Cheap Apartments for Rent in the Sherman Avenue Neighborhood of Springfield, MO from $300 (27 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Sherman Avenue 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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Franciscan Villa
Studio to 2 Bedroom Apartments

Franciscan Villa

620 W Scott StSpringfield, MO 65802
Senior Living

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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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
  • Utilities Included
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Stove Works Lofts
Studio to 1 Bedroom Apartments

Stove Works Lofts

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

Founders Park Lofts

331 E Water StSpringfield, MO 65806
  • Utilities Included

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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Brewery District Flats
Studio to 2 Bedroom Apartments

Brewery District Flats

535 W Walnut StSpringfield, MO 65806
  • Utilities Included

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.

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 4 Beds unit found at Aspen Springfield priced from $599. The U at Park East has the second lowest priced unit, which is a 3 Beds apartment currently listed from $625. Here are the most affordable Sherman Avenue apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
Aspen Springfield4 Bedroom - Boulder A4BR,4BA$599
The U at Park East3BR/3BA - The Andres3BR,3BA$625
Cresco2BR/2BA - Glass2BR,2BA$655
Spirit of St. LouisStudio1BR,1BA$760
SankofaStudioStudio,1BA$795
Silver Springs Apartments2.1.5 (840)2BR,1BA$895
Greenway StudiosFurnished StudioStudio,1BA$900
Sky Eleven1BR/1BA - Hunt1BR,1BA$909
Heer's Luxury Living1 Bedroom B1BR,1BA$1,415

Best Value Apartments for Rent in Sherman Avenue, MO

As of June 11, 2026 the best value apartment in the Sherman Avenue area is the $2.22 price per square foot 2 Bedroom A - Furnished Model at Heer's Luxury Living in the in the Central neighborhood starting from $2,289. The second greatest value Sherman Avenue apartment is the 2 BEDROOM, 2 BATH Model at The 505 (MO) starting at $746 with a $0.75 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.
Heer's Luxury Living2 Bedroom A - Furnished2BR,2BA$2.22
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.75
Boyd Lofts2BR/1.0BA2BR,1BA$1.55
The U at Park East2BR/2BA - The Kirkenmeyer2BR,2BA$0.74
Silver Springs Apartments2.1.5 (840)2BR,1.5BA$1.07
Sky Eleven1BR/1BA - Hunt1BR,1BA$1.48
CrescoStudio - GoodmanStudio ,1BA$1.98
Aspen Springfield2 Bedroom - Frisco A2BR,2BA$1.78
Spirit of St. LouisStudio1BR,1BA$1.82
SankofaStudioStudio ,1BA$2.09

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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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 $1,415.

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 $760, while the average apartment in Sherman Avenue costs $929.

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 41 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 $564 which is $365 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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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.