
Cheap Apartments for Rent in Springfield, MN from $300 (81 Rentals)
Search the lowest-cost Apartments available for rent right now in Springfield.


512 Vernon Ave

501 W 1st St S

RC Square Apartments

Eytcheson Estates Welcome

Eytcheson Estates Sherburn

1212 Heckman Ct

Suite Liv'n - Marshall

Midway Apartments

Key City Group, LLC (BT)
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.

Hartshorn Manor

131 W 11th St

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Highland Hills Apartments

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Red Skye Lofts

Glenwood Terrace

Ashley Estates

Valley View Apartments

219 6th St SW

Circle Pines Apartments

Trimont Square Apartments
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.

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The Grove at Mankato

Windom Landing

Henry Hill Apartments

Highland Apartments

Stone Meadow Apartments

Commerce Apartments

Wolverine Meadows

Sleepy Eye Apartments Homes

Southwood Flats

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Village Court Apartments
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.

Nexus Apartments

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Hoover Estates

Cherry Square

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The Edge Apartments

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Block 100 Apartments

Huntington Hills Apartments & Townhomes

520 6th St

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River Bluff Apartments

Riverfront Court

Skyway Properties LLC
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.

Traverse Green

Paris Park Townhomes

Sunrise Manor

Lyon County Apartments

Fairview Apartments

Lewis Lofts

Westside Apartments

River Ridge Apartments

Southview Apartments

Erickson Meadowview Apartments
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.
Springfield, MN Local Guide

How much does it cost to rent an apartment in Springfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Springfield Studio Apartments | $910 | $750 | $1,150 |
| Springfield 1 Bedroom Apartments | $1,201 | $595 | $2,155 |
| Springfield 2 Bedroom Apartments | $1,304 | $625 | $2,150 |
| Springfield 3 Bedroom Apartments | $1,553 | $1,150 | $2,660 |
| Springfield 4 Bedroom Apartments | $1,131 | $975 | $1,980 |
Browse Top Apartments in Springfield
See all Apartments in SpringfieldExplore Springfield
Springfield, MN Local Guide
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Cheapest Available Springfield Apartments for Rent and Nearby
 The cheapest available apartment rental in Springfield, MN is a 1 Bed unit found at 512 Vernon Ave priced from $595. 501 W 1st St S has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Springfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 512 Vernon Ave | One Bedroom | 1BR,1BA | $595 |
| 501 W 1st St S | 2 BED/1 BATH | 2BR,1BA | $600 |
| Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $701 |
| Eytcheson Estates Welcome | 1 Bedroom | 2BR,1BA | $701 |
| Bethel On Bryant | Renville - 1/1 | 1BR,1BA | $745 |
| 1212 Heckman Ct | Studio | Studio,1BA | $750 |
| Suite Liv'n - Marshall | One Bedroom | 1BR,1BA | $775 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $795 |
| Midway Apartments | 1 Bed, 1 bath | 1BR,1BA | $825 |
| Key City Group, LLC (BT) | 1BR/1.0BA | 1BR,1BA | $835 |
Best Value Apartments for Rent in Springfield, MN and Nearby
As of August 04, 2026 the best value apartment in the Springfield area is the $0.85 price per square foot Two Bedroom, Handicap Model at Paris Park Townhomes in the in the Downtown Marshall neighborhood starting from $1,180. The second greatest value Springfield apartment is the 2BR/2.0BA Model at Windom Landing starting at $975 with a $0.84 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. |
|---|---|---|---|
| Paris Park Townhomes | Two Bedroom, Handicap | 2BR,1.5BA | $0.85 |
| Windom Landing | 2BR/2.0BA | 2BR,2BA | $0.84 |
| 1212 Heckman Ct | Studio | Studio ,1BA | $0.83 |
| Trimont Square Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.04 |
| 512 Vernon Ave | Two Bedroom | 2BR,1BA | $0.87 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $0.99 |
| Bethel On Bryant | Renville - 1/1 | 1BR,1BA | $0.96 |
| Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $0.93 |
| Eytcheson Estates Welcome | 1 Bedroom | 2BR,1BA | $0.93 |
| 501 W 1st St S | 1 BED/1 BATH | 1BR,1BA | $0.84 |
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 ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Springfield, MN Rentals by Map
See the most popular apartments and homes in Springfield, MN
Frequently Asked Questions about Cheap Springfield Apartments
What is the Cheapest Studio apartment in Springfield?
Currently the most affordable Cheap Studio Apartment in Springfield is at 1212 Heckman Ct listed at $750.
How much is rent for a Cheap One Bedroom Springfield Apartment?
The lowest price for a Cheap One Bedroom Springfield Apartment is $595 at 512 Vernon Ave.
What is the lowest price for a Cheap Two Bedroom Springfield Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Springfield is starting from $600 at 501 W 1st St S.
What is the most affordable Springfield Three Bedroom Apartment?
The best deal on a cheap Springfield Three Bedroom Apartment rental is at Suite Liv'n - Marshall and starts from $1,150.
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.

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.

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.