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$615 - $1,005Studio to 2 Bedroom Apartments Available Now
Cresco
310 N Jefferson AveSpringfield, MO 65806
Cheap Apartments for Rent in the Downtown Springfield Neighborhood of Springfield, MO from $400 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Springfield area of Springfield.
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$6991 Bedroom Apartments Contact Us For Availability
Embassy Apartments
927-937 E Elm StSpringfield, MO 65806
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$799 - $1,999Studio to 3 Bedroom Apartments Available Now
SoEl District Lofts
430 E Elm StSpringfield, MO 65806
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$840 - $1,315Studio to 3 Bedroom Apartments Contact Us For Availability
Wilhoit Plaza Lofts
431 S Jefferson AveSpringfield, MO 65806
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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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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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Downtown Springfield, Springfield, MO Local Guide
How much does it cost to rent an apartment in Downtown Springfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Springfield Studio Apartments | $816 | $660 | $1,109 |
| Downtown Springfield 1 Bedroom Apartments | $1,158 | $699 | $3,000 |
| Downtown Springfield 2 Bedroom Apartments | $1,325 | $575 | $5,043 |
| Downtown Springfield 3 Bedroom Apartments | $1,166 | $550 | $2,025 |
| Downtown Springfield 4 Bedroom Apartments | $1,095 | $499 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Downtown Springfield Neighborhood of Springfield, MO.
See all Apartments in SpringfieldExplore Springfield
Downtown Springfield, Springfield, MO Local Guide
- Nearby Springfield neighborhoods
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Cheapest Available Downtown Springfield Apartments for Rent
The cheapest available apartment rental in the Downtown Springfield 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 Downtown Springfield apartments for rent in Springfield, MO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The U at Park East | 4BR/4BA - The Drake | 4BR,4BA | $499 |
| Cresco | 2BR/2BA - Glass | 2BR,2BA | $615 |
| The Sterling | Studio - The Angelina | Studio,1BA | $660 |
| Sky Eleven | 1BR/1BA - Hunt | 1BR,1BA | $819 |
| Pinnacle on the Park | 1x1 | 1BR,1BA | $866 |
Best Value Apartments for Rent in Downtown Springfield, MO
As of December 10, 2025 the best value apartment in the Downtown Springfield area is the $1.13 price per square foot 3 Bedroom Model at Artifacts Warehouse Lofts in the in the Central neighborhood starting from $1,470. The second greatest value Downtown Springfield apartment is the 2 BEDROOM, 2 BATH Model at The 505 (MO) starting at $740 with a $0.74 price per square foot in the Central neighborhood. Here is today’s list of the best values for Downtown Springfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Artifacts Warehouse Lofts | 3 Bedroom | 3BR,2BA | $1.13 |
| The 505 (MO) | 2 BEDROOM, 2 BATH | 2BR,2BA | $0.74 |
| SoEl District Lofts | 2 Bed/1.5 Bath with Loft/DELUXE | 2BR,1.5BA | $2.39 |
| Heer's Luxury Living Lofts | 1 Bedroom A | 1BR,1BA | $1.35 |
| 400 Place | 1 Bedroom | 1BR,1BA | $1.27 |
| Sky Eleven | 1BR/1BA - Hunt | 1BR,1BA | $1.33 |
| Pinnacle on the Park | 1x1 | 1BR,1BA | $1.59 |
| The U at Park East | 1BR/1BA - The Terrazo | 1BR,1BA | $1.58 |
| Cresco | Studio - Goodman | Studio ,1BA | $1.80 |
| The Sterling | Studio - The Reppio | Studio ,1BA | $2.34 |
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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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 LifestyleDowntown Springfield, Springfield, MO
Ranked #34
Among cities in Missouri for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Downtown Springfield Neighborhood in Springfield, MO
Walk Score®
90 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
84 / 100
Very Bikeable
Biking is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Springfield Apartments
What is a cheap apartment in Downtown Springfield?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Springfield is under $1,499.
What is the price of a cheap apartment in Downtown Springfield?
The cheapest apartment in Downtown Springfield is Cresco which is listed at $799, while the average apartment in Downtown Springfield costs $1,200.
What types of apartments are the cheapest in Downtown Springfield?
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 49 regular apartments in Downtown Springfield 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 Downtown Springfield?
Cheap apartments in Downtown Springfield have an average cost of $571 which is $629 cheaper than the average rent for all rentals in Downtown Springfield.
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
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.