Cheap Homes for Rent in Springfield, OH from $700 (19 Rentals)

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Search the lowest-cost Homes available for rent right now in 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.

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.

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.

Springfield, OH Local Guide

Cheapest Neighborhoods for Apartments in Springfield, OH

Pricing Updated: 04/16/2026

Current apartment rentals in the Springfield, OH area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Springfield Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Cedar Hills Broadview Acres$1,345$7501
Springfield$1,534$64518

Cheapest Available Springfield Apartments for Rent

 

The cheapest available apartment rental in Springfield, OH is a 1 Bed unit found at Governor's Manor in the Springfield neighborhood priced from $725. Coventry Village in the Springfield neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $865. Here is today’s list of the most affordable Springfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Governor's Manor1 Bedroom1BR,1BA$725
Coventry VillageOne Bedroom One Bath1BR,1BA$865
Jeffrey PlaceJeffrey Place1BR,1BA$909
The Mason1 Bedroom1BR,1BA$1,000
Ashton MeadowsThe Daisy1BR,1BA$1,015

Best Value Apartments for Rent in Springfield, OH

As of April 16, 2026 the best value apartment in the Springfield area is the $1.37 price per square foot Bristol Model at Olympic Reserve Condominiums in the in the Springfield neighborhood starting from $1,865. The second greatest value Springfield apartment is the 3 Bedroom Model at Governor's Manor starting at $1,510 with a $1.21 price per square foot in the Springfield neighborhood. Here is today’s list of the best values for Springfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Olympic Reserve CondominiumsBristol3BR,2BA$1.37
Governor's Manor3 Bedroom3BR,2BA$1.21
Stone Crossing2 Bedroom, 1.5 Bath2BR,1.5BA$1.14
Northridge Apartments2BDGA2BR,1.5BA$1.43
5625 Twitchell Rd, Unit B5625 Twitchell Rd2BR,1BA$1.12
1681 Brentwood Dr, Unit 16811681 Brentwood Dr2BR,1BA$1.55
Coventry VillageOne Bedroom One Bath1BR,1BA$1.30
1105 W High St, Unit 1105 A1105 W High St1BR,1BA$1.27
The Mason1 Bedroom1BR,1BA$1.66
Jeffrey PlaceJeffrey Place1BR,1BA$1.65

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Springfield

What type of rentals are currently available in Springfield?

There are currently 198 Apartments for Rent in Springfield, OH with pricing that ranges from $645 to $1,921. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springfield ranging from $750 to $3,400.

What is the current price range for Rental Homes in Springfield?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Springfield ranges from $750 to $3,400 with an average monthly rent of $1,356.

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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.