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$6791 Bedroom Apartments Available Oct 15
421 E Cherry St, Unit 10
421 E Cherry StSpringfield, MO 65806
Cheap Apartments for Rent in the Downtown Springfield Neighborhood of Springfield, MO from $550 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Springfield area of Springfield.
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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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Rent Specials
$880 - $999Studio to 1 Bedroom Apartments Available Now
Cresco
310 N Jefferson AveSpringfield, MO 65806
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$895 - $9951 Bedroom Apartments Available Now
320 W Walnut St
320 W Walnut StSpringfield, MO 65806
527 E Walnut St
SpringfieldMO65806
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$929 - $2,029
Total Monthly Price
Base Rent$929 - $2,029
Total Monthly PriceVaries
SoEl District Lofts
430 E Elm StSpringfield, MO 65806
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Rent Specials
$950 - $3,0001 to 2 Bedroom Apartments Available Now
400 Place
400 E Walnut StSpringfield, MO 65806
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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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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Studio to 2 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
Walnut Apartments
700-720 E Walnut StSpringfield, MO 65806
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1 to 2 Bedroom Apartments
Pinnacle on the Park
525 S Campbell AveSpringfield, MO 65806
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Studio to 2 Bedroom Apartments
Brewery District Flats
535 W Walnut StSpringfield, MO 65806
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.
Showing Results 1-14, Page 1 of 1
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 | $922 | $840 | $1,078 |
| Downtown Springfield 1 Bedroom Apartments | $1,202 | $679 | $3,000 |
| Downtown Springfield 2 Bedroom Apartments | $1,399 | $630 | $4,084 |
| Downtown Springfield 3 Bedroom Apartments | $1,229 | $609 | $1,875 |
| Downtown Springfield 4 Bedroom Apartments | $1,754 | $550 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 14 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 4 Beds unit found at The U at Park East priced from $630. The Sterling has the second lowest priced unit, which is a Studio apartment currently listed from $835. 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 | $630 |
| The Sterling | Studio - The Sansone | Studio,1BA | $835 |
| Pinnacle on the Park | 1x1 | 1BR,1BA | $866 |
| Cresco | Studio - Hubble | Studio,1BA | $880 |
| 320 W Walnut St | Back Facing | 1BR,1BA | $895 |
Best Value Apartments for Rent in Downtown Springfield, MO
As of September 07, 2026 the best value apartment in the Downtown Springfield 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 Downtown Springfield 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 Downtown Springfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Palace Hotel Lofts | 4BR/2.0BA | 4BR,2BA | $0.80 |
| Vue on Walnut | Student Housing | C2 | Three Bedroom | 3BR,3BA | $0.61 |
| Artifacts Warehouse | 3BR/2.0BA | 3BR,2BA | $1.13 |
| Union Biscuit Warehouse, LLC | 2BR/2.0BA | 2BR,2BA | $1.51 |
| The 505 (MO) | 2 BEDROOM, 2 BATH | 2BR,2BA | $0.71 |
| Sky Eleven | 2BR/2BA - Gillioz | 2BR,2BA | $0.90 |
| 400 Place | 1 Bedroom | 1BR,1BA | $1.27 |
| The U at Park East | 2BR/2BA - The Sixty-One | 2BR,2BA | $0.92 |
| Pinnacle on the Park | 1x1 | 1BR,1BA | $1.57 |
| Cresco | Studio - Hubble | Studio ,1BA | $2.07 |
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 $1,750.
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 $995.
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 $942 which is $53 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
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.
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.
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.
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.