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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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 1073 S Grant Ave
$868 - $1,067
Studio To 1 Bedroom Rentals
Available Now
Affordability

1073 S Grant Ave

SpringfieldMO65807
property at 3861 W Univ St
$875 - $1,250
Studio To 2 Bedroom Rentals
Available Now
Affordability

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 Markwood priced from $550. Oakwood Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Outer Southwest Springfield apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$550
Oakwood Townhomes1 Bedroom, 1 Bathroom Apartment1BR,1BA$700
2850-2862 S Rogers2 Beds, 1 Baths2BR,1BA$705
TimbersTimbers 1 Bedroom, 1 Bathroom1BR,1BA$725
845 S Market Ave, Springfield MO0BR/1.0BAStudio,1BA$750
Chace Place1 Bedroom1BR,1BA$750
712 Flats2 Beds, 1.5 Baths2BR,1BA$780
Gazebo Apartments1 Bedroom Standard1BR,1BA$800
Old Monterey ApartmentsSpanish One Bedroom1BR,1BA$800
Quail CreekStudio Standard CStudio,1BA$825

Best Value Apartments for Rent in Outer Southwest Springfield, MO

As of September 05, 2026 the best value apartment in the Outer Southwest Springfield area is the $0.91 price per square foot 3 Bed, 1.5 Bath Model at Forest Park Townhomes in the in the Northwest neighborhood starting from $1,395. The second greatest value Outer Southwest 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 Outer Southwest Springfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Forest Park Townhomes3 Bed, 1.5 Bath3BR,1.5BA$0.91
South Valley Apartments2 Bed 2 Bath2BR,2BA$0.92
Campus CourtCampus Court 2 Bedroom, 1 Bath Townhome2BR,1BA$0.77
Southwinds ApartmentsSouthwinds 2 Bedroom, 2 Bathroom2BR,2BA$0.86
TSHTSH 2 Bedroom, 2 Bathroom2BR,2BA$0.89
712 Flats2 Beds, 1.5 Baths2BR,1.5BA$0.85
Arrowhead2 Bedroom2BR,2BA$1.00
Chace Place2 Bedroom2BR,2BA$0.88
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$0.98
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$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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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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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 $825.

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

The cheapest apartment in Outer Southwest Springfield is Markwood which is listed at $550, while the average apartment in Outer Southwest Springfield costs $1,070.

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 7 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 $634 which is $436 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.

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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.