Cheap Homes for Rent in Phelps Neighborhood of Springfield, MO from $800 (4 Rentals)

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

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.

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.

Phelps, Springfield, MO Local Guide

Best Value Apartments for Rent in Phelps, MO

As of September 01, 2025 the best value apartment in the Phelps area is the $1.21 price per square foot Tower C, Aug 1st Model at Bears Tower in the in the Central neighborhood starting from $1,450. The second greatest value Phelps apartment is the 2BR/2.0BA Model at The Bay starting at $1,400 with a $1.48 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 C, Aug 1st2BR,2BA$1.21
The Bay2BR/2.0BA2BR,2BA$1.48
Beartown TownhomesTwo Bedroom2BR,1BA$0.69
Bear Paw Commons2x12BR,1BA$1.02
Bear VillageFour Bedroom4BR,4BA$1.13
SoEl District LoftsStudio/1 Bath/Floorplan BStudio ,1BA$2.02
Boomer Town StudiosScotsman-Furnished Top FloorStudio ,1BA$2.24

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Pet Friendly Lifestyle
Phelps, Springfield, MO

Ranked #24

Among cities in Missouri for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Phelps

What type of rentals are currently available in Phelps?

There are currently 54 Apartments for Rent in Phelps, MO with pricing that ranges from $799 to $2,600. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phelps ranging from $895 to $2,399.

What is the current price range for Rental Homes in Phelps?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Phelps ranges from $895 to $2,399 with an average monthly rent of $1,535.

How much are larger Three and Four Bedroom Rentals in Phelps?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Phelps range from $1,499 to $2,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,250. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,450.

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.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.