813 S Jefferson Ave
SpringfieldMO65806
Cheap Apartments for Rent in the Phelps Neighborhood of Springfield, MO from $600 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Phelps area of Springfield.
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$765Studio Apartments Available Now
Beartown Flats
431 E Harrison StSpringfield, MO 65806
803 S Jefferson Ave
SpringfieldMO65806
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Rent Specials
$799 - $1,995Studio to 2 Bedroom Apartments Available Now
SoEl District Lofts
430 E Elm StSpringfield, MO 65806
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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Rent Specials
$845 - $895Studio Apartments Available Now
Boomer Town Studios
824 S National AveSpringfield, MO 65804
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1 Bedroom Apartments
Jenny Lind Hall
711 S Jefferson AveSpringfield, MO 65806
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1 to 2 Bedroom Apartments
The M @ 414
414 E Monroe StSpringfield, MO 65806
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Studio to 1 Bedroom Apartments
Springfield Commons
728 S Jefferson AveSpringfield, MO 65806
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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3 to 4 Bedroom Apartments
Brentwood Management - 520 Cherry
520 Cherry StSpringfield, MO 65806
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Phelps, Springfield, MO Local Guide
How much does it cost to rent an apartment in Phelps?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phelps Studio Apartments | $839 | $765 | $895 |
| Phelps 1 Bedroom Apartments | $814 | $700 | $949 |
| Phelps 2 Bedroom Apartments | $1,321 | $1,150 | $1,995 |
| Phelps 4 Bedroom Apartments | $2,356 | $2,340 | $2,380 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Phelps Neighborhood of Springfield, MO.
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Cheapest Available Phelps Apartments for Rent
The cheapest available apartment rental in the Phelps area of Springfield, MO is a Studio unit found at Beartown Flats priced from $765. Boomer Town Studios has the second lowest priced unit, which is a Studio apartment currently listed from $845. Here are the most affordable Phelps apartments for rent in Springfield, MO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Beartown Flats | Upgraded Studio | Studio,1BA | $765 |
| Boomer Town Studios | Scotsman-Furnished | Studio,1BA | $845 |
| Bears Tower | Tower B, June 1st | 2BR,2BA | $1,190 |
Best Value Apartments for Rent in Phelps, MO
As of January 29, 2026 the best value apartment in the Phelps area is the $1.32 price per square foot Tower A, August 1st Model at Bears Tower in the in the Central neighborhood starting from $2,380. The second greatest value Phelps apartment is the 2BR/2.0BA Model at The Bay starting at $1,400 with a $1.59 price per square foot in the Central neighborhood. Here is today’s list of the best values for Phelps apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bears Tower | Tower A, August 1st | 4BR,4BA | $1.32 |
| The Bay | 2BR/2.0BA | 2BR,2BA | $1.59 |
| SoEl District Lofts | 2 Bed/1.5 Bath with Loft/DELUXE | 2BR,1.5BA | $2.38 |
| Bear Paw Commons | 2x1 | 2BR,1BA | $1.07 |
| Bear Village | Four Bedroom | 4BR,4BA | $1.16 |
| Beartown Flats | Upgraded Studio | Studio ,1BA | $1.91 |
| Boomer Town Studios | Scotsman-Furnished Top Floor Balcony | Studio ,1BA | $2.26 |
Frequently Asked Questions about Cheap Phelps Apartments
What is a cheap apartment in Phelps?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Phelps is under $1,995.
What types of apartments are the cheapest in Phelps?
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 8 regular apartments in Phelps that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
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.
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.
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.