Cheap Homes for Rent in Springfield, MO from $500 (67 Rentals)

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property at 1009 E Walnut St

1009 E Walnut St

SpringfieldMO65806

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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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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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Springfield, MO Local Guide

Cheapest Neighborhoods for Apartments in Springfield, MO

Pricing Updated: 10/13/2025

Current apartment rentals in the Springfield, MO area range in price from $500 to $4,149 with an overall median price of $2,044. The three Springfield neighborhoods with the lowest median rent pricing are Cinnamon Square at $565, Cooper Estates at $505, and Kingsbury Forest at $595. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Springfield Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Cinnamon Square$1,055$56556
Cooper Estates$1,055$50526
Kingsbury Forest$1,055$59548
Chesterfield Village$1,424$64567
Golden Pond$1,424$64567
Parkwest Village$1,505$50089
Southwest Springfield$1,545$500225
Outer Southwest Springfield$1,585$500171
Scenic Park$1,585$575124
Outer North Springfield$1,611$50540

Cheapest Available Springfield Apartments for Rent

 

The cheapest available apartment rental in Springfield, MO is a 1 Bed unit found at Markwood in the Central neighborhood priced from $500. North Terrace Apartments in the Northeast neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $575. Here is today’s list of the most affordable Springfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$500
North Terrace Apartments2 x 1 Small2BR,1BA$575
Broad-Lo1 Bed, 1 bath1BR,1BA$600
Village Club1 Bedroom, 1 Bathroom1BR,1BA$600
Forest Cove Apartments2x1 - Forest Cove2BR,1BA$625
Oak Place1 bedroom1BR,1BA$625
Village Club NorthGlen Isle 1 Bedroom, 1 Bathroom1BR,1BA$650
Delmar Meadows2 BR2BR,1BA$675
El MadridEl Madrid StudioStudio,1BA$675
Seminole North ApartmentsSeminole North 1 Bedroom, 1 Bathroom1BR,1BA$675

Best Value Apartments for Rent in Springfield, MO

As of October 13, 2025 the best value apartment in the Springfield area is the $0.75 price per square foot 1006 N 24th St Model at 1006 N 24th St, Unit 1006 in the starting from $1,800. The second greatest value Springfield apartment is the Campus Court 2 Bedroom, 1 Bath Townhome Model at Campus Court starting at $795 with a $0.72 price per square foot in the Central neighborhood. Here is today’s list of the best values for Springfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1006 N 24th St, Unit 10061006 N 24th St4BR,3BA$0.75
Campus CourtCampus Court 2 Bedroom, 1 Bath Townhome2BR,1BA$0.72
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.74
Village Club NorthGlen Isle 1 Bedroom, 1 Bathroom1BR,1BA$0.72
Village Club2 Bedroom, 1 Bathroom2BR,1BA$0.81
Delmar Meadows2 BR2BR,1BA$0.82
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR,1BA$0.86
Beartown TownhomesTwo Bedroom2BR,1BA$0.69
North Terrace Apartments2 x 1 Small2BR,1BA$0.73
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$0.87

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Springfield, MO Rentals by Map

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Frequently Asked Questions about Springfield

What type of rentals are currently available in Springfield?

There are currently 618 Apartments for Rent in Springfield, MO with pricing that ranges from $500 to $4,149. There are also 230 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springfield ranging from $550 to $5,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Springfield ranges from $550 to $5,000 with an average monthly rent of $1,880.

How much are larger Three and Four Bedroom Rentals in Springfield?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Springfield range from $550 to $4,149, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $5,000. Four Bedroom Single-Family rentals are also available starting from $550 and Four Bedroom Apartments start at $590.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.