Cheap Apartments for Rent in Springfield, MO from $300 (249 Rentals)

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

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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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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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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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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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, MO Local Guide

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Cheapest Neighborhoods for Apartments in Springfield, MO

Pricing Updated: 06/19/2026

Current apartment rentals in the Springfield, MO area range in price from $505 to $9,895 with an overall median price of $1,932. The three Springfield neighborhoods with the lowest median rent pricing are Sherman Avenue at $550, Parkwood Survival at $505, and Downtown Springfield at $550. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Springfield Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Sherman Avenue$929$55070
Parkwood Survival$939$505112
Downtown Springfield$1,115$55050
Rountree$1,305$53582
Chesterfield Village$1,360$64589
Parkwest Village$1,377$64592
Golden Pond$1,395$64585
Webster Park Shady Dell$1,395$505149
Walnut Street$1,440$53527
Kingsbury Forest$1,450$59551

Cheapest Available Springfield Apartments for Rent

 

The cheapest available apartment rental in Springfield, MO is a 1 Bed unit found at Markwood in the Central neighborhood priced from $550. North Terrace Apartments in the Northeast neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $575. Here is today’s list of the most affordable Springfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$550
North Terrace Apartments2 x 1 Small2BR,1BA$575
Aspen Springfield4 Bedroom - Boulder A4BR,4BA$599
Oak Place1 bedroom1BR,1BA$600
The U at Park East3BR/3BA - The Andres3BR,3BA$625
Grandview Village1 bedroom1BR,1BA$675
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$725
Greenway StudiosStudioStudio,1BA$735
Eastview Apartments1 Bedroom1BR,1BA$740
Chace Place1 Bedroom1BR,1BA$750

Best Value Apartments for Rent in Springfield, MO

As of June 19, 2026 the best value apartment in the Springfield area is the $0.84 price per square foot 225 E Blaine Ln Model at 225 E Blaine Ln, Unit Loft 200 in the in the Outer Central Springfield neighborhood starting from $2,275. The second greatest value Springfield apartment is the 2 Bed, 1.5 Bath Model at Forest Park Townhomes starting at $1,325 with a $0.87 price per square foot in the Northwest neighborhood. 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.
225 E Blaine Ln, Unit Loft 200225 E Blaine Ln3BR,2.5BA$0.84
Forest Park Townhomes2 Bed, 1.5 Bath2BR,1.5BA$0.87
Vintage ParkB2BR,1BA$0.85
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.75
308 Madison2/12BR,1BA$0.87
Hillcrest 902 Bedroom2BR,1BA$0.86
712 Flats2 Beds, 1.5 Baths2BR,1.5BA$0.87
The U at Park East2BR/2BA - The Kirkenmeyer2BR,2BA$0.74
North Terrace Apartments2 x 1 Small2BR,1BA$0.73
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$0.89

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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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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See the most popular apartments and homes in Springfield, MO

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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 $750.

What is the price of a cheap apartment in Springfield?

The cheapest apartment in Springfield is Markwood which is listed at $550, while the average apartment in Springfield costs $1,932.

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 1,437 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 $611 which is $1,321 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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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.