Cheap Homes for Rent in Springfield, MO from $600 (86 Rentals)

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Search the lowest-cost Homes available for rent right now in 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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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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Springfield, MO Local Guide

Cheapest Neighborhoods for Apartments in Springfield, MO

Pricing Updated: 07/22/2026

Current apartment rentals in the Springfield, MO area range in price from $649 to $5,000 with an overall median price of $2,327. The three Springfield neighborhoods with the lowest median rent pricing are Northwest Springfield at $895, Fairfield Acres at $899, and Midtown Springfield at $995. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Springfield Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Northwest Springfield$895$8951
Fairfield Acres$1,195$8992
Midtown Springfield$1,285$9957
Walnut Street$1,297$9754
Southern Hills$1,312$1,1252
Sherman Ave Project Area$1,387$1,1754
Weller$1,547$64949
West Central$1,550$64910
Phelps$1,595$6495
Rountree$1,595$64914

Cheapest Available Springfield Apartments for Rent

 

The cheapest available apartment rental in Springfield, MO is a 2 Beds unit found at North Terrace Apartments in the Northeast neighborhood priced from $575. Oak Place in the Northeast neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Springfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North Terrace Apartments2 x 1 Small2BR,1BA$575
Oak Place1 bedroom1BR,1BA$600
The U at Park East3BR/3BA - The Andres3BR,3BA$625
Eastview ApartmentsStudioStudio,1BA$650
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$725
El MadridEl Madrid 1 Bedroom, 1 Bathroom1BR,1BA$725
MarkwoodMarkwood 2 Bedroom, 1.5 Bathroom2BR,1BA$750
Chace Place1 Bedroom1BR,1BA$750
712 Flats1 Beds, 1 Baths1BR,1BA$750

Best Value Apartments for Rent in Springfield, MO

As of July 23, 2026 the best value apartment in the Springfield area is the $0.84 price per square foot 225 E Blaine St Model at 225 E Blaine St, Unit Loft 200 in the in the Woodland Heights neighborhood starting from $2,275. The second greatest value Springfield apartment is the 3 Bedroom, 1.5 Bathroom Townhome Model at Oakwood Townhomes starting at $950 with a $0.58 price per square foot in the Northwest 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.
225 E Blaine St, Unit Loft 200225 E Blaine St3BR,2.5BA$0.84
Oakwood Townhomes3 Bedroom, 1.5 Bathroom Townhome3BR,1.5BA$0.58
Vintage ParkA2BR,1.5BA$0.86
Embassy OzarkTwo Bedroom, Two Bathroom2BR,2BA$0.78
Townhomes at Quail Ridge2 Bedroom Townhome with Basement2BR,1.5BA$0.88
East Manor ApartmentsEast Manor 2 Bedroom, 1 Bathroom2BR,1BA$0.88
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.71
308 Madison2/12BR,1BA$0.87
The U at Park East2BR/2BA - The Kirkenmeyer2BR,2BA$0.74
North Terrace Apartments2 x 1 Small2BR,1BA$0.73

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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

Explore Springfield, MO Rentals by Map

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See the most popular apartments and homes in Springfield, MO

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Frequently Asked Questions about Springfield

What type of rentals are currently available in Springfield?

There are currently 634 Apartments for Rent in Springfield, MO with pricing that ranges from $505 to $10,118. There are also 239 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springfield ranging from $649 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 $649 to $5,000 with an average monthly rent of $1,883.

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 $609 to $5,947, while Three Bedroom Homes, Condos, and Townhomes for rent range from $945 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $550.

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

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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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.