Cheap Apartments for Rent in the University Heights Neighborhood of Springfield, MO from $300 (118 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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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 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 University Heights 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
320 W Walnut StBack Corner1BR,1BA$795
Gazebo Apartments1 Bedroom Standard1BR,1BA$800
Cherry Plaza2 Bedroom Units Available - Close to Downtown &...2BR,2BA$800
Rosewood Village2 Bedroom, 1 Bathroom2BR,1BA$815

Best Value Apartments for Rent in University Heights, MO

As of July 31, 2026 the best value apartment in the University Heights area is the $0.93 price per square foot 3BR/2.0BA Model at Artifacts Warehouse in the in the Central neighborhood starting from $1,475. The second greatest value University Heights apartment is the 2 Bed, 1.5 Bath Model at Forest Park Townhomes starting at $1,325 with a $0.87 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.
Artifacts Warehouse3BR/2.0BA3BR,2BA$0.93
Forest Park Townhomes2 Bed, 1.5 Bath2BR,1.5BA$0.87
Vue on Walnut | Student HousingC2 | Three Bedroom3BR,3BA$0.61
East Manor ApartmentsEast Manor 2 Bedroom, 1 Bathroom2BR,1BA$0.88
308 Madison2/12BR,1BA$0.87
Rosewood Village2 Bedroom, 1 Bathroom2BR,1BA$0.96
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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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 the Cheapest Studio apartment in University Heights?

Currently the most affordable Cheap Studio Apartment in University Heights is at Spirit Of St Louis Apartments listed at $820.

How much is rent for a Cheap One Bedroom University Heights Apartment?

The lowest price for a Cheap One Bedroom University Heights Apartment is $700 at Oakwood Townhomes.

What is the lowest price for a Cheap Two Bedroom University Heights Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University Heights is starting from $750 at Markwood.

What is the most affordable University Heights Three Bedroom Apartment?

The best deal on a cheap University Heights Three Bedroom Apartment rental is at Oakwood Townhomes and starts from $950.

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.