Cheap Apartments for Rent in the Sherman Avenue Neighborhood of Springfield, MO from $500 (17 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Alexandria Apartments
2 Bedroom Apartments

Alexandria Apartments

1230 E McDaniel StSpringfield, MO 65802
  • Utilities Included
close
View Me
Stove Works Lofts
1 Bedroom Apartments

Stove Works Lofts

505 N Jefferson AveSpringfield, MO 65806
  • Utilities Included
close
View Me
Founders Park Lofts
Studio to 3 Bedroom Apartments

Founders Park Lofts

331 E Water StSpringfield, MO 65806
  • Utilities Included

Sherman Avenue, Springfield, MO Local Guide

Cheapest Available Sherman Avenue Apartments for Rent

 

The cheapest available apartment rental in the Sherman Avenue area of Springfield, MO is a 4 Beds unit found at Park East - The U priced from $615. Greenway Studios has the second lowest priced unit, which is a Studio apartment currently listed from $655. Here are the most affordable Sherman Avenue apartments for rent in Springfield, MO:

Apartment ListingModel NameBed/BathPriced From
Park East - The UThe Drake4BR,4BA$615
Greenway StudiosStudioStudio,1BA$655
El Chaparral ApartmentsEl Chaparral 1 Bedroom, 1 Bathroom1BR,1BA$695
Park East - The SterlingThe Miller1BR,1BA$699
Silver Springs Apartments2 Bed2BR,1BA$770

Best Value Apartments for Rent in Sherman Avenue, MO

As of March 22, 2025 the best value apartment in the Sherman Avenue area is the $0.81 price per square foot 225-200 E Blaine St Model at 225-200 E Blaine St, Unit 200 in the in the Woodland Heights neighborhood starting from $2,200. The second greatest value Sherman Avenue apartment is the 4x4 Boulder E Model at Aspen Heights Springfield starting at $790 with a $0.50 price per square foot in the Central neighborhood. Here is today’s list of the best values for Sherman Avenue apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
225-200 E Blaine St, Unit 200225-200 E Blaine St3BR,2.5BA$0.81
Aspen Heights Springfield4x4 Boulder E4BR,4BA$0.50
Artifacts Warehouse Lofts3 Bedroom3BR,2BA$1.20
Heers Luxury Living1 Bedroom ADA1BR,1BA$1.50
Silver Springs Apartments2 Bed2BR,1.5BA$0.92
Elevate Student Living - Deep ElmD12BR,2BA$0.97
Park East - Sky ElevenHunt1BR,1BA$1.30
El Chaparral ApartmentsRenovated 1 Bedroom, 1 Bathroom1BR,1BA$1.63
Park East - The UThe Terrazo1BR,1BA$1.84
Park East - CrescoHubble1BR,1BA$2.01

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Sherman Avenue, Springfield, MO

Ranked #27

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Sherman Avenue Apartments

What is a cheap apartment in Sherman Avenue?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Sherman Avenue is under $1,365.

What is the price of a cheap apartment in Sherman Avenue?

The cheapest apartment in Sherman Avenue is El Chaparral Apartments which is listed at $695, while the average apartment in Sherman Avenue costs $895.

What types of apartments are the cheapest in Sherman Avenue?

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 4,556 regular apartments in Sherman Avenue 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 Sherman Avenue?

Cheap apartments in Sherman Avenue have an average cost of $618 which is $277 cheaper than the average rent for all rentals in Sherman Avenue.

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.