
Cheap Homes for Rent in Downtown Springfield Neighborhood of Springfield, IL from $700 (22 Rentals)
Cheap Homes in the Downtown Springfield area of Springfield.


619 S Walnut St

124 N Parker Ave

711 W Governor St

110 S Grand Ave W

419 N 1st St

333 S Douglas Ave, Unit 4

1729 S 1st St

131 S Douglas Ave

1616 S 7th St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

824 E Ridgely Ave

1912 S 2nd St

2103 S 17th St

1104 N 13th St

1920 S 7th St

649 W Vine St

1412 S College St

1024 3 S College St

619 S 5th St

1710 E Moffat Ave
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

1715 Clay St

423 E Keys Ave
Downtown Springfield, Springfield, IL Local Guide

How much does it cost to rent a home in Downtown Springfield?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Springfield 2 Bedroom Homes for Rent | $1,011 | $700 | $1,245 |
Downtown Springfield 3 Bedroom Homes for Rent | $1,294 | $1,000 | $1,950 |
Downtown Springfield 4 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
Downtown Springfield 5 Bedroom Homes for Rent | $1,309 | $844 | $1,775 |
Browse Homes for Rent in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Downtown Springfield Neighborhood of Springfield, IL.
Explore Springfield
Downtown Springfield, Springfield, IL Local Guide
- Nearby Springfield neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $628. Safe Harbor Properties has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Downtown Springfield apartments for rent in Springfield, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Hickcox Collection | The Hickox | Studio,1BA | $628 |
Safe Harbor Properties | Studio | Studio,1BA | $675 |
Denison Place | One Bedroom | 1BR,1BA | $675 |
Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $799 |
Whispering Pines Apartments | Spacious & Stylish Living at Whispering Pines –... | 1BR,1BA | $825 |
Best Value Apartments for Rent in Downtown Springfield, IL
As of May 08, 2025 the best value apartment in the Downtown Springfield area is the $0.78 price per square foot 102 S Glenwood Ave Model at 102 S Glenwood Ave, Unit Bottom Unit in the in the Downtown Springfield neighborhood starting from $875. The second greatest value Downtown Springfield apartment is the 318 S State St Model at 318 S State St, Unit 1 starting at $860 with a $0.81 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
102 S Glenwood Ave, Unit Bottom Unit | 102 S Glenwood Ave | 2BR,1BA | $0.78 |
318 S State St, Unit 1 | 318 S State St | 2BR,1BA | $0.81 |
118 N Glenwood Ave, Unit C | 118 N Glenwood Ave | 1BR,1BA | $1.00 |
1221 W Washington St, Unit 2 | 1221 W Washington St | 2BR,1BA | $1.06 |
3TEN | B1 | 2BR,1BA | $1.12 |
Denison Place | One Bedroom | 1BR,1BA | $0.84 |
Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
Smart Choice Park | 1 Bedroom Unit-Standard | 1BR,1BA | $1.25 |
Meadow View Landing | 1 Bedroom/1 Bath | 1BR,1BA | $1.26 |
Safe Harbor Properties | Studio | Studio ,1BA | $1.08 |
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.
Frequently Asked Questions about Downtown Springfield
What type of rentals are currently available in Downtown Springfield?
There are currently 102 Apartments for Rent in Downtown Springfield, IL with pricing that ranges from $575 to $2,940. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Springfield ranging from $700 to $1,950.
What is the current price range for Rental Homes in Downtown Springfield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Springfield ranges from $700 to $1,950 with an average monthly rent of $1,071.
How much are larger Three and Four Bedroom Rentals in Downtown Springfield?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Springfield range from $975 to $1,199, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,620.
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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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.

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.