Cheap Apartments for Rent in the Downtown Springfield Neighborhood of Springfield, IL from $500 (37 Rentals)

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

property at 400 W Allen St

400 W Allen St

SpringfieldIL62704
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University Villa
Studio to 2 Bedroom Apartments

University Villa

407 W Calhoun AveSpringfield, IL 62702
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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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Dorset Apartments
1 Bedroom Apartments

Dorset Apartments

1017-1021 S Spring StSpringfield, IL 62704
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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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Ash Street
2 Bedroom Apartments

Ash Street

1306-1312 W Ash StSpringfield, IL 62704
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811 Reisch
1 Bedroom Apartments

811 Reisch

811 Reisch StSpringfield, IL 62702
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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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520 Illini Ct
1 Bedroom Apartments

520 Illini Ct

520 Illini CtSpringfield, IL 62704
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Showing Results 1-37, Page 1 of 1

Downtown Springfield, Springfield, IL Local Guide

Cheapest Available Downtown Springfield Apartments for Rent

 

The cheapest available apartment rental in the Downtown Springfield area of Springfield, IL is a Studio unit found at The Hickcox Collection priced from $642. Denison Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Downtown Springfield apartments for rent in Springfield, IL:

Apartment ListingModel NameBed/BathPriced From
The Hickcox CollectionThe HickoxStudio,1BA$642
Denison PlaceOne Bedroom1BR,1BA$675
Safe Harbor PropertiesStudioStudio,1BA$675
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$799
Whispering Pines ApartmentsSpacious & Stylish Living at Whispering Pines –...1BR,1BA$825
Smart Choice Park1 Bedroom Unit-Standard1BR,1BA$875

Best Value Apartments for Rent in Downtown Springfield, IL

As of April 14, 2025 the best value apartment in the Downtown Springfield area is the $0.73 price per square foot 515 E Vine St Model at 515 E Vine St, Unit 515 E Vine Apt B in the in the Downtown Springfield neighborhood starting from $875. The second greatest value Downtown Springfield apartment is the 2 Bedroom/1 Bath Model at Meadow View Landing starting at $950 with a $1.05 price per square foot in the Downtown Springfield neighborhood. Here is today’s list of the best values for Downtown Springfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
515 E Vine St, Unit 515 E Vine Apt B515 E Vine St2BR,1BA$0.73
Meadow View Landing2 Bedroom/1 Bath2BR,1BA$1.05
831 S Grand Ave W, Unit 2831 S Grand Ave W1BR,1BA$0.91
Denison PlaceOne Bedroom1BR,1BA$0.84
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Safe Harbor Properties1st Floor Level1BR,1BA$1.17
Smart Choice Park1 Bedroom Unit-Standard1BR,1BA$1.25
118 N Glenwood Ave, Unit B118 N Glenwood AveStudio ,1BA$1.33
913 N 7th St, Unit 2913 N 7th StStudio ,1BA$1.40
918 N 7th St, Unit C918 N 7th StStudio ,1BA$1.38

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Pet Friendly Lifestyle
Downtown Springfield, Springfield, IL

Ranked #1

Among neighborhoods in Springfield, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Downtown Springfield, Springfield, IL

School data provided by Great Schools

Getting Around the Downtown Springfield Neighborhood in Springfield, IL

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

76 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

49 / 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 Downtown Springfield Apartments

What is the Cheapest Studio apartment in Downtown Springfield?

Currently the most affordable Cheap Studio Apartment in Downtown Springfield is at The Hickcox Collection listed at $642.

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

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

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Springfield is starting from $925 at Safe Harbor Properties.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.