Cheap Homes for Rent in the Downtown Springfield Neighborhood of Springfield, MO from $1,195 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Springfield 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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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 ListingModel NameBed/BathPriced From
The U at Park East4BR/4BA - The Drake4BR,4BA$630
The SterlingStudio - The SansoneStudio,1BA$835
CrescoStudio - HubbleStudio,1BA$860

Best Value Apartments for Rent in Downtown Springfield, MO

As of August 27, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Palace Hotel Lofts4BR/2.0BA4BR,2BA$0.80
Vue on Walnut | Student HousingC2 | Three Bedroom3BR,3BA$0.61
Artifacts Warehouse3BR/2.0BA3BR,2BA$1.13
Stove Works Lofts2BR/1.0BA2BR,1BA$1.16
Union Biscuit Warehouse, LLC2BR/2.0BA2BR,2BA$1.51
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.71
Wilhoit Plaza Lofts2 Bedroom 2 Bath2BR,2BA$1.37
Sky Eleven2BR/2BA - Gillioz2BR,2BA$0.90
400 Place1 Bedroom1BR,1BA$1.27
The U at Park East2BR/2BA - The Sixty-One2BR,2BA$0.92

Frequently Asked Questions about Downtown Springfield

What type of rentals are currently available in Downtown Springfield?

There are currently 53 Apartments for Rent in Downtown Springfield, MO with pricing that ranges from $550 to $10,118. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Springfield ranging from $1,195 to $1,950.

What is the current price range for Rental Homes in Downtown Springfield?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Springfield ranges from $1,195 to $1,950 with an average monthly rent of $1,480.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

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.