Cheap Apartments for Rent in the Phelps Neighborhood of Springfield, MO from $600 (12 Rentals)

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

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SoEl District Lofts
$899 - $1,999
Total Monthly Price

Total Monthly Price

Base Rent
$824 - $1,924
Required Monthly Fees
$75

Total Monthly Price
$899 - $1,999
Studio to 3 Bedroom Apartments Available Jul 14

SoEl District Lofts

430 E Elm StSpringfield, MO 65806
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
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504 Cherry St
Studio Apartments

504 Cherry St

504 Cherry StSpringfield, MO 65806
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432 E Harrison St
Studio Apartments

432 E Harrison St

432 E Harrison 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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510 E Harrison
1 to 3 Bedroom Apartments

510 E Harrison

510 E HarrisonSpringfield, MO 65806
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The M @ 414
1 to 2 Bedroom Apartments

The M @ 414

414 E Monroe StSpringfield, MO 65806
  • Utilities Included
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Springfield Commons
Studio to 1 Bedroom Apartments

Springfield Commons

728 S Jefferson AveSpringfield, MO 65806
  • Utilities Included
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Jenny Lind Hall
1 Bedroom Apartments

Jenny Lind Hall

711 S Jefferson AveSpringfield, MO 65806
Senior Living
  • Utilities Included
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Colonial Courts
1 Bedroom Apartments

Colonial Courts

1102 E Elm StSpringfield, MO 65806
  • Utilities Included

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.

Cheapest Available Phelps Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Beartown FlatsUpgraded StudioStudio,1BA$700
Bears TowerTower B, June 1st2BR,2BA$1,100

Best Value Apartments for Rent in Phelps, MO

As of April 01, 2026 the best value apartment in the Phelps area is the $1.11 price per square foot Tower A, August 1st Model at Bears Tower in the in the Central neighborhood starting from $2,000. The second greatest value Phelps apartment is the 2x1 Model at Bear Paw Commons starting at $599 with a $1.07 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Bears TowerTower A, August 1st4BR,4BA$1.11
Bear Paw Commons2x12BR,1BA$1.07
Bear VillageFour Bedroom4BR,4BA$1.16
Beartown FlatsUpgraded StudioStudio ,1BA$1.75

Frequently Asked Questions about Cheap Phelps Apartments

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 7 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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.