Cheap Apartments for Rent in the Outer Southwest Springfield Neighborhood of Springfield, MO from $500 (108 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Outer Southwest Springfield area of 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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property at 3861 W Univ St

$875 - $1,250

Studio To 2 Bedroom Rentals

Available Now

3861 W Univ St

SpringfieldMO65807

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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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. 712 Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Outer Southwest Springfield apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
Chace Place1 Bedroom1BR,1BA$750
712 Flats1 Beds, 1 Baths1BR,1BA$750
MarkwoodMarkwood 2 Bedroom, 1.5 Bathroom2BR,1BA$750
Park57StudioStudio,1BA$790
Gazebo Apartments1 Bedroom Standard1BR,1BA$800
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$825
Park Place1.1 second floor upgraded1BR,1BA$850
Hunters GlenOne Bedroom1BR,1BA$864
Fairfield Village1.1 Upgraded1BR,1BA$895
The Field1 Bedroom, 1 Bathroom1BR,1BA$895

Best Value Apartments for Rent in Outer Southwest Springfield, MO

As of July 21, 2026 the best value apartment in the Outer Southwest Springfield area is the $0.58 price per square foot 3 Bedroom, 1.5 Bathroom Townhome Model at Oakwood Townhomes in the in the Northwest neighborhood starting from $950. 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.
Oakwood Townhomes3 Bedroom, 1.5 Bathroom Townhome3BR,1.5BA$0.58
Forest Park Townhomes2 Bed, 1 Bath2BR,1BA$1.04
South Valley Apartments2 Bed 2 Bath2BR,2BA$0.92
Chesterfield Village3 Bedroom, 2 Bath3BR,2BA$1.05
Southwinds EastSouthwinds East 2 Bedroom, 1 Bath Townhome2BR,1BA$1.00
Arrowhead2 Bedroom2BR,2BA$1.00
Chace Place2 Bedroom2BR,2BA$0.88
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$0.98
712 Flats1 Beds, 1 Baths1BR,1BA$0.92
MarkwoodMarkwood 2 Bedroom, 1.5 Bathroom2BR,1.5BA$0.95

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 $895.

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 $1,600.

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 4 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 $1,230 which is $370 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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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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

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.