Cheap Apartments for Rent in the Central Neighborhood of Springfield, MO from $300 (59 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central area of 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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Franciscan Villa
Studio to 2 Bedroom Apartments

Franciscan Villa

620 W Scott StSpringfield, MO 65802
Senior Living
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638 S Campbell Ave
1 to 2 Bedroom Apartments

638 S Campbell Ave

638 S Campbell AveSpringfield, MO 65806
  • Utilities Included

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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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
  • Utilities Included
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Alexandria Apartments
1 to 2 Bedroom Apartments

Alexandria Apartments

1230 E McDaniel StSpringfield, MO 65802
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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
  • Utilities Included

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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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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Bear Garden Apartments
Studio to 4 Bedroom Apartments

Bear Garden Apartments

1010 E Elm StSpringfield, MO 65806
Student Housing
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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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True North
1 to 2 Bedroom Apartments

True North

865 S Douglas AveSpringfield, MO 65806
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H & T Apartments
Studio to 2 Bedroom Apartments

H & T Apartments

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

711 N Weaver Ave

711 N Weaver AveSpringfield, MO 65802
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The Bay
Studio to 3 Bedroom Apartments

The Bay

627 E Bear BlvdSpringfield, MO 65806
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Cherry Plaza
2 Bedroom Apartments

Cherry Plaza

1210 E Cherry StSpringfield, MO 65802

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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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 Aspen Springfield priced from $599. The U at Park East has the second lowest priced unit, which is a 3 Beds apartment currently listed from $625. Here are the most affordable Central apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
Aspen Springfield4 Bedroom - Boulder A4BR,4BA$599
The U at Park East3BR/3BA - The Andres3BR,3BA$625
Cresco2BR/2BA - Glass2BR,2BA$655
True North2 Beds, 1.5 Baths2BR,1BA$750
The SterlingStudio - The MillerStudio,1BA$755
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$800
308 Madison2/12BR,1BA$825
El MadridEl Madrid 2 Bedroom, 1 Bathroom2BR,1BA$850
Pinnacle on the Park1x11BR,1BA$866
Regency Tower1 Bedroom A1BR,1BA$880

Best Value Apartments for Rent in Central, MO

As of April 28, 2026 the best value apartment in the Central area is the $1.11 price per square foot Tower A, August 1st Model at Bears Tower in the in the Central neighborhood starting from $2,000. The second greatest value Central apartment is the C - 4 Bed/4 Bath July 1st Model at Walnut Home - Behind Greek Row! starting at $1,980 with a $1.10 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.
Bears TowerTower A, August 1st4BR,4BA$1.11
Walnut Home - Behind Greek Row!C - 4 Bed/4 Bath July 1st4BR,4BA$1.10
Parkway Townhouses3 Bed 2 Bath3BR,2BA$1.18
Regency Tower2 Bedroom2BR,2BA$1.10
308 Madison2/12BR,1BA$0.87
1420 E Cherry St, Unit CH 41420 E Cherry St1BR,1BA$1.20
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$1.07
400 Place1 Bedroom1BR,1BA$1.27
Bear Paw Commons2x12BR,1BA$1.07
Bear VillageFour Bedroom4BR,4BA$1.16

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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Pet Friendly Lifestyle
Central, Springfield, MO

Ranked #18

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 $880.

What is the price of a cheap apartment in Central?

The cheapest apartment in Central is Pinnacle on the Park which is listed at $866, while the average apartment in Central costs $2,000.

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 83 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 $601 which is $1,399 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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.