Cheap Apartments for Rent in the Sherman Avenue Neighborhood of Springfield, MO from $500 (17 Rentals)

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

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The Oaks of Springfield
1 to 2 Bedroom Apartments

The Oaks of Springfield

1448 N Benton AveSpringfield, MO 65802
  • Utilities Included
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Alexandria Apartments
1 to 2 Bedroom Apartments

Alexandria Apartments

1230 E McDaniel StSpringfield, MO 65802
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Stove Works Lofts
Studio to 1 Bedroom Apartments

Stove Works Lofts

505 N Jefferson AveSpringfield, MO 65806
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Founders Park Lofts
Studio to 3 Bedroom Apartments

Founders Park Lofts

331 E Water StSpringfield, MO 65806
  • Utilities Included

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Brewery District Flats
Studio to 2 Bedroom Apartments

Brewery District Flats

535 W Walnut StSpringfield, MO 65806
  • Utilities Included

Sherman Avenue, Springfield, MO Local Guide

Cheapest Available Sherman Avenue Apartments for Rent

 

The cheapest available apartment rental in the Sherman Avenue area of Springfield, MO is a 3 Beds unit found at The U at Park East priced from $625. Cresco has the second lowest priced unit, which is a 2 Beds apartment currently listed from $655. Here are the most affordable Sherman Avenue apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
The U at Park East3BR/3BA - The Andres3BR,3BA$625
Cresco2BR/2BA - Glass2BR,2BA$655
The SterlingStudio - The MillerStudio,1BA$755
Spirit of St. LouisStudio1BR,1BA$885
Sky Eleven1BR/1BA - Hunt1BR,1BA$889

Best Value Apartments for Rent in Sherman Avenue, MO

As of March 12, 2026 the best value apartment in the Sherman Avenue area is the $1.66 price per square foot 1BR/1.0BA Model at Boyd Lofts in the in the Northeast neighborhood starting from $1,495. The second greatest value Sherman Avenue apartment is the 2x2 Frisco A/B Model at Aspen Heights Springfield starting at $785 with a $0.91 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Boyd Lofts1BR/1.0BA1BR,1BA$1.66
Aspen Heights Springfield2x2 Frisco A/B2BR,2BA$0.91
Silver Springs2.22BR,2BA$1.30
Heer's Luxury Living Lofts1 Bedroom A1BR,1BA$1.47
The 505 (MO)STUDIOStudio ,1BA$1.75
Sky Eleven1BR/1BA - Hunt1BR,1BA$1.45
The U at Park East1BR/1BA - The Terrazo1BR,1BA$1.82
CrescoStudio - GoodmanStudio ,1BA$1.98
Spirit of St. LouisStudio1BR,1BA$2.12
The SterlingStudio - The ReppioStudio ,1BA$2.53

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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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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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 $1,495.

What is the price of a cheap apartment in Sherman Avenue?

The cheapest apartment in Sherman Avenue is Spirit of St. Louis which is listed at $885, while the average apartment in Sherman Avenue costs $945.

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 38 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 $629 which is $316 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

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.