Cheap Apartments for Rent in the Bay Neighborhood of Springfield, MA from $600 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Bay area of Springfield.

property at 66 Knollwood St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

66 Knollwood St

SpringfieldMA01104
property at 23 Federal St

$1,239

Total Monthly Price

Total Monthly Price

Base Rent
$1,239

Total Monthly Price
$1,239

2 Bedroom, 1 Bath Home for Rent

Available Now

23 Federal St

SpringfieldMA01105

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.

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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127 Spring St
Studio to 3 Bedroom Apartments

127 Spring St

127 Spring StSpringfield, MA 01105
  • Utilities Included
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84-88 Byers St
Studio to 3 Bedroom Apartments

84-88 Byers St

84-88 Byers StSpringfield, MA 01105
  • Utilities Included
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659-663 State St
2 to 3 Bedroom Apartments

659-663 State St

659-663 State StSpringfield, MA 01109
  • Utilities Included
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Ridgewood
1 to 3 Bedroom Apartments

Ridgewood

304-306 Union StSpringfield, MA 01105
  • Utilities Included
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915-919 Worthington St
Studio to 2 Bedroom Apartments

915-919 Worthington St

915-919 Worthington StSpringfield, MA 01105
  • Utilities Included
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Armoury Commons
1 Bedroom Apartments

Armoury Commons

15-21 Salem StSpringfield, MA 01105
  • Utilities Included

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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The Maples Apartments
Studio Apartments

The Maples Apartments

289-305 Maple StSpringfield, MA 01105
  • Utilities Included
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Worthy Building
1 to 2 Bedroom Apartments

Worthy Building

193 Worthington StSpringfield, MA 01103
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Museum Park Senior 55+
Studio to 2 Bedroom Apartments

Museum Park Senior 55+

70 Chestnut StSpringfield, MA 01103
Senior Living
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Northern Heights
Studio to 4 Bedroom Apartments

Northern Heights

759-769 Main StSpringfield, MA 01105
  • Utilities Included
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Worthington Commons
Studio to 3 Bedroom Apartments

Worthington Commons

900 Worthington StSpringfield, MA 01105
  • Utilities Included

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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Park Street Lofts
1 Bedroom Apartments

Park Street Lofts

15 Park StSpringfield, MA 01103
  • Utilities Included

Bay, Springfield, MA Local Guide

Cheapest Available Bay Apartments for Rent

 

The cheapest available apartment rental in the Bay area of Springfield, MA is a 1 Bed unit found at Worthy III LLC priced from $1,250. Museum Park Senior 55+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,344. Here are the most affordable Bay apartments for rent in Springfield, MA:

Apartment ListingModel NameBed/BathPriced From
Worthy III LLC1 Bed, 1 bath1BR,1BA$1,250
Museum Park Senior 55+1 Bedroom1BR,1BA$1,344
SilverBrick Lofts1BR/1.0BA1BR,1BA$1,345
Skyview Downtown1 Bed/1 Bath1BR,1BA$1,600
SilverBrick Square2BR/1.0BA2BR,1BA$1,735

Best Value Apartments for Rent in Bay, MA

As of May 30, 2026 the best value apartment in the Bay area is the $0.26 price per square foot 1 Bedroom Model at Museum Park Senior 55+ in the in the Ridgewood neighborhood starting from $1,120. The second greatest value Bay apartment is the 2BR/1.0BA Model at SilverBrick Square starting at $1,735 with a $1.48 price per square foot in the Ridgewood neighborhood. Here is today’s list of the best values for Bay apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Museum Park Senior 55+1 Bedroom1BR,1BA$0.26
SilverBrick Square2BR/1.0BA2BR,1BA$1.48
21 Colchester St, Unit Colchester St21 Colchester St3BR,1BA$2.50
SilverBrick Lofts1BR/1.0BA1BR,1BA$1.59
Stockbridge CourtA1A-R1BR,1BA$3.19
Skyview Downtown1 Bed/1 Bath1BR,1BA$3.18

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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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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Quick Rent Budget Calculator

How much rent can you afford?

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 Lifestyle
Bay, Springfield, MA

Ranked #7

Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States, including Springfield. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Bay Apartments

What is the price of a cheap apartment in Bay?

The cheapest apartment in Bay is Worthy III LLC which is listed at $1,250, while the average apartment in Bay costs $2,400.

What types of apartments are the cheapest in Bay?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Bay that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Bay?

Cheap apartments in Bay have an average cost of $298 which is $2,102 cheaper than the average rent for all rentals in Bay.

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.