1422 E Reservoir St
SpringfieldIL62702
Cheap Homes for Rent in Downtown Springfield Neighborhood of Springfield, IL from $400 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Springfield area of Springfield.
619 S Walnut St
SpringfieldIL62704
2013 S Spring St
SpringfieldIL62704
629 W Washington St
SpringfieldIL62702
205 W Allen St
SpringfieldIL62704
131 S Douglas Ave
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.
1616 S 7th St
SpringfieldIL62703
831 N 9th St
SpringfieldIL62702
201 W Allen St
SpringfieldIL62704
110 S Wesley St
SpringfieldIL62703
1912 S 2nd St
SpringfieldIL62704
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.
109 S Walnut St
SpringfieldIL62704
Showing Results 1-12, Page 1 of 1
Downtown Springfield, Springfield, IL Local Guide
The Illinois State Capitol as seen from Capitol Avenue by Éovart Caçeir is licensed under CC BY-SA 3.0
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 | $1,015 | $400 | $1,600 |
| Downtown Springfield 3 Bedroom Homes for Rent | $1,322 | $950 | $1,950 |
| Downtown Springfield 4 Bedroom Homes for Rent | $2,250 | $2,250 | $2,250 |
| Downtown Springfield 5 Bedroom Homes for Rent | $1,442 | $1,110 | $1,775 |
| Downtown Springfield 6 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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 Hickcox Collection priced from $614. Denison Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Downtown Springfield apartments for rent in Springfield, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Hickcox Collection | The Hickox | Studio,1BA | $614 |
| Denison Place | One Bedroom | 1BR,1BA | $675 |
| Meadow View Landing | 1 Bedroom/1 Bath | 1BR,1BA | $780 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $799 |
| Whispering Pines Apartments | 1 Bed, 1 Bath | 1BR,1BA | $825 |
Best Value Apartments for Rent in Downtown Springfield, IL
As of May 31, 2025 the best value apartment in the Downtown Springfield area is the $0.77 price per square foot 1208 S 7th St Model at 1208 S 7th St, Unit C in the in the Downtown Springfield neighborhood starting from $1,290. The second greatest value Downtown Springfield apartment is the Walk to work. Capitol View. WIFI Included. Model at Safe Harbor Properties starting at $925 with a $1.03 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. |
|---|---|---|---|
| 1208 S 7th St, Unit C | 1208 S 7th St | 2BR,1BA | $0.77 |
| Safe Harbor Properties | Walk to work. Capitol View. WIFI Included. | 2BR,1BA | $1.03 |
| 1221 W Washington St, Unit 2 | 1221 W Washington St | 2BR,1BA | $1.06 |
| 3TEN | B1 | 2BR,1BA | $1.12 |
| 721 South Grand Ave W | One Bedroom | 1BR,1BA | $1.24 |
| Denison Place | One Bedroom | 1BR,1BA | $0.84 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
| Smart Choice Park | 1 Bedroom Unit-Standard | 1BR,1BA | $1.25 |
| Meadow View Landing | 1 Bedroom/1 Bath | 1BR,1BA | $1.16 |
| Whispering Pines Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1.42 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Downtown Springfield
What type of rentals are currently available in Downtown Springfield?
There are currently 106 Apartments for Rent in Downtown Springfield, IL with pricing that ranges from $575 to $2,560. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Springfield ranging from $400 to $2,250.
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 $400 to $2,250 with an average monthly rent of $1,347.
How much are larger Three and Four Bedroom Rentals in Downtown Springfield?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Springfield range from $975 to $1,350, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $1,950. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $1,620.
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 Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.