Cheap Apartments for Rent in Springfield, MO from $300 (233 Rentals)

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

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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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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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Cheapest Neighborhoods for Apartments in Springfield, MO

Pricing Updated: 07/25/2025

Current apartment rentals in the Springfield, MO area range in price from $450 to $5,000 with an overall median price of $2,212. The three Springfield neighborhoods with the lowest median rent pricing are Northwest Springfield at $800, Walnut Street at $620, and Midtown Springfield at $895. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Springfield Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Northwest Springfield$899$8002
Walnut Street$1,000$6202
Midtown Springfield$1,175$8953
Southern Hills$1,295$8653
Northeast$1,299$6208
Fairfield Acres$1,395$4501
Downtown Springfield$1,995$8653
Sherman Avenue$2,100$70010
North Springfield$2,199$45038
Outer North Springfield$2,199$70025

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 $500. 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$500
North Terrace Apartments2 x 1 Small2BR,1BA$575
Village Club1 Bedroom, 1 Bathroom1BR,1BA$600
Oak Place1 bedroom1BR,1BA$625
Forest Cove Apartments2x1 - Forest Cove2BR,1BA$625
El MadridEl Madrid StudioStudio,1BA$675
Seminole North ApartmentsSeminole North 1 Bedroom, 1 Bathroom1BR,1BA$675
Rosewood Village1 Bedroom, 1 Bathroom1BR,1BA$685
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR,1BA$695
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$695

Best Value Apartments for Rent in Springfield, MO

As of July 25, 2025 the best value apartment in the Springfield area is the $0.91 price per square foot D Model at Vintage Park in the starting from $1,400. The second greatest value Springfield apartment is the Tower C, Aug 1st Model at Bears Tower starting at $1,100 with a $0.92 price per square foot in the Central 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.
Vintage ParkD2BR,2BA$0.91
Bears TowerTower C, Aug 1st2BR,2BA$0.92
Wilhoit Plaza Lofts3 Bedroom 2 Bath3BR,2BA$0.92
Aspen Heights Springfield3x3 Telluride A/B/C3BR,3BA$0.56
Ozark Mountain Crossing ApartmentsOzark 2 Bed/2 Bath Apartment Available!2BR,2BA$0.86
Embassy ApartmentsEmbassy Apartments - Close to MSU, Downtown Spf...2BR,1BA$0.87
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR,1BA$0.86
North Terrace Apartments2 x 1 Small2BR,1BA$0.73
Village Club1 Bedroom, 1 Bathroom1BR,1BA$0.80
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$0.87

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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Getting Around Springfield, MO

Walk Score®

47 / 100

Car-Dependent

Most errands require a car

Bike Score®

52 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 El Madrid listed at $675.

How much is rent for a Cheap One Bedroom Springfield Apartment?

The lowest price for a Cheap One Bedroom Springfield Apartment is $500 at Markwood.

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 $575 at North Terrace Apartments.

What is the most affordable Springfield Three Bedroom Apartment?

The best deal on a cheap Springfield Three Bedroom Apartment rental is at Wilhoit Plaza Lofts and starts from $1,100.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.