Cheap Apartments for Rent in the Southwest Springfield Neighborhood of Springfield, MO from $400 (147 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

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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property at 3861 W Univ St

$875 - $1,250

Studio To 2 Bedroom Rentals

Available Now

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 Oakwood Townhomes priced from $700. El Chaparral Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Southwest Springfield apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
Oakwood Townhomes1 Bedroom, 1 Bathroom Apartment1BR,1BA$700
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$725
TimbersTimbers 1 Bedroom, 1 Bathroom1BR,1BA$725
Chace Place1 Bedroom1BR,1BA$750
MarkwoodMarkwood 2 Bedroom, 1.5 Bathroom2BR,1BA$750
Bear Garden Apartments1 bed, 1 bath Premium1BR,1BA$770
East Manor ApartmentsEast Manor 1 Bedroom, 1 Bathroom1BR,1BA$775
320 W Walnut StBack Corner1BR,1BA$795
Gazebo Apartments1 Bedroom Standard1BR,1BA$800
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$800

Best Value Apartments for Rent in Southwest Springfield, MO

As of August 02, 2026 the best value apartment in the Southwest Springfield area is the $0.61 price per square foot C2 | Three Bedroom Model at Vue on Walnut | Student Housing in the in the Central neighborhood starting from $839. The second greatest value Southwest Springfield apartment is the 2 Bed 2 Bath Model at South Valley Apartments starting at $1,099 with a $0.92 price per square foot in the Southwest Springfield neighborhood. 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.
Vue on Walnut | Student HousingC2 | Three Bedroom3BR,3BA$0.61
South Valley Apartments2 Bed 2 Bath2BR,2BA$0.92
Villages at Nathanael Greene2x22BR,2BA$1.08
Chesterfield Village3 Bedroom, 2 Bath3BR,2BA$1.05
Southwinds ApartmentsSouthwinds 2 Bedroom, 2 Bathroom2BR,2BA$0.86
Arrowhead2 Bedroom2BR,2BA$1.00
Chace Place2 Bedroom2BR,2BA$0.88
MarkwoodMarkwood 2 Bedroom, 1.5 Bathroom2BR,1.5BA$0.96
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$1.07
Bear Paw Commons2x12BR,1BA$1.07

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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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 $800.

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

The cheapest apartment in Southwest Springfield is Oakwood Townhomes which is listed at $700, while the average apartment in Southwest Springfield costs $1,075.

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 41 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 $479 which is $596 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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.