Cheap Homes for Rent in Springfield, IL from $700 (24 Rentals)

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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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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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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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Showing Results 1-24, Page 1 of 1

Springfield, IL Local Guide

Cheapest Neighborhoods for Apartments in Springfield, IL

Pricing Updated: 10/29/2025

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
Downtown Springfield$1,200$67522
Enos Park$1,200$67521

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 $700. Cobblestone Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here is today’s list of the most affordable Springfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Whispering Pines Apartments2 Bed, 1 Bath - Essential1BR,1BA$700
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$785
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$799
Safe Harbor Properties1 Bdr/ 1 Bath Private Balcony Capitol Views1BR,1BA$875
Smart Choice Park1 Bedroom Unit-Standard1BR,1BA$875

Best Value Apartments for Rent in Springfield, IL

As of October 29, 2025 the best value apartment in the Springfield area is the $0.80 price per square foot 110 W Vine St Model at 110 W Vine St, Unit C in the in the Downtown Springfield neighborhood starting from $1,200. The second greatest value Springfield apartment is the 1115 Rantoul St Model at 1115 Rantoul St, Unit 1115 Rantoul St. starting at $1,350 with a $1.01 price per square foot . 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.
110 W Vine St, Unit C110 W Vine St4BR,1BA$0.80
1115 Rantoul St, Unit 1115 Rantoul St.1115 Rantoul St2BR,2BA$1.01
Spring Creek TownhomesB12BR,1.5BA$0.97
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
Orchard Park2 Bedroom 1 Bath South2BR,1BA$0.99
Safe Harbor PropertiesDowntown1BR,1BA$1.03
1221 W Washington St, Unit 21221 W Washington St2BR,1BA$1.06
3TENB12BR,1BA$1.03
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.11
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

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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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Springfield, IL
Population: 114,694

Ranked #254

in US Census Population by City

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Best Local Schools in
Springfield, IL

School data provided by Great Schools

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

Explore Springfield, IL Rentals by Map

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See the most popular apartments and homes in Springfield, IL

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Frequently Asked Questions about Springfield

What type of rentals are currently available in Springfield?

There are currently 185 Apartments for Rent in Springfield, IL with pricing that ranges from $650 to $3,000. There are also 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springfield ranging from $725 to $3,495.

What is the current price range for Rental Homes in Springfield?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Springfield ranges from $725 to $3,495 with an average monthly rent of $1,421.

How much are larger Three and Four Bedroom Rentals in Springfield?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Springfield range from $1,243 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,200.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.