Cheap Apartments for Rent in the Sherman Ave Project Area Springfield, MO from $500 (42 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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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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Showing Results 1-42, 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 1 Bed unit found at Oak Place priced from $600. El Chaparral Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Sherman Ave Project Area apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
Oak Place1 bedroom1BR,1BA$600
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$725
El MadridEl Madrid 1 Bedroom, 1 Bathroom1BR,1BA$725
Spirit of St. LouisStudio1BR,1BA$760
Bear Garden Apartments1 bed, 1 bath Premium1BR,1BA$770
East Manor ApartmentsEast Manor 1 Bedroom, 1 Bathroom1BR,1BA$775
SankofaStudioStudio,1BA$795
Rosewood Village2 Bedroom, 1 Bathroom2BR,1BA$815
Silver Springs2.1.5 (840)2BR,1BA$895
Greenway StudiosFurnished StudioStudio,1BA$900

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

As of July 28, 2026 the best value apartment in the Sherman Ave Project Area area is the $0.93 price per square foot 3BR/2.0BA Model at Artifacts Warehouse in the in the Central neighborhood starting from $1,475. The second greatest value Sherman Ave Project Area apartment is the C2 | Three Bedroom Model at Vue on Walnut | Student Housing starting at $839 with a $0.61 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.
Artifacts Warehouse3BR/2.0BA3BR,2BA$0.93
Vue on Walnut | Student HousingC2 | Three Bedroom3BR,3BA$0.61
Parkway Townhouses3 Bed 2 Bath3BR,2BA$1.18
Parkwood Apartments3 Beds, 2 Baths3BR,2BA$1.08
Forest Park Townhomes2 Bed, 1 Bath2BR,1BA$1.04
Regency Tower2 Bedroom2BR,2BA$1.10
Pickwick Place2 bed 2 bath2BR,2BA$1.22
Rosewood Village2 Bedroom, 1 Bathroom2BR,1BA$0.96
East Manor ApartmentsEast Manor 1 Bedroom, 1 Bathroom1BR,1BA$1.21
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

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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 #12

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

Pet Friendliness Lifestyle Score

3.5
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 $900.

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 $1,545.

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 59 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 $751 which is $794 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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.