Cheap Homes for Rent in Springfield, IL from $400 (36 Rentals)

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Springfield, IL Local Guide

Cheapest Neighborhoods for Apartments in Springfield, IL

Pricing Updated: 04/16/2025

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$975$55040

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 $640. 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$640
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

Best Value Apartments for Rent in Springfield, IL

As of April 16, 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 B1 Model at Spring Creek Townhomes starting at $1,137 with a $0.95 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 TownhomesB12BR,1.5BA$0.95
515 E Vine St, Unit 515 E Vine Apt B515 E Vine St2BR,1BA$0.73
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
Meadow View Landing2 Bedroom/1 Bath2BR,1BA$1.05
1221 W Washington St, Unit 21221 W Washington St2BR,1BA$1.02
831 S Grand Ave W, Unit 2831 S Grand Ave W1BR,1BA$0.91
Denison PlaceOne Bedroom1BR,1BA$0.84
Butler Place2 Beds, 1 Baths2BR,1BA$0.87
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06

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Frequently Asked Questions about Springfield

What type of rentals are currently available in Springfield?

There are currently 197 Apartments for Rent in Springfield, IL with pricing that ranges from $550 to $2,930. There are also 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springfield ranging from $495 to $3,500.

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 $495 to $3,500 with an average monthly rent of $1,327.

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 $975 to $1,975, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $800.

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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Know Your Rights - How Discrimination Laws Impact Landlords & 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.

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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.