Most Affordable Neighborhoods in Springfield, MO

Some of the cheapest neighborhoods in Springfield are West Central, West Springfield, and Phelps. These neighborhoods offer some of the lowest rent prices in Springfield, making them ideal for renters on a budget. As of April 24, 2025, the average rent in Springfield is $869, which is 3.9% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.

West Central

Average Rent

$733/Month

Year-Over-Year Rent Change

1.8%

TransitScore® Rating

0/100

Units Available

29 Rentals

West Central is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Central is $733 while the city average is $869. This is a 1.8% difference from last year. Residents enjoy convenient access to Wedge Wood Square, Wonders of Wildlife, and Rutledge-Wilson Farm Park. The neighborhood is considered somewhat walkable with a WalkScore® of 69.

West Springfield

Average Rent

$751/Month

Year-Over-Year Rent Change

2.6%

TransitScore® Rating

0/100

Units Available

10 Rentals

When you’re looking for a great Springfield neighborhood on a budget, check out West Springfield. The average rent is $751, compared to the city average of $869. Rent prices have increased by 2.6%. West Springfield is convenient to Orchard Plaza, Springfield-Branson Ntl, and Iron Grain District Shopping Center. The community is car-dependent with a WalkScore® of 26.

Phelps

Average Rent

$761/Month

TransitScore® Rating

0/100

Units Available

4 Rentals

Phelps is an affordable neighborhood in Springfield with an average rent price of $761. Compare this to the city average of $869. Phelps provides easy access to Wonders of Wildlife, Dickerson Park Zoo, and Streetscape Retail. It’s a walkable neighborhood with a WalkScore® of 72.

Rountree Area

Average Rent

$815/Month

Year-Over-Year Rent Change

1%

TransitScore® Rating

0/100

Units Available

4 Rentals

If you’re looking for a great, affordable neighborhood in Springfield, Rountree Area might be the perfect place! It has an average rent price of $815, while the city’s average stands at $869. In the last year, prices have increased by 1%. Rountree Area is near Missouri State University, Drury University, and Evangel University.

East Springfield

Average Rent

$829/Month

Year-Over-Year Rent Change

3.6%

TransitScore® Rating

0/100

Units Available

41 Rentals

East Springfield is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Springfield is $829 while the city average is $869. This is a 3.6% difference from last year. Residents enjoy convenient access to Eastgate Plaza, Missouri State University, and Springfield-Branson Ntl. The neighborhood is considered car-dependent with a WalkScore® of 44.

Walnut Street

Average Rent

$853/Month

Year-Over-Year Rent Change

0.8%

TransitScore® Rating

0/100

Units Available

26 Rentals

When you’re looking for a great Springfield neighborhood on a budget, check out Walnut Street. The average rent is $853, compared to the city average of $869. Rent prices have increased by 0.8%. Walnut Street is convenient to Missouri State University, Dickerson Park Zoo, and Springfield-Branson Ntl. The community is walkable with a WalkScore® of 72.

Cooper Estates

Average Rent

$880/Month

TransitScore® Rating

0/100

Units Available

3 Rentals

Cooper Estates is an affordable neighborhood in Springfield with an average rent price of $880. Compare this to the city average of $869. In the past year, rent prices have increased by 0%. Cooper Estates provides easy access to Lurvey Center, Springfield Conservation Nature Center, and Springfield-Greene County Botanical Center. It’s a car-dependent neighborhood with a WalkScore® of 17.

Southern Hills

Average Rent

$909/Month

Year-Over-Year Rent Change

16.8%

TransitScore® Rating

0/100

Units Available

19 Rentals

If you’re looking for a great, affordable neighborhood in Springfield, Southern Hills might be the perfect place! It has an average rent price of $909, while the city’s average stands at $869. In the last year, prices have increased by 16.8%. Southern Hills is near Regency Center, Springfield-Greene County Botanical Center, and Springfield Conservation Nature Center.

Downtown Springfield

Average Rent

$912/Month

Year-Over-Year Rent Change

7.7%

TransitScore® Rating

0/100

Units Available

78 Rentals

Downtown Springfield is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Springfield is $912 while the city average is $869. This is a -7.7% difference from last year. Residents enjoy convenient access to Discovery Center of Springfield, Evangel University, and Springfield-Branson Ntl. The neighborhood is considered walkable with a WalkScore® of 90.

Midtown Springfield

Average Rent

$915/Month

TransitScore® Rating

0/100

Units Available

2 Rentals

When you’re looking for a great Springfield neighborhood on a budget, check out Midtown Springfield. The average rent is $915, compared to the city average of $869. Midtown Springfield is convenient to Discovery Center of Springfield, Springfield-Branson Ntl, and Wonders of Wildlife. The community is somewhat walkable with a WalkScore® of 58.

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Methodology

Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.

We've combined this data with public records to provide the most current rental information available.