Cheap Apartments for Rent in the Central Neighborhood of Springfield, MO from $390 (86 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central area of 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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property at 1073 S Grant Ave
$868 - $1,067
Studio To 1 Bedroom Rentals
Available Now
Affordability

1073 S Grant Ave

SpringfieldMO65807

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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SoEl District Lofts
$929 - $2,029

Total Monthly Price

Base Rent$929 - $2,029
Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Sep 14

SoEl District Lofts

430 E Elm StSpringfield, MO 65806
Student Housing
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  • Utilities Included
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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

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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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 $550. The U at Park East has the second lowest priced unit, which is a 4 Beds apartment currently listed from $630. Here are the most affordable Central apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$550
The U at Park East4BR/4BA - The Drake4BR,4BA$630
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$725
TimbersTimbers 1 Bedroom, 1 Bathroom1BR,1BA$725
El MadridEl Madrid 1 Bedroom, 1 Bathroom1BR,1BA$725
845 S Market Ave, Springfield MO0BR/1.0BAStudio,1BA$750
Bear Garden Apartments1 bed, 1 bath Premium1BR,1BA$770
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$800
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$825
Southwinds ApartmentsSouthwinds 2 Bedroom, 2 Bathroom2BR,2BA$825

Best Value Apartments for Rent in Central, MO

As of September 11, 2026 the best value apartment in the Central area is the $0.80 price per square foot 4BR/2.0BA Model at Palace Hotel Lofts in the in the Central neighborhood starting from $1,750. The second greatest value Central apartment is the C2 | Three Bedroom Model at Vue on Walnut | Student Housing starting at $839 with a $0.61 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.
Palace Hotel Lofts4BR/2.0BA4BR,2BA$0.80
Vue on Walnut | Student HousingC2 | Three Bedroom3BR,3BA$0.61
Campus CourtCampus Court 2 Bedroom, 1 Bath Townhome2BR,1BA$0.77
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.71
1242 E Cherry St2 Beds, 1.5 Baths2BR,1.5BA$0.98
Southwinds ApartmentsSouthwinds 2 Bedroom, 2 Bathroom2BR,2BA$0.86
TSHTSH 2 Bedroom, 2 Bathroom2BR,2BA$0.89
Sky Eleven2BR/2BA - Gillioz2BR,2BA$0.90
The U at Park East2BR/2BA - The Sixty-One2BR,2BA$0.92
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$0.95

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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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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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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Pet Friendly Lifestyle
Central, Springfield, MO

Ranked #17

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

Pet Friendliness Lifestyle Score

4.0
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 $825.

What is the price of a cheap apartment in Central?

The cheapest apartment in Central is Markwood which is listed at $550, while the average apartment in Central costs $945.

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 $643 which is $302 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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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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.