Cheap Apartments for Rent in the University Heights Neighborhood of Springfield, MO from $350 (134 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University Heights 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 1073 S Grant Ave
$868 - $1,067
Studio To 1 Bedroom Rentals
Available Now
Affordability

1073 S Grant Ave

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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University Heights, Springfield, MO Local Guide

Cheapest Available University Heights Apartments for Rent

 

The cheapest available apartment rental in the University Heights area of Springfield, MO is a 1 Bed unit found at Markwood priced from $550. The U at Park East has the second lowest priced unit, which is a 4 Beds apartment currently listed from $630. Here are the most affordable University Heights apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
MarkwoodMarkwood 1 Bedroom, 1 Bathroom1BR,1BA$550
The U at Park East4BR/4BA - The Drake4BR,4BA$630
Forest Cove Apartments2x1 - Forest Cove2BR,1BA$650
Oakwood Townhomes1 Bedroom, 1 Bathroom Apartment1BR,1BA$700
2850-2862 S Rogers2 Beds, 1 Baths2BR,1BA$700
Seminole1 Bedroom, 1 Bath1BR,1BA$715
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$725
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR,1BA$725
TimbersTimbers 1 Bedroom, 1 Bathroom1BR,1BA$725
Chace Place1 Bedroom1BR,1BA$750

Best Value Apartments for Rent in University Heights, MO

As of September 14, 2026 the best value apartment in the University Heights area is the $0.80 price per square foot 4BR/2.0BA Model at Palace Hotel Lofts in the in the Central neighborhood starting from $1,750. The second greatest value University Heights apartment is the 3 Bed, 1.5 Bath Model at Forest Park Townhomes starting at $1,395 with a $0.91 price per square foot in the Northwest neighborhood. Here is today’s list of the best values for University Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Palace Hotel Lofts4BR/2.0BA4BR,2BA$0.80
Forest Park Townhomes3 Bed, 1.5 Bath3BR,1.5BA$0.91
Vue on Walnut | Student HousingC2 | Three Bedroom3BR,3BA$0.61
Campus CourtCampus Court 2 Bedroom, 1 Bath Townhome2BR,1BA$0.77
The 505 (MO)2 BEDROOM, 2 BATH2BR,2BA$0.70
TSHTSH 2 Bedroom, 2 Bathroom2BR,2BA$0.89
712 Flats2 Beds, 1.5 Baths2BR,1.5BA$0.85
Southwinds ApartmentsSouthwinds 1 Bedroom, 1 Bathroom1BR,1BA$0.90
Sky Eleven2BR/2BA - Gillioz2BR,2BA$0.90
The U at Park East2BR/2BA - The Sixty-One2BR,2BA$0.92

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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Pet Friendly Lifestyle
University Heights, Springfield, MO

Ranked #5

Among cities in Missouri for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
University Heights, Springfield, MO

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Missouri including University Heights, Springfield, and the greater Springfield area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, transit availability, pet-friendly communities, places to raise kids, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap University Heights Apartments

What is a cheap apartment in University Heights?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Heights is under $750.

What is the price of a cheap apartment in University Heights?

The cheapest apartment in University Heights is Markwood which is listed at $550, while the average apartment in University Heights costs $995.

What types of apartments are the cheapest in University Heights?

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 80 regular apartments in University Heights 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 University Heights?

Cheap apartments in University Heights have an average cost of $531 which is $464 cheaper than the average rent for all rentals in University Heights.

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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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.

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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.