Cheap Apartments for Rent in the Memorial Square Neighborhood of Springfield, MA from $1,200 (15 Rentals)

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

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.

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.

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.

Memorial Square, Springfield, MA Local Guide

Cheapest Available Memorial Square Apartments for Rent

 

The cheapest available apartment rental in the Memorial Square area of Springfield, MA is a 1 Bed unit found at Pleasant Park Apartments priced from $1,350. Forest Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,430. Here are the most affordable Memorial Square apartments for rent in Springfield, MA:

Apartment ListingModel NameBed/BathPriced From
Pleasant Park ApartmentsOne bedroom1BR,1BA$1,350
Forest Park ApartmentsThe Summer1BR,1BA$1,430
The CourtyardsThe TraditionalStudio,1BA$1,486
Cumberland Homes3 Bedroom3BR,1BA$1,520
Westwood Court TownhousesTwo Bedroom 1.5 Bath2BR,1BA$1,695

Best Value Apartments for Rent in Memorial Square, MA

As of July 12, 2025 the best value apartment in the Memorial Square area is the $1.01 price per square foot 30 Merrick Ave Model at 30 Merrick Ave in the in the Ridgewood neighborhood starting from $1,900. The second greatest value Memorial Square apartment is the 102 Savoy Ave Model at 102 Savoy Ave, Unit 102 starting at $1,900 with a $1.21 price per square foot in the Liberty Heights neighborhood. Here is today’s list of the best values for Memorial Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
30 Merrick Ave30 Merrick Ave2BR,1BA$1.01
102 Savoy Ave, Unit 102102 Savoy Ave2BR,1.5BA$1.21
Skyview Downtown2 Bed/ 1 Bath2BR,1BA$1.91
263 Central St, Unit 3R263 Central St3BR,1BA$1.97
Cumberland Homes3 Bedroom3BR,1BA$1.74
Westwood Court TownhousesTwo Bedroom 1.5 Bath2BR,1.5BA$1.99
152 Walnut St, Unit 154152 Walnut St2BR,1BA$1.70
ThirtyOne ElmA9 One Bedroom Byer's Block1BR,1BA$2.75
Forest Park ApartmentsThe Summer1BR,1BA$2.46
Pleasant Park ApartmentsOne bedroom1BR,1BA$2.50

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
Memorial Square, Springfield, MA

Ranked #9

Among neighborhoods in Springfield, MA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Memorial Square Neighborhood in Springfield, MA

Walk Score®

73 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

Transit Score®

69 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Memorial Square Apartments

What is the price of a cheap apartment in Memorial Square?

The cheapest apartment in Memorial Square is Pleasant Park Apartments which is listed at $1,350, while the average apartment in Memorial Square costs $1,875.

What types of apartments are the cheapest in Memorial Square?

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 4 regular apartments in Memorial Square 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 Memorial Square?

Cheap apartments in Memorial Square have an average cost of $281 which is $1,594 cheaper than the average rent for all rentals in Memorial Square.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.

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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.