Cheap Homes for Rent in Springfield, MO from $600 (78 Rentals)

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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 Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 3052 S Franklin Ave

$1,025

2 Bedroom, 1 Bath Townhome for Rent

Available Jan 19

3052 S Franklin Ave

SpringfieldMO65807

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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Springfield, MO Local Guide

Cheapest Neighborhoods for Apartments in Springfield, MO

Pricing Updated: 01/17/2026

Current apartment rentals in the Springfield, MO area range in price from $499 to $5,770 with an overall median price of $1,868. The three Springfield neighborhoods with the lowest median rent pricing are Sherman Avenue at $499, Downtown Springfield at $499, and Parkwood Survival at $499. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Springfield Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Sherman Avenue$839$49965
Downtown Springfield$902$49976
Parkwood Survival$902$49985
Cinnamon On The Hill$1,015$59564
Kingsbury Forest$1,015$59564
Webster Park Shady Dell$1,315$499151
Cooper Estates$1,440$50546
Chesterfield Village$1,477$64597
Golden Pond$1,477$64587
Parkwest Village$1,477$645107

Cheapest Available Springfield Apartments for Rent

 

The cheapest available apartment rental in Springfield, MO is a 4 Beds unit found at The U at Park East in the Central neighborhood priced from $499. 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
The U at Park East4BR/4BA - The Drake4BR,4BA$499
North Terrace Apartments2 x 1 Small2BR,1BA$575
712 Flats1 Beds, 1 Baths1BR,1BA$600
Oak Place1 bedroom1BR,1BA$600
Village Club1 Bedroom, 1 Bathroom1BR,1BA$600
Cresco2BR/2BA - Glass2BR,2BA$615
Forest Cove Apartments2x1 - Forest Cove2BR,1BA$625
The SterlingStudio - The AngelinaStudio,1BA$660
English Village1 Bedroom, 1 Bathroom1BR,1BA$675
Rosewood Village1 Bedroom, 1 Bathroom1BR,1BA$685

Best Value Apartments for Rent in Springfield, MO

As of January 18, 2026 the best value apartment in the Springfield area is the $0.90 price per square foot 3 Bedroom Model at Sandstone Heights Apartments in the in the Southwest Springfield neighborhood starting from $1,180. The second greatest value Springfield apartment is the 2 Bed 2 Bath Model at South Valley Apartments starting at $1,099 with a $0.92 price per square foot in the Southwest Springfield 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.
Sandstone Heights Apartments3 Bedroom3BR,2BA$0.90
South Valley Apartments2 Bed 2 Bath2BR,2BA$0.92
Parkwood Apartments2 Beds, 2 Baths2BR,2BA$0.89
Sugar WoodRemodeled 2 BR Townhouse2BR,1.5BA$0.95
Ozark Mountain Crossing ApartmentsOzark 2 Bed/2 Bath Apartment Available!2BR,2BA$0.88
Meadowview Apartments2 Beds, 1.5 Baths2BR,1.5BA$0.94
Village Club2 Bedroom, 1 Bathroom2BR,1BA$0.81
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$0.95
712 Flats1 Beds, 1 Baths1BR,1BA$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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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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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 640 Apartments for Rent in Springfield, MO with pricing that ranges from $499 to $5,770. There are also 255 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springfield ranging from $625 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 $625 to $5,000 with an average monthly rent of $1,551.

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 $5,770, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $5,000. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $499.

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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!