Cheap Apartments for Rent in Springfield, MN from $300 (92 Rentals)

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

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Highland Hills Apartments
Rent Specials
$750 - $1,980
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750 - $1,980
Total Monthly Price
$750 - $1,980
Studio to 5 Bedroom Apartments Available Now

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Red Skye Lofts
$860 - $2,660
Total Monthly Price

Total Monthly Price

Base Rent
$800 - $2,600
Required Monthly Fees
$60
Total Monthly Price
$860 - $2,660
1 to 3 Bedroom Apartments Available Now

Red Skye Lofts

100 Fallwood RdRedwood Falls, MN 56283
Furnished
  • Verified
  • Utilities Included
  • Smoke Free

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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The Grove at Mankato
$970 - $1,829
Total Monthly Price11 Month Lease Term

Total Monthly Price

Base Rent
$940 - $1,799
Required Monthly Fees
$30
Total Monthly Price
$970 - $1,829
1 to 3 Bedroom Apartments Available Now

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Hoover Estates
$1,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$15
Total Monthly Price
$1,065
2 Bedroom Apartments Available Now

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
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  • Utilities Included
  • 3D Tour
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The Edge Apartments
Rent Specials
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,300
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Edge Apartments

1902 Warren StMankato, MN 56001
Outdoors
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  • Customer Reviewed
  • Utilities Included
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River Bluff Apartments
Rent Specials
$1,100 - $1,530
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,070 - $1,500
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Family Friendly
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  • Customer Reviewed
  • 3D Tour

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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Legacy Park Estates
Rent Specials
$1,214 - $1,689
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $1,650
Required Monthly Fees
$39
Total Monthly Price
$1,214 - $1,689
1 to 3 Bedroom Apartments Available Jul 1

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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Axis Lofts
$1,370 - $1,820
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,745
Required Monthly Fees
$75
Total Monthly Price
$1,370 - $1,820
1 Bedroom Apartments Available Aug 1

Axis Lofts

1247 Range StMankato, MN 56001
Furnished
  • Verified
  • Utilities Included
  • 3D Tour
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Sunrise Manor
2 to 3 Bedroom Apartments

Sunrise Manor

500 Remmele St SWSleepy Eye, MN 56085
  • Utilities Included
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Lyon County Apartments
Studio to 1 Bedroom Apartments

Lyon County Apartments

200 S 4th StMarshall, MN 56258
Senior Living
  • Utilities Included
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Fairview Apartments
1 to 2 Bedroom Apartments

Fairview Apartments

11 Park St NFairfax, MN 55332
Senior Living
  • Utilities Included

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.

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Springfield, MN Local Guide

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 ListingModel NameBed/BathPriced From
512 Vernon AveOne Bedroom1BR,1BA$595
501 W 1st St S2 BED/1 BATH2BR,1BA$600
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701
Eytcheson Estates Welcome1 Bedroom2BR,1BA$701
Bethel On BryantRenville - 1/11BR,1BA$745
1212 Heckman CtStudioStudio,1BA$750
Suite Liv'n - MarshallOne Bedroom1BR,1BA$775
Downtown Estates1 Bed, 1 bath1BR,1BA$795
Parkview Apartments1 Bed, 1 bath1BR,1BA$795
442 Belgrade AveOne Bedroom1BR,1BA$835

Best Value Apartments for Rent in Springfield, MN and Nearby

As of June 19, 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 Three Bedroom Model at Eagle Ridge Townhomes starting at $1,065 with a $0.79 price per square foot . Here is today’s list of the best values for Springfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Paris Park TownhomesTwo Bedroom, Handicap2BR,1.5BA$0.85
Eagle Ridge TownhomesThree Bedroom3BR,1.5BA$0.79
Windom Landing2 Bedroom - Upper Level2BR,2BA$0.84
Parkview Apartments2 Beds, 1 bath2BR,1BA$0.80
1212 Heckman CtStudioStudio ,1BA$0.83
512 Vernon AveTwo Bedroom2BR,1BA$0.87
Bethel On BryantRenville - 1/11BR,1BA$0.96
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93
501 W 1st St S1 BED/1 BATH1BR,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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Springfield, MN Rentals by Map

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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 Eagle Ridge Townhomes and starts from $1,065.

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

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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.

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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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.