Cheap Homes for Rent in Springfield, MO from $685 (109 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: 09/06/2026

Current apartment rentals in the Springfield, MO area range in price from $500 to $10,118 with an overall median price of $1,001. The three Springfield neighborhoods with the lowest median rent pricing are Walnut Street at $860, Rountree at $895, and Sherman Avenue at $895. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Springfield Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Walnut Street$860$50038
Rountree$895$50094
Sherman Avenue$895$55071
Woodland Heights$895$500149
Parkwood Survival$900$50591
Weller$917$500194
Grant Beach$927$500189
Kingsbury Forest$927$59530
Central$935$500156
Cinnamon Square$945$59531

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 $550. 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$550
North Terrace Apartments2 x 1 Small2BR,1BA$575
The U at Park East4BR/4BA - The Drake4BR,4BA$630
Eastview ApartmentsStudioStudio,1BA$650
Glen Isle ApartmentsGlen Isle 1 Bedroom, 1 Bathroom1BR,1BA$650
Village ClubStudio1BR,1BA$650
Oakwood Townhomes1 Bedroom, 1 Bathroom Apartment1BR,1BA$700
2850-2862 S Rogers2 Beds, 1 Baths2BR,1BA$705
Seminole1 Bedroom, 1 Bath1BR,1BA$715
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$725

Best Value Apartments for Rent in Springfield, MO

As of September 06, 2026 the best value apartment in the Springfield area is the $0.72 price per square foot 225 E Blaine St Model at 225 E Blaine St, Unit Unit 200 Savoy Building in the in the Woodland Heights neighborhood starting from $1,950. The second greatest value Springfield apartment is the 1006 N 24th St Model at 1006 N 24th St, Unit Duplex 1006 N 24th St starting at $1,800 with a $0.75 price per square foot in the Christian County 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 Unit 200 Savoy Building225 E Blaine St3BR,2.5BA$0.72
1006 N 24th St, Unit Duplex 1006 N 24th St1006 N 24th St4BR,3BA$0.75
Palace Hotel Lofts4BR/2.0BA4BR,2BA$0.80
Vintage ParkA2BR,1.5BA$0.86
Vue on Walnut | Student HousingC2 | Three Bedroom3BR,3BA$0.61
Embassy OzarkTwo Bedroom, Two Bathroom2BR,2BA$0.78
Campus CourtCampus Court 2 Bedroom, 1 Bath Townhome2BR,1BA$0.77
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.71
712 Flats2 Beds, 1.5 Baths2BR,1.5BA$0.85
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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 646 Apartments for Rent in Springfield, MO with pricing that ranges from $500 to $10,118. There are also 297 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springfield ranging from $685 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 $685 to $5,000 with an average monthly rent of $1,535.

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 $4,776, while Three Bedroom Homes, Condos, and Townhomes for rent range from $965 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $500.

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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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.

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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.

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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.