent Budget Calculator
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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 (191)
3 out of 10
School data provided by Great Schools
Frequently Asked Questions about Downtown Springfield
What type of rentals are currently available in Downtown Springfield?
There are currently 94 Apartments for Rent in Downtown Springfield, IL with pricing that ranges from $575 to $2,723. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Springfield ranging from $700 to $2,000.
What is the current price range for Rental Homes in Downtown Springfield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Springfield ranges from $700 to $2,000 with an average monthly rent of $1,299.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
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.
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.
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.