Cheap Apartments for Rent in the Sherman Ave Project Area Springfield, MO from $500 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Sherman Ave Project Area 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.

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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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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-29, Page 1 of 1

Sherman Ave Project Area, Springfield, MO Local Guide

Cheapest Available Sherman Ave Project Area Apartments for Rent

 

The cheapest available apartment rental in the Sherman Ave Project Area area of Springfield, MO is a 4 Beds unit found at Aspen Springfield priced from $599. Oak Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here are the most affordable Sherman Ave Project Area apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
Aspen Springfield4 Bedroom - Boulder A4BR,4BA$599
Oak Place1 bedroom1BR,1BA$600
Forest Cove Apartments2x1 - Forest Cove2BR,1BA$625
The U at Park East3BR/3BA - The Andres3BR,3BA$625
Cresco2BR/2BA - Glass2BR,2BA$655
The SterlingStudio - The MillerStudio,1BA$755
Sherwood Village ApartmentsStudio-P1Studio,1BA$816
Northgate ApartmentsOne Bedroom-Top Floor1BR,1BA$835
El MadridEl Madrid 2 Bedroom, 1 Bathroom2BR,1BA$850
Coryell Courts ApartmentsLydia 2Studio,1BA$865

Best Value Apartments for Rent in Sherman Ave Project Area, MO

As of April 28, 2026 the best value apartment in the Sherman Ave Project Area 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 Sherman Ave Project Area apartment is the C - 4 Bed/4 Bath July 1st Model at Walnut Home - Behind Greek Row! starting at $1,980 with a $1.10 price per square foot in the Central neighborhood. Here is today’s list of the best values for Sherman Ave Project Area apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bears TowerTower A, August 1st4BR,4BA$1.11
Walnut Home - Behind Greek Row!C - 4 Bed/4 Bath July 1st4BR,4BA$1.10
Coryell Crossing4 Bedroom4BR,2BA$1.01
Parkway Townhouses3 Bed 2 Bath3BR,2BA$1.18
Parkwood Apartments3 Beds, 2 Baths3BR,2BA$1.00
Forest Park Townhomes2 Bed, 1 Bath2BR,1BA$1.04
Regency Tower2 Bedroom2BR,2BA$1.10
Cedarstone & Oak LeafCedarstone 2 Bedroom, 1 Bathroom2BR,1BA$1.29
400 Place1 Bedroom1BR,1BA$1.27
Bear Paw Commons2x12BR,1BA$1.07

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Pet Friendly Lifestyle
Sherman Ave Project Area, Springfield, MO

Ranked #11

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Sherman Ave Project Area Apartments

What is a cheap apartment in Sherman Ave Project Area?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Sherman Ave Project Area is under $865.

What is the price of a cheap apartment in Sherman Ave Project Area?

The cheapest apartment in Sherman Ave Project Area is Oak Place which is listed at $600, while the average apartment in Sherman Ave Project Area costs $1,495.

What types of apartments are the cheapest in Sherman Ave Project Area?

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 111 regular apartments in Sherman Ave Project Area that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Sherman Ave Project Area?

Cheap apartments in Sherman Ave Project Area have an average cost of $681 which is $814 cheaper than the average rent for all rentals in Sherman Ave Project Area.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.

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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.