Cheap Apartments for Rent in the Central Neighborhood of Springfield, MO from $300 (61 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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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
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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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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

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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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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True North
1 to 2 Bedroom Apartments

True North

865 S Douglas 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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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
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Cherry Plaza
2 Bedroom Apartments

Cherry Plaza

1210 E Cherry StSpringfield, MO 65802

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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Showing Results 1-50, Page 1 of 2

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. El Chaparral Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Central apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$550
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$725
El MadridEl Madrid 1 Bedroom, 1 Bathroom1BR,1BA$725
Spirit of St. LouisStudio1BR,1BA$760
Bear Garden Apartments1 bed, 1 bath Premium1BR,1BA$770
East Manor ApartmentsEast Manor 1 Bedroom, 1 Bathroom1BR,1BA$775
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$800
308 Madison2/12BR,1BA$825
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$825
Pinnacle on the Park1x11BR,1BA$866

Best Value Apartments for Rent in Central, MO

As of July 27, 2026 the best value apartment in the Central area is the $0.93 price per square foot 3BR/2.0BA Model at Artifacts Warehouse in the in the Central neighborhood starting from $1,475. The second greatest value Central apartment is the 2 Bedroom Model at Regency Tower starting at $1,205 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.
Artifacts Warehouse3BR/2.0BA3BR,2BA$0.93
Regency Tower2 Bedroom2BR,2BA$1.10
Southwinds EastSouthwinds East 2 Bedroom, 1 Bath Townhome2BR,1BA$1.00
308 Madison2/12BR,1BA$0.87
Market StreetMarket Street 2 Bedroom, 2 Bathroom2BR,2BA$1.09
Vue on Walnut | Student HousingB1 | Two Bedroom2BR,2BA$0.94
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$0.98
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$1.07
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$0.98
Bear Paw Commons2x12BR,1BA$1.07

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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Pet Friendly Lifestyle
Central, Springfield, MO

Ranked #16

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 the Cheapest Studio apartment in Central?

Currently the most affordable Cheap Studio Apartment in Central is at Greenway Studios listed at $900.

How much is rent for a Cheap One Bedroom Central Apartment?

The lowest price for a Cheap One Bedroom Central Apartment is $550 at Markwood.

What is the lowest price for a Cheap Two Bedroom Central Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central is starting from $750 at Markwood.

What is the most affordable Central Three Bedroom Apartment?

The best deal on a cheap Central Three Bedroom Apartment rental is at Artifacts Warehouse and starts from $1,475.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.