1317 S Pennsylvania Ave
SpringfieldMO65807
Cheap Homes for Rent in Phelps Neighborhood of Springfield, MO from $1,500 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Phelps area of Springfield.
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.
1044 E Linwood Dr
SpringfieldMO65807
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.
831 E Normal St
SpringfieldMO65807
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Phelps, Springfield, MO Local Guide
How much does it cost to rent a home in Phelps?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phelps 3 Bedroom Homes for Rent | $1,672 | $1,595 | $1,750 |
| Phelps 4 Bedroom Homes for Rent | $2,048 | $1,800 | $2,450 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Phelps Neighborhood of Springfield, MO.
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Best Value Apartments for Rent in Phelps, MO
As of May 09, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bears Tower | Tower A, August 1st | 4BR,4BA | $1.11 |
| Bear Paw Commons | 2x1 | 2BR,1BA | $1.07 |
| Bear Village | Four Bedroom | 4BR,4BA | $1.16 |
| Beartown Flats | Renovated Studio | Studio ,1BA | $2.24 |
Frequently Asked Questions about Phelps
What type of rentals are currently available in Phelps?
There are currently 55 Apartments for Rent in Phelps, MO with pricing that ranges from $855 to $2,000. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phelps ranging from $1,595 to $2,450.
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 $1,595 to $2,450 with an average monthly rent of $1,860.
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 $1,575 to $1,699, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $1,750. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,980.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.