Cheap Apartments for Rent in the Southwest Springfield Neighborhood of Springfield, MO from $400 (137 Rentals)

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

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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

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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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 Timbers priced from $725. Chace Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Southwest Springfield apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
TimbersTimbers 1 Bedroom, 1 Bathroom1BR,1BA$725
Chace Place1 Bedroom1BR,1BA$750
Bear Garden Apartments1 bed, 1 bath Premium1BR,1BA$770
Gazebo Apartments1 Bedroom Standard1BR,1BA$800
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$800
308 Madison2/12BR,1BA$825
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$825
TSHTSH 2 Bedroom, 2 Bathroom2BR,2BA$825
Coryell CommonsAshlynStudio,1BA$844
Park Place1.1 second floor upgraded1BR,1BA$850

Best Value Apartments for Rent in Southwest Springfield, MO

As of June 18, 2026 the best value apartment in the Southwest Springfield area is the $0.58 price per square foot 3 Bedroom, 1.5 Bathroom Townhome Model at Oakwood Townhomes in the in the Northwest neighborhood starting from $950. 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.
Oakwood Townhomes3 Bedroom, 1.5 Bathroom Townhome3BR,1.5BA$0.58
South Valley Apartments2 Bed 2 Bath2BR,2BA$0.92
Willow Creek2 Bedroom, 2 Bathroom2BR,2BA$1.01
308 Madison2/12BR,1BA$0.87
TSHTSH 2 Bedroom, 2 Bathroom2BR,2BA$0.89
Arrowhead2 Bedroom2BR,2BA$1.00
Vue on Walnut | Student HousingB1 | Two Bedroom2BR,2BA$0.94
Chace Place2 Bedroom2BR,2BA$0.88
Stonewood ApartmentsStonewood 2 Bedroom2BR,1BA$0.98
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$0.89

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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Best Local Schools in
Southwest Springfield, Springfield, MO

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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 $850.

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 $2,000.

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 29 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 $636 which is $1,364 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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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.