
Cheap Homes for Rent in Springfield, SD from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Springfield.


101 W Wisconsin St

223 N Main St

828 W 2nd Ave

105 E Dartmouth St

1020 E 1st Ave
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.

218 E National St

623 S Edmunds St

903 Kingwood St

234 Elmwood Ave

623 E Hanson Ave

120 W Dartmouth St
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.
Springfield, SD Local Guide

How much does it cost to rent a home in Springfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Springfield 2 Bedroom Homes for Rent | $1,698 | $850 | $3,850 |
| Springfield 3 Bedroom Homes for Rent | $1,610 | $850 | $3,595 |
| Springfield 4 Bedroom Homes for Rent | $1,525 | $1,150 | $2,150 |
| Springfield 5 Bedroom Homes for Rent | $1,700 | $1,700 | $1,700 |
Browse Top Homes for Rent in Springfield
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Springfield, SD Local Guide
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Cheapest Available Springfield Apartments for Rent and Nearby
 The cheapest available apartment rental in Springfield, SD is a 1 Bed unit found at Forty One Flats priced from $510. Copper Flats has the second lowest priced unit, which is a 2 Beds apartment currently listed from $621. Here is today’s list of the most affordable Springfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $510 |
| Copper Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $621 |
| Saracen Courts | Unit 404 | 1BR,1BA | $690 |
| Autumn Grove Apartments | 1 Bedroom | 1BR,1BA | $695 |
| Erin Apartments | 2 Beds, 1 bath | 2BR,1BA | $750 |
Best Value Apartments for Rent in Springfield, SD and Nearby
As of May 08, 2026 the best value apartment in the Springfield area is the $1.01 price per square foot Outlook Model at Wheatridge Apartments & Townhomes in the starting from $1,400. The second greatest value Springfield apartment is the 2 Beds, 1 bath Model at 414 W Phillip Ave starting at $1,450 with a $1.16 price per square foot . Here is today’s list of the best values for Springfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wheatridge Apartments & Townhomes | Outlook | 2BR,2BA | $1.01 |
| 414 W Phillip Ave | 2 Beds, 1 bath | 2BR,1BA | $1.16 |
| Foxtail Creek Townhomes | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.29 |
| Boulder Creek Apartments | 2bd/2ba Remodel | 2BR,2BA | $1.18 |
| 41st Street Commons | b4 | 2BR,1.5BA | $1.21 |
| The Apartment Place | 1BR/1BA | 1BR,1BA | $1.07 |
| Copper Flats | 2 Bedroom 1 Bathroom | 2BR,2BA | $0.78 |
| PLUM VILLA | Unit B | 2BR,1BA | $1.25 |
| Forty One Flats | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.85 |
| Autumn Grove Apartments | 1 Bedroom | 1BR,1BA | $1.16 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
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 56 Apartments for Rent in Springfield, SD with pricing that ranges from $605 to $2,380. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springfield ranging from $775 to $3,850.
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 $775 to $3,850 with an average monthly rent of $1,518.
How much are larger Three and Four Bedroom Rentals in Springfield?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Springfield range from $1,000 to $2,380, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,595. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $1,400.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.

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.