Cheap Apartments for Rent in Springfield, MO from $300 (258 Rentals)

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

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.

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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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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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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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Springfield, MO Local Guide

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Cheapest Neighborhoods for Apartments in Springfield, MO

Pricing Updated: 08/03/2026

Current apartment rentals in the Springfield, MO area range in price from $505 to $10,118 with an overall median price of $1,003. The three Springfield neighborhoods with the lowest median rent pricing are Parkwood Survival at $895, Sherman Avenue at $895, and Woodland Heights 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
Parkwood Survival$895$50567
Sherman Avenue$895$55045
Woodland Heights$895$505113
Outer North Springfield$900$50564
Webster Park Shady Dell$912$505101
Kingsbury Forest$915$59531
Rountree$915$53555
Weller$915$505141
Grant Beach$930$535139
Walnut Street$930$53523

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. Eastview Apartments in the Southeast Springfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $650. 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
Eastview ApartmentsStudioStudio,1BA$650
Oakwood Townhomes1 Bedroom, 1 Bathroom Apartment1BR,1BA$700
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$725
TimbersTimbers 1 Bedroom, 1 Bathroom1BR,1BA$725
MarkwoodMarkwood 2 Bedroom, 1.5 Bathroom2BR,1BA$750
Fairway1 Bedroom1BR,1BA$750
Chace Place1 Bedroom1BR,1BA$750
The Greens at SpringfieldClassic1BR,1BA$755
Bear Garden Apartments1 bed, 1 bath Premium1BR,1BA$770

Best Value Apartments for Rent in Springfield, MO

As of August 03, 2026 the best value apartment in the Springfield area is the $0.72 price per square foot 225 E Blaine St Model at 225 E Blaine St, Unit Loft 200 in the in the Woodland Heights neighborhood starting from $1,950. The second greatest value Springfield apartment is the 1802-1804 N Laurel Hill Pl Model at 1802-1804 N Laurel Hill Pl starting at $1,650 with a $0.88 price per square foot in the Christian County 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 St, Unit Loft 200225 E Blaine St3BR,2.5BA$0.72
1802-1804 N Laurel Hill Pl1802-1804 N Laurel Hill Pl3BR,2BA$0.88
Artifacts Warehouse3BR/2.0BA3BR,2BA$0.93
Vintage ParkA2BR,1.5BA$0.86
Vue on Walnut | Student HousingC2 | Three Bedroom3BR,3BA$0.61
Embassy OzarkThree Bedroom, Two Bathroom3BR,2BA$0.79
South Valley Apartments2 Bed 2 Bath2BR,2BA$0.92
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.71
Southwinds ApartmentsSouthwinds 2 Bedroom, 2 Bathroom2BR,2BA$0.86
North Terrace Apartments2 x 1 Small2BR,1BA$0.73

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 $770.

What is the price of a cheap apartment in Springfield?

The cheapest apartment in Springfield is Oakwood Townhomes which is listed at $700, while the average apartment in Springfield costs $1,003.

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 899 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 $662 which is $341 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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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.

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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.

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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.

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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.