Cheap Apartments for Rent in the Sherman Avenue Neighborhood of Springfield, MO from $300 (13 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
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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

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.

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
The SterlingStudio - The MillerStudio,1BA$755
Spirit of St. LouisStudio1BR,1BA$885

Best Value Apartments for Rent in Sherman Avenue, MO

As of April 26, 2026 the best value apartment in the Sherman Avenue area is the $1.44 price per square foot 2 Bedroom ADA Model at Heer's Luxury Living in the in the Central neighborhood starting from $1,549. The second greatest value Sherman Avenue apartment is the 1BR/1.0BA Model at Boyd Lofts starting at $1,495 with a $1.66 price per square foot in the Northeast 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 ADA2BR,2BA$1.44
Boyd Lofts1BR/1.0BA1BR,1BA$1.66
Silver Springs2 bedroom 2 bath- $599 Move in special on 13 mo...2BR,2BA$1.30
The 505 (MO)1 BEDROOM, 1 BATH1BR,1BA$2.09
Sky Eleven1BR/1BA - Hunt1BR,1BA$1.45
The U at Park East1BR/1BA - The Terrazo1BR,1BA$1.82
CrescoStudio - GoodmanStudio ,1BA$1.98
Aspen Springfield2 Bedroom - Frisco A2BR,2BA$1.78
Spirit of St. LouisStudio1BR,1BA$2.12
The SterlingStudio - The ReppioStudio ,1BA$2.53

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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 $1,495.

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 $1,025.

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 55 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 $681 which is $344 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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.