Cheap Apartments for Rent in Springfield, IL from $400 (64 Rentals)

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property at 400 W Allen St

400 W Allen St

SpringfieldIL62704
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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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Springfield, IL Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Springfield, IL

Pricing Updated: 04/09/2025

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$975$55043
Enos Park$995$55042

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 $646. 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$646
Safe Harbor PropertiesStudioStudio,1BA$675
Denison PlaceOne Bedroom1BR,1BA$675
Butler Place2 Beds, 1 Baths2BR,1BA$695
Cedar Point ApartmentsEfficiencyStudio,1BA$750
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$799
Koke Mill Apartments1 Bedroom1BR,1BA$825

Best Value Apartments for Rent in Springfield, IL

As of April 09, 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 C1 Model at Spring Creek Townhomes starting at $1,297 with a $1.00 price per square foot . 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
Spring Creek TownhomesC13BR,1.5BA$1.00
515 E Vine St, Unit 515 E Vine Apt B515 E Vine St2BR,1BA$0.73
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
Denison PlaceOne Bedroom1BR,1BA$0.84
Butler Place2 Beds, 1 Baths2BR,1BA$0.87
CandlesA11BR,1BA$1.10
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Safe Harbor Properties1st Floor Level1BR,1BA$1.17

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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.

Best Local Schools in
Springfield, IL

School data provided by Great Schools

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

Explore Springfield, IL Rentals by Map

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See the most popular apartments and homes in Springfield, IL

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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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $646.

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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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.