
Cheap Apartments for Rent in the Downtown Springfield Neighborhood of Springfield, MO from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Springfield area of Springfield.


SoEl District Lofts

Spirit of St. Louis

Park East - Cresco

400 Place

The Dale
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.
Downtown Springfield, Springfield, MO Local Guide

How much does it cost to rent an apartment in Downtown Springfield?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Springfield Studio Apartments | $983 | $799 | $1,118 |
Downtown Springfield 1 Bedroom Apartments | $930 | $660 | $1,385 |
Downtown Springfield 2 Bedroom Apartments | $1,162 | $680 | $3,000 |
Downtown Springfield 3 Bedroom Apartments | $1,447 | $550 | $2,097 |
Downtown Springfield 4 Bedroom Apartments | $939 | $599 | $2,580 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Springfield Neighborhood of Springfield, MO.
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Downtown Springfield, Springfield, MO Local Guide
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Cheapest Available Downtown Springfield Apartments for Rent
 The cheapest available apartment rental in the Downtown Springfield area of Springfield, MO is a 4 Beds unit found at Park East - The U priced from $615. Park East - The Sterling has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Downtown Springfield apartments for rent in Springfield, MO:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Park East - The U | The Drake | 4BR,4BA | $615 |
Park East - The Sterling | The Miller | 1BR,1BA | $699 |
Embassy Apartments | Embassy Apartments - Close to MSU, Downtown Spf... | 2BR,1BA | $775 |
Park East - Sky Eleven | Hunt | 1BR,1BA | $799 |
SoEl District Lofts | Studio/1 Bath/Floorplan B | Studio,1BA | $799 |
Best Value Apartments for Rent in Downtown Springfield, MO
As of April 17, 2025 the best value apartment in the Downtown Springfield area is the $1.19 price per square foot Penthouse Model at 400 Place in the in the Central neighborhood starting from $3,000. The second greatest value Downtown Springfield apartment is the 509 W Olive St Model at 509 W Olive St, Unit 204 starting at $1,750 with a $1.06 price per square foot in the Central 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. |
---|---|---|---|
400 Place | Penthouse | 2BR,1BA | $1.19 |
509 W Olive St, Unit 204 | 509 W Olive St | 2BR,2BA | $1.06 |
Parkway Townhouses | 3 Bed 2 Bath | 3BR,2BA | $1.18 |
Artifacts Warehouse Lofts | 3 Bedroom | 3BR,2BA | $1.20 |
Wilhoit Plaza Lofts | 3 Bedroom 2 Bath | 3BR,2BA | $0.92 |
Embassy Apartments | Embassy Apartments - Close to MSU, Downtown Spf... | 2BR,1BA | $0.87 |
Aspen Heights Springfield | 2x2 Frisco A/B | 2BR,2BA | $0.92 |
Elevate Student Living - Deep Elm | D1 | 2BR,2BA | $0.97 |
Park East - Sky Eleven | Hunt | 1BR,1BA | $1.30 |
Park East - The U | The Terrazo | 1BR,1BA | $1.84 |
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Pet Friendly LifestyleDowntown Springfield, Springfield, MO
Ranked #24
Among neighborhoods in Springfield, MO for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Downtown Springfield Neighborhood in Springfield, MO
Walk Score®
90 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
84 / 100
Very Bikeable
Biking is convenient for most trips
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 a cheap apartment in Downtown Springfield?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Springfield is under $1,500.
What is the price of a cheap apartment in Downtown Springfield?
The cheapest apartment in Downtown Springfield is Park East - The Sterling which is listed at $699, while the average apartment in Downtown Springfield costs $3,690.
What types of apartments are the cheapest in Downtown Springfield?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 88 regular apartments in Downtown Springfield that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Springfield?
Cheap apartments in Downtown Springfield have an average cost of $623 which is $3,067 cheaper than the average rent for all rentals in Downtown Springfield.
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.

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.

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.

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.

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.