Cheap Apartments for Rent in the Southwest Springfield Neighborhood of Springfield, MO from $435 (155 Rentals)

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

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

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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property at 1073 S Grant Ave
$868 - $1,377
Studio To 2 Bedroom Rentals
Available Now
Affordability

1073 S Grant Ave

SpringfieldMO65807
property at 3861 W Univ St
$875 - $1,250
Studio To 2 Bedroom Rentals
Available Now
Affordability

3861 W Univ St

SpringfieldMO65807

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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Southwest Springfield, Springfield, MO Local Guide

Cheapest Available Southwest Springfield Apartments for Rent

 

The cheapest available apartment rental in the Southwest Springfield area of Springfield, MO is a 1 Bed unit found at Markwood priced from $550. 2850-2862 S Rogers has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here are the most affordable Southwest Springfield apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR, 1BA$550
2850-2862 S Rogers2 Beds, 1 Baths2BR, 1BA$700
Oakwood Townhomes1 Bedroom, 1 Bathroom Apartment1BR, 1BA$700
El MadridEl Madrid 1 Bedroom, 1 Bathroom1BR, 1BA$725
TimbersTimbers 1 Bedroom, 1 Bathroom1BR, 1BA$725
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR, 1BA$725
845 S Market Ave, Springfield MO0BR/1.0BAStudio, 1BA$750
Chace Place1 Bedroom1BR, 1BA$750
Bear Garden Apartments1 bed, 1 bath Premium1BR, 1BA$770
Old Monterey ApartmentsSpanish One Bedroom1BR, 1BA$787

Best Value Apartments for Rent in Southwest Springfield, MO

As of September 17, 2026 the best value apartment in the Southwest Springfield area is the $0.91 price per square foot 3 Bed, 1.5 Bath Model at Forest Park Townhomes in the Northwest neighborhood starting from $1,395. The second greatest value Southwest Springfield apartment is the C2 | Three Bedroom Model at Vue on Walnut | Student Housing in the Central neighborhood starting at $839 with a $0.61 price per square foot. Here is today’s list of the best values for Southwest Springfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Forest Park Townhomes3 Bed, 1.5 Bath3BR, 1.5BA$0.91
Vue on Walnut | Student HousingC2 | Three Bedroom3BR, 3BA$0.61
South Valley Apartments2 Bed 2 Bath2BR, 2BA$0.92
Campus CourtCampus Court 2 Bedroom, 1 Bath Townhome2BR, 1BA$0.77
1242 E Cherry St2 Beds, 1.5 Baths2BR, 1.5BA$0.98
TSHTSH 2 Bedroom, 2 Bathroom2BR, 2BA$0.89
Pebblecreek2 Bedroom 1.5 Bath2BR, 1.5BA$0.99
Stonewood ApartmentsStonewood 2 Bedroom2BR, 1BA$0.98
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR, 1BA$0.90
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR, 1BA$0.98

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Best Local Schools in
Southwest Springfield, Springfield, MO

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Southwest Springfield, Springfield, and the greater Springfield area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Southwest Springfield Apartments

What is a cheap apartment in Southwest Springfield?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southwest Springfield is under $787.

What is the price of a cheap apartment in Southwest Springfield?

The cheapest apartment in Southwest Springfield is Markwood which is listed at $550, while the average apartment in Southwest Springfield costs $1,071.

What types of apartments are the cheapest in Southwest Springfield?

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 45 regular apartments in Southwest Springfield 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 Southwest Springfield?

Cheap apartments in Southwest Springfield have an average cost of $523 which is $548 cheaper than the average rent for all rentals in Southwest Springfield.

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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.

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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.