
Cheap Apartments for Rent in the Downtown Springfield Neighborhood of Springfield, MO from $500 (15 Rentals)
Cheap Apartments in the Downtown Springfield area of Springfield.


Park East - Cresco

Artifacts Warehouse Lofts

Embassy Apartments

SoEl District Lofts

400 Place

Heers's Luxury Living Lofts
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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 | $983 | $799 | $1,118 |
Downtown Springfield 1 Bedroom Apartments | $941 | $660 | $2,065 |
Downtown Springfield 2 Bedroom Apartments | $1,102 | $629 | $3,000 |
Downtown Springfield 3 Bedroom Apartments | $1,361 | $550 | $2,085 |
Downtown Springfield 4 Bedroom Apartments | $1,000 | $575 | $2,580 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Springfield Neighborhood of Springfield, MO.
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Downtown Springfield, Springfield, MO Local Guide
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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 Park East - The U priced from $575. Park East - Cresco has the second lowest priced unit, which is a 2 Beds apartment currently listed from $655. Here are the most affordable Downtown Springfield apartments for rent in Springfield, MO:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Park East - The U | The Drake | 4BR,4BA | $575 |
Park East - Cresco | Glass | 2BR,2BA | $655 |
Park East - The Sterling | The Miller | 1BR,1BA | $699 |
Embassy Apartments | Embassy Apartments - Close to MSU, Downtown Spf... | 2BR,1BA | $775 |
Park East - Sky Eleven | Hunt | 1BR,1BA | $799 |
Best Value Apartments for Rent in Downtown Springfield, MO
As of May 07, 2025 the best value apartment in the Downtown Springfield area is the $1.19 price per square foot Penthouse Model at 400 Place in the in the Central neighborhood starting from $3,000. The second greatest value Downtown Springfield apartment is the 3 Bed 2 Bath Model at Parkway Townhouses starting at $1,595 with a $1.18 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. |
---|---|---|---|
400 Place | Penthouse | 2BR,1BA | $1.19 |
Parkway Townhouses | 3 Bed 2 Bath | 3BR,2BA | $1.18 |
Wilhoit Plaza Lofts | 3 Bedroom 2 Bath | 3BR,2BA | $0.92 |
Embassy Apartments | Embassy Apartments - Close to MSU, Downtown Spf... | 2BR,1BA | $0.87 |
Aspen Heights Springfield | 2x2 Frisco A/B | 2BR,2BA | $0.92 |
Heers's Luxury Living Lofts | 1 Bedroom B | 1BR,1BA | $1.44 |
Artifacts Warehouse Lofts | 1 Bedroom | 1BR,1BA | $0.98 |
Elevate Student Living - Deep Elm | D1 | 2BR,2BA | $0.97 |
Park East - Sky Eleven | Hunt | 1BR,1BA | $1.30 |
Park East - The U | The Terrazo | 1BR,1BA | $1.74 |
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Pet Friendly LifestyleDowntown Springfield, Springfield, MO
Ranked #24
Among neighborhoods in Springfield, MO 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 $1,234.
What is the price of a cheap apartment in Downtown Springfield?
The cheapest apartment in Downtown Springfield is Park East - The Sterling which is listed at $699, while the average apartment in Downtown Springfield costs $1,590.
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 77 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 $585 which is $1,005 cheaper than the average rent for all rentals in Downtown Springfield.
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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
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