Cheap Apartments for Rent in the Outer Southwest Springfield Neighborhood of Springfield, MO from $500 (85 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Outer Southwest Springfield area of Springfield.

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The Magnolia
$650 - $7001 to 2 Bedroom Apartments Contact Us For Availability

The Magnolia

2052 S Florence AveSpringfield, MO 65807
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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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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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property at 3861 W Univ St

$875 - $1,250

Studio To 2 Bedroom Rentals

Available Now

3861 W Univ St

SpringfieldMO65807

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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Outer Southwest Springfield, Springfield, MO Local Guide

Cheapest Available Outer Southwest Springfield Apartments for Rent

 

The cheapest available apartment rental in the Outer Southwest Springfield area of Springfield, MO is a 1 Bed unit found at Chace Place priced from $750. Old Monterey Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $756. Here are the most affordable Outer Southwest Springfield apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
Chace Place1 Bedroom1BR,1BA$750
Old Monterey ApartmentsSpanish One Bedroom1BR,1BA$756
Harvard2 Bedroom, 1.5 Bath2BR,1BA$775
Gazebo Apartments1 Bedroom Standard1BR,1BA$800
Coryell CommonsAshlynStudio,1BA$844
Coryell CrossingStudioStudio,1BA$850
Fremont LandingFremont Landing 2 Bedroom, 2 Bathroom2BR,2BA$850
Trail's Bend Apartments and TownhomesMicro StudioStudio,1BA$850
Park Place1.1 second floor upgraded1BR,1BA$850
Hunters GlenOne Bedroom1BR,1BA$864

Best Value Apartments for Rent in Outer Southwest Springfield, MO

As of June 05, 2026 the best value apartment in the Outer Southwest Springfield area is the $1.12 price per square foot 3 Beds, 2 baths Model at Heatherwood Apartments in the in the Northwest neighborhood starting from $1,550. The second greatest value Outer Southwest Springfield apartment is the 2 Bed, 1 Bath Model at Forest Park Townhomes starting at $1,245 with a $1.04 price per square foot in the Northwest neighborhood. Here is today’s list of the best values for Outer Southwest Springfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Heatherwood Apartments3 Beds, 2 baths3BR,2BA$1.12
Forest Park Townhomes2 Bed, 1 Bath2BR,1BA$1.04
Ben Steele SpringfieldDuplex2BR,2BA$1.08
South Valley Apartments2 Bed 2 Bath2BR,2BA$0.92
Harvard2 Bedroom, 1.5 Bath2BR,1.5BA$0.75
Market StreetMarket Street 2 Bedroom, 2 Bathroom2BR,2BA$1.09
Arrowhead2 Bedroom2BR,2BA$1.00
Chesterfield Village2 Bedroom, 2 Bath2BR,2BA$1.10
Chace Place2 Bedroom2BR,2BA$0.88
Fremont LandingFremont Landing 2 Bedroom, 2 Bathroom2BR,2BA$1.03

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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Pet Friendly Lifestyle
Outer Southwest Springfield, Springfield, MO

Ranked #7

Among cities in Missouri for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Outer Southwest Springfield, Springfield, MO

School data provided by Great Schools

Lifestyle Ratings

This website compares millions of points of data to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Southwestern Springfield, MO. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best outdoor access, kid and pet-friendly communities, availability of transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Outer Southwest Springfield Apartments

What is a cheap apartment in Outer Southwest Springfield?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Outer Southwest Springfield is under $864.

What is the price of a cheap apartment in Outer Southwest Springfield?

The cheapest apartment in Outer Southwest Springfield is Chace Place which is listed at $750, while the average apartment in Outer Southwest Springfield costs $1,450.

What types of apartments are the cheapest in Outer Southwest Springfield?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Outer Southwest Springfield that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Outer Southwest Springfield?

Cheap apartments in Outer Southwest Springfield have an average cost of $168 which is $1,282 cheaper than the average rent for all rentals in Outer Southwest Springfield.

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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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.