Cheap Homes for Rent in Springfield, MO from $400 (44 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
property at 1355 E Norton Rd

1355 E Norton Rd

SpringfieldMO65803
Showing Results 1-44, Page 1 of 1

Springfield, MO Local Guide

Cheapest Neighborhoods for Apartments in Springfield, MO

Pricing Updated: 06/29/2025

Current apartment rentals in the Springfield, MO area range in price from $499 to $5,135 with an overall median price of $1,610. The three Springfield neighborhoods with the lowest median rent pricing are Parkwood Survival at $499, Webster Park Shady Dell at $499, and Sherman Avenue 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
Parkwood Survival$859$499114
Webster Park Shady Dell$945$499153
Sherman Avenue$1,025$49992
Rountree$1,100$51589
Downtown Springfield$1,150$499102
Kingsbury Forest$1,155$51527
Cooper Estates$1,375$50518
Golden Pond$1,422$64533
Northwest$1,497$499153
Grant Beach$1,500$499165

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. Village Club in the Southeast Springfield neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. 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
Village Club1 Bedroom, 1 Bathroom1BR,1BA$525
North Terrace Apartments2 x 1 Small2BR,1BA$575
Oak Place1 bedroom1BR,1BA$625
Forest Cove Apartments2x1 - Forest Cove2BR,1BA$625
Eastview ApartmentsStudioStudio,1BA$650
Seminole North ApartmentsSeminole North 1 Bedroom, 1 Bathroom1BR,1BA$675
Rosewood Village1 Bedroom, 1 Bathroom1BR,1BA$685
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR,1BA$695
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$695

Best Value Apartments for Rent in Springfield, MO

As of June 29, 2025 the best value apartment in the Springfield area is the $0.84 price per square foot 2 Bed 2 Bath Model at South Valley Apartments in the in the Southwest Springfield neighborhood starting from $999. The second greatest value Springfield apartment is the 2 Beds, 2 Baths Model at Parkwood Apartments starting at $975 with a $0.89 price per square foot in the Northeast 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.
South Valley Apartments2 Bed 2 Bath2BR,2BA$0.84
Parkwood Apartments2 Beds, 2 Baths2BR,2BA$0.89
Harvard2 Bedroom, 1.5 Bath2BR,1.5BA$0.75
Ozark Mountain Crossing ApartmentsOzark 2 Bed/2 Bath Apartment Available!2BR,2BA$0.86
712 Flats2 Beds, 1.5 Baths2BR,1.5BA$0.87
Embassy ApartmentsEmbassy Apartments - Close to MSU, Downtown Spf...2BR,1BA$0.87
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR,1BA$0.86
North Terrace Apartments2 x 1 Small2BR,1BA$0.73
Village Club1 Bedroom, 1 Bathroom1BR,1BA$0.70
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$0.87

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Springfield

What type of rentals are currently available in Springfield?

There are currently 603 Apartments for Rent in Springfield, MO with pricing that ranges from $499 to $5,135. There are also 172 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springfield ranging from $620 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 $620 to $5,000 with an average monthly rent of $1,869.

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 $5,135, while Three Bedroom Homes, Condos, and Townhomes for rent range from $845 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,085 and Four Bedroom Apartments start at $499.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.