Cheap Apartments for Rent in the Sherman Ave Project Area Springfield, MO from $500 (41 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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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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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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-41, 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
The U at Park East3BR/3BA - The Andres3BR,3BA$625
Cresco2BR/2BA - Glass2BR,2BA$655
Greenway StudiosStudioStudio,1BA$735
Spirit of St. LouisStudio1BR,1BA$760
Bear Garden Apartments1 bed, 1 bath Premium1BR,1BA$770
Town and Campus1 Bedroom 1 Bath1BR,1BA$775
SankofaStudioStudio,1BA$795
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$825

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

As of June 12, 2026 the best value apartment in the Sherman Ave Project Area area is the $1.09 price per square foot Tower A, August 1st Model at Bears Tower in the in the Central neighborhood starting from $1,960. The second greatest value Sherman Ave Project Area apartment is the 3 Beds, 2 Baths Model at Parkwood Apartments starting at $1,200 with a $1.00 price per square foot in the Northeast 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$1.09
Parkwood Apartments3 Beds, 2 Baths3BR,2BA$1.00
Forest Park Townhomes2 Bed, 1 Bath2BR,1BA$1.04
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.75
TSHTSH 2 Bedroom, 2 Bathroom2BR,2BA$0.89
Vue on Walnut | Student HousingB1 | Two Bedroom2BR,2BA$0.94
The U at Park East2BR/2BA - The Kirkenmeyer2BR,2BA$0.74
Silver Springs2.1.5 (840)2BR,1.5BA$1.07
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$0.98
Bear Paw Commons2x12BR,1BA$1.07

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $825.

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 $1,469.

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 88 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 $621 which is $848 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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.