Cheap Apartments for Rent in the Central Neighborhood of Springfield, MO from $400 (54 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central area of 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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property at 505 W Grand St

$895 - $1,395

Studio To 2 Bedroom Rentals

Available Now

505 W Grand St

SpringfieldMO65806

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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638 S Campbell Ave
1 to 2 Bedroom Apartments

638 S Campbell Ave

638 S Campbell AveSpringfield, MO 65806
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King's Apartments
Studio to 3 Bedroom Apartments

King's Apartments

945 E Elm StSpringfield, MO 65806
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Lumen
1 to 2 Bedroom Apartments

Lumen

728 E Walnut StSpringfield, MO 65806
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Jenny Lind Hall
1 Bedroom Apartments

Jenny Lind Hall

711 S Jefferson AveSpringfield, MO 65806
Senior Living
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Alexandria Apartments
1 to 2 Bedroom Apartments

Alexandria Apartments

1230 E McDaniel StSpringfield, MO 65802
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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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Stove Works Lofts
Studio to 1 Bedroom Apartments

Stove Works Lofts

505 N Jefferson AveSpringfield, MO 65806
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Walnut Apartments
1 to 2 Bedroom Apartments

Walnut Apartments

700-720 E Walnut StSpringfield, MO 65806
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The M @ 414
1 to 2 Bedroom Apartments

The M @ 414

414 E Monroe StSpringfield, MO 65806
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920 S Campbell Ave
1 to 2 Bedroom Apartments

920 S Campbell Ave

920 S Campbell AveSpringfield, MO 65806
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Embassy Apartments
Studio to 3 Bedroom Apartments

Embassy Apartments

927-937 E Elm StSpringfield, MO 65806
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Springfield Commons
Studio to 1 Bedroom Apartments

Springfield Commons

728 S Jefferson AveSpringfield, MO 65806
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Ambassador Apartments
Studio to 2 Bedroom Apartments

Ambassador Apartments

1235 Elm StSpringfield, MO 65802
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Founders Park Lofts
Studio to 3 Bedroom Apartments

Founders Park Lofts

331 E Water StSpringfield, MO 65806
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H & T Apartments
Studio to 2 Bedroom Apartments

H & T Apartments

1222 E Elm StSpringfield, MO 65802
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711 N Weaver Ave
2 Bedroom Apartments

711 N Weaver Ave

711 N Weaver AveSpringfield, MO 65802

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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Central, Springfield, MO Local Guide

Cheapest Available Central Apartments for Rent

 

The cheapest available apartment rental in the Central area of Springfield, MO is a 4 Beds unit found at The U at Park East priced from $499. Cresco has the second lowest priced unit, which is a 2 Beds apartment currently listed from $615. Here are the most affordable Central apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
The U at Park East4BR/4BA - The Drake4BR,4BA$499
Cresco2BR/2BA - Glass2BR,2BA$615
The SterlingStudio - The AngelinaStudio,1BA$660
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR,1BA$695
TimbersTimbers 1 Bedroom, 1 Bathroom1BR,1BA$695
True North2 Beds, 1.5 Baths2BR,1BA$750
Beartown FlatsUpgraded StudioStudio,1BA$765
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$795
TSHTSH 2 Bedroom, 2 Bathroom2BR,2BA$795
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$800

Best Value Apartments for Rent in Central, MO

As of January 27, 2026 the best value apartment in the Central area is the $1.07 price per square foot 3 bed 3 bath, August 1 Model at Bear Place in the in the Central neighborhood starting from $1,605. The second greatest value Central apartment is the 3 Bed 2 Bath Model at Parkway Townhouses starting at $1,595 with a $1.18 price per square foot in the Central neighborhood. Here is today’s list of the best values for Central apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bear Place3 bed 3 bath, August 13BR,3BA$1.07
Parkway Townhouses3 Bed 2 Bath3BR,2BA$1.18
Six23 Condos2 Bedroom 2 Bath2BR,2BA$1.08
Regency Tower2 Bedroom2BR,2BA$1.10
TSHTSH 2 Bedroom, 2 Bathroom2BR,2BA$0.85
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$0.95
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR,1BA$0.86
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$1.07
Bear Paw Commons2x12BR,1BA$1.07
Bear VillageFour Bedroom4BR,4BA$1.16

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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Pet Friendly Lifestyle
Central, Springfield, MO

Ranked #19

Among cities in Missouri for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Springfield. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, family-friendliness, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Central Apartments

What is a cheap apartment in Central?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central is under $800.

What is the price of a cheap apartment in Central?

The cheapest apartment in Central is Southwinds Apartments which is listed at $695, while the average apartment in Central costs $1,575.

What types of apartments are the cheapest in Central?

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 78 regular apartments in Central 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 Central?

Cheap apartments in Central have an average cost of $516 which is $1,059 cheaper than the average rent for all rentals in Central.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.