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$655 - $1,025Studio 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 $500 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Springfield area of Springfield.
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Rent Specials
$840 - $1,350Studio to 3 Bedroom Apartments Available Now
Wilhoit Plaza Lofts
431 S Jefferson AveSpringfield, MO 65806
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1 to 2 Bedroom Apartments
Lumen
728 E Walnut StSpringfield, MO 65806
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1 to 2 Bedroom Apartments
The Courtyard on Walnut
926 E Walnut StSpringfield, MO 65806
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1 to 2 Bedroom Apartments
Walnut Apartments
700-720 E Walnut StSpringfield, MO 65806
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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Studio to 1 Bedroom Apartments
Stove Works Lofts
505 N Jefferson AveSpringfield, MO 65806
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Studio to 3 Bedroom Apartments
Embassy Apartments
927-937 E Elm StSpringfield, MO 65806
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Studio to 3 Bedroom Apartments
Founders Park Lofts
331 E Water StSpringfield, MO 65806
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1 to 2 Bedroom Apartments
Pinnacle on the Park
525 S Campbell AveSpringfield, MO 65806
431 W Walnut St
SpringfieldMO65806
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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Studio to 2 Bedroom Apartments
Brewery District Flats
535 W Walnut StSpringfield, MO 65806
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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 | $872 | $755 | $1,090 |
| Downtown Springfield 1 Bedroom Apartments | $1,120 | $889 | $3,000 |
| Downtown Springfield 2 Bedroom Apartments | $1,097 | $615 | $3,768 |
| Downtown Springfield 3 Bedroom Apartments | $876 | $609 | $2,075 |
| Downtown Springfield 4 Bedroom Apartments | $798 | $550 | $2,410 |
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.
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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 3 Beds unit found at The U at Park East priced from $625. 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 |
|---|---|---|---|
| The U at Park East | 3BR/3BA - The Andres | 3BR,3BA | $625 |
| Cresco | 2BR/2BA - Glass | 2BR,2BA | $655 |
| The Sterling | Studio - The Miller | Studio,1BA | $755 |
| Pinnacle on the Park | 1x1 | 1BR,1BA | $866 |
| Sky Eleven | 1BR/1BA - Hunt | 1BR,1BA | $889 |
Best Value Apartments for Rent in Downtown Springfield, MO
As of March 11, 2026 the best value apartment in the Downtown Springfield area is the $2.15 price per square foot 2 Bed/1.5 Bath with Loft/DELUXE Model at SoEl District Lofts in the in the Central neighborhood starting from $1,799. The second greatest value Downtown Springfield apartment is the 1 Bedroom A Model at Heer's Luxury Living Lofts starting at $1,156 with a $1.47 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. |
|---|---|---|---|
| SoEl District Lofts | 2 Bed/1.5 Bath with Loft/DELUXE | 2BR,1.5BA | $2.15 |
| Heer's Luxury Living Lofts | 1 Bedroom A | 1BR,1BA | $1.47 |
| 400 Place | 1 Bedroom | 1BR,1BA | $1.27 |
| Wilhoit Plaza Lofts | 1 Bedroom | 1BR,1BA | $1.57 |
| The 505 (MO) | STUDIO | Studio ,1BA | $1.74 |
| Sky Eleven | 1BR/1BA - Hunt | 1BR,1BA | $1.45 |
| Pinnacle on the Park | 1x1 | 1BR,1BA | $1.57 |
| The U at Park East | 1BR/1BA - The Terrazo | 1BR,1BA | $1.82 |
| Cresco | Studio - Goodman | Studio ,1BA | $1.98 |
| The Sterling | Studio - The Reppio | Studio ,1BA | $2.53 |
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 $1,171.
What is the price of a cheap apartment in Downtown Springfield?
The cheapest apartment in Downtown Springfield is Pinnacle on the Park which is listed at $866, while the average apartment in Downtown Springfield costs $950.
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 56 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 $717 which is $233 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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.