3500 N Dirksen Pkwy
SpringfieldIL62702
Cheap Homes for Rent in Springfield, IL from $500 (45 Rentals)
Search the lowest-cost Homes available for rent right now in Springfield.
1616 S 7th St
SpringfieldIL62703
2738 Dartmouth Dr, Unit 3008
2738 Dartmouth Dr
SpringfieldIL62712
2525 W Monroe St
SpringfieldIL62704
412 Rafter St
SpringfieldIL62702
619 S 5th St
SpringfieldIL62703
1010 N 12th St
SpringfieldIL62702
1011 N 12th St
SpringfieldIL62702
2136 S 9th 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.
2451 S 11th St
SpringfieldIL62703
2440 Yale Blvd
SpringfieldIL62703
229 S Paul St
SpringfieldIL62703
47 Imperial Valley Dr
SpringfieldIL62702
423 W Lawrence Ave
SpringfieldIL62704
1236 N Oaklane Rd
SpringfieldIL62707
1236 N Oaklane Rd
SpringfieldIL62707
3319 Ridgewood Ave
SpringfieldIL62702
1 Amos Valley Dr
SpringfieldIL62702
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.
4 Amos Valley Dr
SpringfieldIL62702
31 Imperial Valley Dr
SpringfieldIL62702
920 N 19th St
SpringfieldIL62702
27 Amos Valley Dr
SpringfieldIL62702
16 Sonoma Dr
SpringfieldIL62702
17 Grand Valley Dr
SpringfieldIL62702
613 S 5th St
SpringfieldIL62703
2512 Fox Bridge Rd
SpringfieldIL62703
2213 E Adams St
SpringfieldIL62703
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.
1413 N 5th St
SpringfieldIL62702
2404 S 11th St
SpringfieldIL62703
1608 S 2nd St
SpringfieldIL62704
3617 N Grand Ave E
SpringfieldIL62702
14 Amos Valley Dr
SpringfieldIL62702
2038 N 9th St
SpringfieldIL62702
1408 N 15th St
SpringfieldIL62702
2 St James Ct
SpringfieldIL62703
1235 N 8th St
SpringfieldIL62702
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.
1844 S 17th St
SpringfieldIL62703
814 W Highland Ave
SpringfieldIL62704
741 W Vine St
SpringfieldIL62704
525 E Pine St
SpringfieldIL62703
176 Jennifer Ct
ChathamIL62629
1024 N 11th St
SpringfieldIL62702
1506 E Phillips St
SpringfieldIL62702
2360 S 9th St
SpringfieldIL62703
2120 S 13th St
SpringfieldIL62703
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.
Showing Results 1-45, 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 | $1,200 | $750 | $2,100 |
| Springfield 3 Bedroom Homes for Rent | $1,448 | $530 | $2,950 |
| Springfield 4 Bedroom Homes for Rent | $3,023 | $2,600 | $3,800 |
| Springfield 5 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
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
- Springfield Neighborhoods
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Cheapest Neighborhoods for Apartments in Springfield, IL
Pricing Updated: 07/07/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Springfield | $1,150 | $750 | 39 |
| Enos Park | $1,150 | $750 | 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 $645. 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 Hickox | Studio,1BA | $645 |
| Cobblestone Apartments | Cobblestone 1BD | 1BR,1BA | $750 |
| Cedar Point Apartments | Efficiency | Studio,1BA | $775 |
| 909 S 8th St | 1 Beds, 1 Baths | 1BR,1BA | $800 |
| Lake Shore Apartments | Apt 20 | 2BR,1BA | $850 |
| Chatham Crossing | Unit 839 | 1BR,1BA | $850 |
| Pine Ridge Apartments | One Bedroom | 1BR,1BA | $875 |
Best Value Apartments for Rent in Springfield, IL
As of July 08, 2026 the best value apartment in the Springfield area is the $1.05 price per square foot B1 Model at Spring Creek Townhomes in the starting from $1,262. The second greatest value Springfield apartment is the Three Bedroom Model at Huntington Ridge Apartments starting at $1,387 with a $1.26 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 | B1 | 2BR,1.5BA | $1.05 |
| Huntington Ridge Apartments | Three Bedroom | 3BR,2BA | $1.26 |
| Chatham Crossing | Unit 785 | 2BR,2BA | $1.27 |
| Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.90 |
| The Boulevard Townhomes | Townhouse | 2BR,1.5BA | $1.04 |
| Safe Harbor Properties | 2 Bdr 1 Bath with Balcony. Capitol View. | 2BR,1BA | $1.08 |
| 1107 W Maple Ave S, Unit 4 | 1107 W Maple Ave S | 2BR,1BA | $1.06 |
| Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
| Lake Shore Apartments | Apt 20 | 2BR,1BA | $1.06 |
| Pine Ridge Apartments | One Bedroom | 1BR,1BA | $1.17 |
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 191 Apartments for Rent in Springfield, IL with pricing that ranges from $600 to $3,920. There are also 73 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springfield ranging from $530 to $3,800.
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 $530 to $3,800 with an average monthly rent of $1,884.
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 $1,100 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $530 to $2,950. Four Bedroom Single-Family rentals are also available starting from $2,600 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
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.