
Cheap Apartments for Rent in the Sherman Avenue Neighborhood of Springfield, MO from $390 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Sherman Avenue area of Springfield.


411 W Commercial St, Unit 411-1

Greenway Studios

320 S Florence Ave

525 W Scott St

Sankofa

1023-1025 N Campbell Ave
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Spirit Of St Louis Apartments

Cresco

Silver Springs

1910 N Lyon Ave

Franciscan Villa

The Oaks of Springfield

Alexandria Apartments
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Founders Park Lofts

612 W Nichols St

1910 N Benton Ave

522 E Pacific St

1006 N Prospect Ave

1317 N Prospect Ave

Brewery District Flats
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Sherman Avenue, Springfield, MO Local Guide

How much does it cost to rent an apartment in Sherman Avenue?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sherman Avenue Studio Apartments | $863 | $718 | $1,078 |
| Sherman Avenue 1 Bedroom Apartments | $1,075 | $675 | $1,998 |
| Sherman Avenue 2 Bedroom Apartments | $1,212 | $630 | $4,068 |
| Sherman Avenue 3 Bedroom Apartments | $1,194 | $609 | $1,950 |
| Sherman Avenue 4 Bedroom Apartments | $2,354 | $550 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 1 mile radius of the Sherman Avenue Neighborhood of Springfield, MO.
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Sherman Avenue, Springfield, MO Local Guide
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Cheapest Available Sherman Avenue Apartments for Rent
 The cheapest available apartment rental in the Sherman Avenue area of Springfield, MO is a 4 Beds unit found at The U at Park East priced from $630. Sankofa has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Sherman Avenue apartments for rent in Springfield, MO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The U at Park East | 4BR/4BA - The Drake | 4BR,4BA | $630 |
| Sankofa | Studio | Studio,1BA | $795 |
| The Sterling | Studio - The Sansone | Studio,1BA | $835 |
| Spirit Of St Louis Apartments | 0BR/1.0BA | Studio,1BA | $850 |
| Cresco | Studio - Hubble | Studio,1BA | $880 |
Best Value Apartments for Rent in Sherman Avenue, MO
As of September 09, 2026 the best value apartment in the Sherman Avenue area is the $0.72 price per square foot 225 E Blaine St Model at 225 E Blaine St, Unit Unit 200 Savoy Building in the in the Woodland Heights neighborhood starting from $1,950. The second greatest value Sherman Avenue apartment is the 4BR/2.0BA Model at Palace Hotel Lofts starting at $1,750 with a $0.80 price per square foot in the Central neighborhood. Here is today’s list of the best values for Sherman Avenue apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 225 E Blaine St, Unit Unit 200 Savoy Building | 225 E Blaine St | 3BR,2.5BA | $0.72 |
| Palace Hotel Lofts | 4BR/2.0BA | 4BR,2BA | $0.80 |
| Artifacts Warehouse | 3BR/2.0BA | 3BR,2BA | $1.13 |
| Union Biscuit Warehouse, LLC | 2BR/2.0BA | 2BR,2BA | $1.51 |
| The 505 (MO) | 2 BEDROOM, 2 BATH | 2BR,2BA | $0.71 |
| Silver Springs | Ozark Tech Student Special- 2 bedroom 2 bath | 2BR,2BA | $1.30 |
| Sky Eleven | 2BR/2BA - Gillioz | 2BR,2BA | $0.90 |
| The U at Park East | 2BR/2BA - The Sixty-One | 2BR,2BA | $0.92 |
| Boyd Lofts | 1BR/1.0BA | 1BR,1BA | $1.73 |
| Aspen Springfield | 4 Bedroom - Boulder E | 4BR,4BA | $1.80 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
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Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Sherman Avenue, Springfield, MO
School data provided by Great Schools
Frequently Asked Questions about Cheap Sherman Avenue Apartments
What is a cheap apartment in Sherman Avenue?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Sherman Avenue is under $1,475.
What is the price of a cheap apartment in Sherman Avenue?
The cheapest apartment in Sherman Avenue is Sankofa which is listed at $815, while the average apartment in Sherman Avenue costs $895.
What types of apartments are the cheapest in Sherman Avenue?
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 42 regular apartments in Sherman Avenue 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 Avenue?
Cheap apartments in Sherman Avenue have an average cost of $872 which is $23 cheaper than the average rent for all rentals in Sherman Avenue.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.