Cheap Apartments for Rent in the Central Neighborhood of Springfield, MO from $400 (58 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

505 W Grand St

SpringfieldMO65806

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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property at 512 S Main Ave

512 S Main Ave

SpringfieldMO65806
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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

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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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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Stove Works Lofts
Studio to 1 Bedroom Apartments

Stove Works Lofts

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

Walnut Apartments

700-720 E Walnut StSpringfield, MO 65806
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Windsor Court Plaza
1 to 2 Bedroom Apartments

Windsor Court Plaza

920 S Campbell AveSpringfield, 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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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 1 Bed unit found at Markwood priced from $500. El Madrid has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Central apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$500
El MadridEl Madrid StudioStudio,1BA$675
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR,1BA$695
TimbersTimbers 1 Bedroom, 1 Bathroom1BR,1BA$695
Embassy Apartments1 Bed/1 Bath! Embassy Apartments - Close to MS...1BR,1BA$699
True North2 Beds, 1.5 Baths2BR,1BA$750
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$775
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$795
Campus CourtCampus Court 2 Bedroom, 1 Bath Townhome2BR,1BA$795
SoEl District LoftsStudio/1 Bath/Floorplan BStudio,1BA$799

Best Value Apartments for Rent in Central, MO

As of October 29, 2025 the best value apartment in the Central area is the $1.03 price per square foot 3 Bedroom/3 Bath, June 1 Model at Bear Place in the in the Central neighborhood starting from $1,545. The second greatest value Central apartment is the Campus Court 2 Bedroom, 1 Bath Townhome Model at Campus Court starting at $795 with a $0.72 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 Bedroom/3 Bath, June 13BR,3BA$1.03
Campus CourtCampus Court 2 Bedroom, 1 Bath Townhome2BR,1BA$0.72
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.74
Wilhoit Plaza LoftsStudioStudio ,1BA$0.90
Aspen Heights Springfield2x2 Frisco A/B2BR,2BA$0.91
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$1.03
Embassy Apartments1 Bed/1 Bath! Embassy Apartments - Close to MS...1BR,1BA$1.04
Bear Paw Commons2x12BR,1BA$1.02

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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 #15

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 $799.

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 $3,125.

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 20 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 $310 which is $2,815 cheaper than the average rent for all rentals in Central.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.