Cheap Apartments for Rent in Springfield, IL from $400 (57 Rentals)

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

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

property at 1847 Truman Rd

1847 Truman Rd

SpringfieldIL62703
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2925 Taylor Ave
1 Bedroom Apartments

2925 Taylor Ave

2925 Taylor AveSpringfield, IL 62703
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2501-2621 Bluebird St
1 Bedroom Apartments

2501-2621 Bluebird St

2501-2621 Bluebird StSpringfield, IL 62703
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University Villa
Studio to 2 Bedroom Apartments

University Villa

407 W Calhoun AveSpringfield, IL 62702
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Timberlake Estates
1 to 2 Bedroom Apartments

Timberlake Estates

2423 Taylor AveSpringfield, IL 62703
Senior Living
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Dorset Apartments
1 Bedroom Apartments

Dorset Apartments

1017-1021 S Spring StSpringfield, IL 62704
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632 S Walnut St
1 Bedroom Apartments

632 S Walnut St

632 S Walnut StSpringfield, IL 62704
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Boysenberry Village
1 to 2 Bedroom Apartments

Boysenberry Village

2312 Boysenberry LnSpringfield, IL 62711
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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
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Centre @ 501 Apartments
1 to 2 Bedroom Apartments

Centre @ 501 Apartments

501 E Capitol AveSpringfield, IL 62701
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Park West 217-546-7575
1 to 2 Bedroom Apartments

Park West 217-546-7575

2225 Old Jacksonville RdSpringfield, IL 62704
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Ash Street
2 Bedroom Apartments

Ash Street

1306-1312 W Ash StSpringfield, IL 62704
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Fox Run Village
1 to 2 Bedroom Apartments

Fox Run Village

2600-2721 Fox Run DrSpringfield, IL 62704
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811 Reisch
1 Bedroom Apartments

811 Reisch

811 Reisch StSpringfield, IL 62702
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Monroe Gardens
1 to 2 Bedroom Apartments

Monroe Gardens

850 S Durkin DrSpringfield, IL 62704
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SHP at Governor Place
1 to 2 Bedroom Apartments

SHP at Governor Place

1021 W Governor StSpringfield, IL 62704
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Pine Woods Apartments
1 to 3 Bedroom Apartments

Pine Woods Apartments

1665 Seven Pines RdSpringfield, IL 62704
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Springfield, IL Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Springfield, IL

Pricing Updated: 04/29/2025

Current apartment rentals in the Springfield, IL 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
Downtown Springfield$1,037$57533
Enos Park$1,037$57531

Cheapest Available Springfield Apartments for Rent

 

The cheapest available apartment rental in Springfield, IL is a Studio unit found at The Hickcox Collection in the Downtown Springfield neighborhood priced from $634. Safe Harbor Properties in the Downtown Springfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here is today’s list of the most affordable Springfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Hickcox CollectionThe HickoxStudio,1BA$634
Safe Harbor PropertiesStudioStudio,1BA$675
Denison PlaceOne Bedroom1BR,1BA$675
Butler Place2 Beds, 1 Baths2BR,1BA$695
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
Cedar Point ApartmentsEfficiencyStudio,1BA$750
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$799
Whispering Pines ApartmentsSpacious & Stylish Living at Whispering Pines –...1BR,1BA$825
Lake Pointe ApartmentsOne Bedroom1BR,1BA$830
Ravenwood TownhomesTownhome2BR,1BA$875

Best Value Apartments for Rent in Springfield, IL

As of April 29, 2025 the best value apartment in the Springfield area is the $0.92 price per square foot 2 Bedroom 2 Bath Model at Prairie Vista in the starting from $1,200. The second greatest value Springfield apartment is the 515 E Vine St Model at 515 E Vine St, Unit 515 E Vine Apt B starting at $875 with a $0.73 price per square foot in the Downtown 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.
Prairie Vista2 Bedroom 2 Bath2BR,2BA$0.92
515 E Vine St, Unit 515 E Vine Apt B515 E Vine St2BR,1BA$0.73
318 S State St, Unit 1318 S State St2BR,1BA$0.85
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
118 N Glenwood Ave, Unit C118 N Glenwood Ave1BR,1BA$1.00
1221 W Washington St, Unit 21221 W Washington St2BR,1BA$1.06
Butler Place2 Beds, 1 Baths2BR,1BA$0.87
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Denison PlaceOne Bedroom1BR,1BA$0.84
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07

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Springfield Overview

Springfield apartments abound in the capital city of Illinois. You will have your pick from basic to the most luxurious apartments available anywhere. You’ll find plenty to do in the city itself, but you’re still not too far from rural towns if you ever need a little elbow room.

Why live in Springfield, IL?

With all the places you could live in the world, it can be a daunting task to know where to put down roots. One of the benefits of Springfield is that you’re in the center of the United States. Whether you want to head to the east coast, west coast, the deep south or somewhere in the northland, you won’t have as far to go. You’ll be far enough south to have milder winters without having to forfeit the enjoyment of four seasons. A very historic setting makes for an inspiring place to live and work. Apartments in Springfield give you the perfect opportunity to get the most out of life in the area.

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

Explore Springfield, IL Rentals by Map

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Getting Around Springfield, IL

Walk Score®

50 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

30 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Springfield Apartments

What is the Cheapest Studio apartment in Springfield?

Currently the most affordable Cheap Studio Apartment in Springfield is at The Hickcox Collection listed at $634.

How much is rent for a Cheap One Bedroom Springfield Apartment?

The lowest price for a Cheap One Bedroom Springfield Apartment is $675 at Denison Place.

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

Today's best deal for a Cheap Two Bedroom Apartment in Springfield is starting from $695 at Butler Place.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.