
Cheap Apartments for Rent in the Phelps Neighborhood of Springfield, MO from $600 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Phelps area of Springfield.


813 S Jefferson Ave

SoEl District Lofts

Boomer Town Studios

803 S Jefferson Ave

512 S Florence Ave
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 | $842 | $645 | $895 |
| Phelps 1 Bedroom Apartments | $841 | $695 | $999 |
| Phelps 2 Bedroom Apartments | $1,424 | $1,249 | $1,999 |
| Phelps 3 Bedroom Apartments | $1,824 | $1,499 | $2,600 |
| Phelps 4 Bedroom Apartments | $2,011 | $1,395 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Phelps Neighborhood of Springfield, MO.
See all Apartments in SpringfieldExplore Springfield
Phelps, Springfield, MO Local Guide
- Nearby Springfield neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Phelps Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| SoEl District Lofts | Studio/1 Bath/Floorplan B | Studio,1BA | $799 |
| The Bay | 2BR/2.0BA | 2BR,2BA | $1,400 |
Best Value Apartments for Rent in Phelps, MO
As of October 25, 2025 the best value apartment in the Phelps area is the $1.48 price per square foot 2BR/2.0BA Model at The Bay in the in the Central neighborhood starting from $1,400. The second greatest value Phelps apartment is the 2 Bed/1.5 Bath with Loft/DELUXE Model at SoEl District Lofts starting at $1,999 with a $2.39 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. |
|---|---|---|---|
| The Bay | 2BR/2.0BA | 2BR,2BA | $1.48 |
| SoEl District Lofts | 2 Bed/1.5 Bath with Loft/DELUXE | 2BR,1.5BA | $2.39 |
| Bear Paw Commons | 2x1 | 2BR,1BA | $1.02 |
| Bear Village | Four Bedroom | 4BR,4BA | $1.13 |
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.
Pet Friendly LifestylePhelps, Springfield, MO
Ranked #24
Among cities in Missouri for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Phelps Neighborhood in Springfield, MO
Walk Score®
72 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
67 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Phelps Apartments
What is the lowest price for a Cheap Two Bedroom Phelps Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Phelps is starting from $1,400 at The Bay.
What is the most affordable Phelps Three Bedroom Apartment?
The best deal on a cheap Phelps Three Bedroom Apartment rental is at SoEl District Lofts and starts from $1,499.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.



