Cheap Apartments for Rent in Springfield, MO from $300 (232 Rentals)

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

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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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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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.

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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.

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Sherwood Village Apartments
Rent Specials
$748 - $1,509
Total Monthly Price

Total Monthly Price

Base Rent
$643 - $1,404
Required Monthly Fees
$105
Total Monthly Price
$748 - $1,509
Studio to 3 Bedroom Apartments Available Now

Sherwood Village Apartments

1634 S Marion AveSpringfield, MO 65807
Affordability
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  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Springfield, MO Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Springfield, MO

Pricing Updated: 03/21/2026

Current apartment rentals in the Springfield, MO area range in price from $505 to $5,505 with an overall median price of $1,898. The three Springfield neighborhoods with the lowest median rent pricing are Parkwood Survival at $505, Sherman Avenue at $550, and Kingsbury Forest at $595. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Springfield Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Parkwood Survival$945$50595
Sherman Avenue$945$55063
Kingsbury Forest$1,015$59551
Downtown Springfield$1,025$55068
Webster Park Shady Dell$1,401$505147
Cooper Estates$1,425$50542
Sherman Ave Project Area$1,509$550168
Chesterfield Village$1,535$64588
Golden Pond$1,535$64588
Parkwest Village$1,535$64593

Cheapest Available Springfield Apartments for Rent

 

The cheapest available apartment rental in Springfield, MO is a 2 Beds unit found at North Terrace Apartments in the Northeast neighborhood priced from $575. Oak Place in the Northeast neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Springfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North Terrace Apartments2 x 1 Small2BR,1BA$575
Oak Place1 bedroom1BR,1BA$600
Forest Cove Apartments2x1 - Forest Cove2BR,1BA$625
The U at Park East3BR/3BA - The Andres3BR,3BA$625
Eastview ApartmentsStudioStudio,1BA$650
Cresco2BR/2BA - Glass2BR,2BA$655
Grandview Village1 bedroom1BR,1BA$675
Northgate ApartmentsStudioStudio,1BA$685
Seminole1 Bedroom, 1 Bath1BR,1BA$690
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR,1BA$695

Best Value Apartments for Rent in Springfield, MO

As of March 21, 2026 the best value apartment in the Springfield area is the $0.75 price per square foot A Model at Vintage Park in the starting from $1,200. The second greatest value Springfield apartment is the Two Bedroom, Two Bathroom Model at Embassy Ozark starting at $900 with a $0.78 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.
Vintage ParkA2BR,1.5BA$0.75
Embassy OzarkTwo Bedroom, Two Bathroom2BR,2BA$0.78
Townhomes at Quail Ridge2 Bedroom Townhome2BR,1.5BA$0.86
Ozark Mountain Crossing ApartmentsOzark 2 Bed/2 Bath Apartment Available!2BR,2BA$0.88
Hillcrest 902 Bedroom2BR,1BA$0.86
Village Club2 Bedroom, 1 Bathroom2BR,1BA$0.81
Village Club NorthGlen Isle 2 Bedroom, 1 Bathroom2BR,1BA$0.84
Aspen Heights Springfield2x2 Frisco A/B2BR,2BA$0.91
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR,1BA$0.86
North Terrace Apartments2 x 1 Small2BR,1BA$0.73

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Springfield Overview

Springfield is the third largest city in Missouri. It is a commercial center and acts as the gateway to the Ozark Mountains. It is an important agricultural center that has been rapidly growing and strengthening the national economy over the years. Located on the Ozark plateau, it has a flat and gentle rolling terrain with areas of farmland and deciduous forest. A wide variety of Springfield apartments found all over the city make living here fantastic.

Why live in Springfield, MO?

Living in Springfield is easy since it has all one would need. It has a growing job market with 8.5% workforce growth in the last four years, making it the best place to fast-track your career. With Springfield Apartments costing 25% less than the national average, you can easily afford the home you have always wanted. Commuting is easy with less than 20 minutes average for you to get to your destination, and the vibrancy as well as friendliness of Springfield residents is incomparable. It is the ultimate place for those who love the outdoors with verdant woodlands, pristine lakes, and sparkling streams, making it perfect for outdoor adventures.

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

Explore Springfield, MO Rentals by Map

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Frequently Asked Questions about Cheap Springfield Apartments

What is a cheap apartment in Springfield?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Springfield is under $695.

What is the price of a cheap apartment in Springfield?

The cheapest apartment in Springfield is Oak Place which is listed at $600, while the average apartment in Springfield costs $1,898.

What types of apartments are the cheapest in Springfield?

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 1,721 regular apartments in Springfield 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 Springfield?

Cheap apartments in Springfield have an average cost of $479 which is $1,419 cheaper than the average rent for all rentals in Springfield.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.