1236 N Oaklane Rd
SpringfieldIL62707
Cheap Homes for Rent in Springfield, IL from $495 (25 Rentals)
Search the lowest-cost Homes available for rent right now in Springfield.
417 E Cook St
SpringfieldIL62703
853 S Douglas Ave
SpringfieldIL62704
1006 S College St
SpringfieldIL62704
616 New St
SpringfieldIL62704
300 Forrest 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.
2160 S Martin Luther King Jr Dr
SpringfieldIL62703
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$9251 Bedroom Apartments Available Sep 1
1209 W Governor St
1209 W Governor StSpringfield, IL 62704
229 W Allen St
SpringfieldIL62704
2136 S 9th St
SpringfieldIL62703
1912 S 2nd St
SpringfieldIL62704
20 Anchor Rd
SpringfieldIL62707
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.
20 Grand Valley Dr
SpringfieldIL62702
525 W Cook St
SpringfieldIL62704
160 Forrest Ave
SpringfieldIL62702
924 N Edmond St
SpringfieldIL62702
3363 Bissell Rd
SpringfieldIL62707
52 Anchor Rd
SpringfieldIL62707
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.
1720 Clay St
SpringfieldIL62703
3 Utica Cir
SpringfieldIL62712
1408 N 15th St
SpringfieldIL62702
1137 N 4th St
SpringfieldIL62702
1710 E Moffat Ave
SpringfieldIL62702
2213 E Adams St
SpringfieldIL62703
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.
31 Imperial Valley Dr
SpringfieldIL62702
Showing Results 1-25, Page 1 of 1
Springfield, IL Local Guide
How much does it cost to rent a home in Springfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Springfield 2 Bedroom Homes for Rent | $1,215 | $900 | $1,750 |
| Springfield 3 Bedroom Homes for Rent | $1,502 | $495 | $2,950 |
| Springfield 4 Bedroom Homes for Rent | $2,313 | $1,350 | $3,500 |
| Springfield 5 Bedroom Homes for Rent | $3,600 | $2,700 | $4,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Springfield
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Springfield, IL Local Guide
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Cheapest Neighborhoods for Apartments in Springfield, IL
Pricing Updated: 08/22/2026Current apartment rentals in the Springfield, IL area range in price from $675 to $3,789 with an overall median price of $996. Here is today’s list neighborhoods with the lowest median pricing for Springfield Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Springfield | $995 | $675 | 36 |
| Enos Park | $997 | $675 | 35 |
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 $600. The Hickox Collection in the Downtown Springfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $718. Here is today’s list of the most affordable Springfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Whispering Pines Apartments | 1 Bed, 1 Bath - Essential | 1BR,1BA | $600 |
| The Hickox Collection | The Abe Lincoln | Studio,1BA | $718 |
| Cobblestone Apartments | Cobblestone 1BD | 1BR,1BA | $750 |
| Chatham Crossing | Unit 839 | 1BR,1BA | $759 |
| 909 S 8th St | 1 Beds, 1 Baths | 1BR,1BA | $800 |
Best Value Apartments for Rent in Springfield, IL
As of August 22, 2026 the best value apartment in the Springfield area is the $0.98 price per square foot C1 Model at Spring Creek Townhomes in the starting from $1,275. The second greatest value Springfield apartment is the Townhome Model at Ravenwood Townhomes starting at $895 with a $0.90 price per square foot . Here is today’s list of the best values for Springfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Spring Creek Townhomes | C1 | 3BR,1.5BA | $0.98 |
| Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.90 |
| 1530 S 4th St, Unit 1 | 1530 S 4th St | 1BR,1BA | $1.03 |
| The Boulevard Townhomes | Townhouse | 2BR,1.5BA | $1.04 |
| Safe Harbor Properties | 2 Bdr 1 Bath with Balcony. Capitol View. | 2BR,1BA | $1.08 |
| Meadow View Landing | 2 Bedroom/1 Bath | 2BR,1BA | $1.12 |
| 1221 W Washington St, Unit 2 | 1221 W Washington St | 2BR,1BA | $1.01 |
| 115 W Lawrence Ave, Unit C | 115 W Lawrence Ave | 1BR,1BA | $1.09 |
| Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
| 254 S Durkin Dr, Unit A | 254 S Durkin Dr | 1BR,1BA | $1.13 |
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.
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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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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
See the most popular apartments and homes in Springfield, IL
Frequently Asked Questions about Springfield
What type of rentals are currently available in Springfield?
There are currently 193 Apartments for Rent in Springfield, IL with pricing that ranges from $600 to $3,789. There are also 78 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springfield ranging from $495 to $4,500.
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 $495 to $4,500 with an average monthly rent of $1,434.
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 $1,094 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $495 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,600.
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.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.