Most Affordable Neighborhoods in Springfield, MO
Some of the cheapest neighborhoods in Springfield are Southern Hills, Rountree Area, and Phelps. These neighborhoods offer some of the lowest rent prices in Springfield, making them ideal for renters on a budget. As of March 2, 2025, the average rent in Springfield is $860, 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.
Southern Hills
Average Rent
$804/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
0/100
Units Available
19 Rentals
Southern Hills is an affordable neighborhood in Springfield with an average rent price of $804. Compare this to the city average of $860. In the past year, rent prices have increased by 1.3%. Southern Hills provides easy access to Drury University, Regency Center, and 3405 E Battlefield. It’s a somewhat walkable neighborhood with a WalkScore® of 53.
Rountree Area
Average Rent
$815/Month
Year-Over-Year Rent Change
1.9%
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 $860. In the last year, prices have increased by 1.9%. Rountree Area is near Springfield-Branson Ntl, Missouri State University, and Discovery Center of Springfield.
Phelps
Average Rent
$842/Month
TransitScore® Rating
0/100
Units Available
2 Rentals
Phelps is a top choice for budget-conscious renters for a variety of reasons. The average rent in Phelps is $842 while the city average is $860. Residents enjoy convenient access to Evangel University, Wonders of Wildlife, and Ozarks Tech. C.C., Springfield. The neighborhood is considered walkable with a WalkScore® of 72.
East Springfield
Average Rent
$849/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
0/100
Units Available
34 Rentals
When you’re looking for a great Springfield neighborhood on a budget, check out East Springfield. The average rent is $849, compared to the city average of $860. Rent prices have increased by 2.9%. East Springfield is convenient to Springfield Conservation Nature Center, Drury University, and Eastgate Plaza. The community is car-dependent with a WalkScore® of 44.
West Springfield
Average Rent
$879/Month
Year-Over-Year Rent Change
6.2%
TransitScore® Rating
0/100
Units Available
9 Rentals
West Springfield is an affordable neighborhood in Springfield with an average rent price of $879. Compare this to the city average of $860. In the past year, rent prices have increased by 6.2%. West Springfield provides easy access to Evangel University, Fantastic Caverns, and Missouri State University. It’s a car-dependent neighborhood with a WalkScore® of 26.
Cooper Estates
Average Rent
$885/Month
TransitScore® Rating
0/100
Units Available
2 Rentals
If you’re looking for a great, affordable neighborhood in Springfield, Cooper Estates might be the perfect place! It has an average rent price of $885, while the city’s average stands at $860. In the last year, prices have increased by 0%. Cooper Estates is near Springfield-Greene County Botanical Center, Springfield-Branson Ntl, and Lurvey Plaza.
West Central
Average Rent
$895/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
0/100
Units Available
44 Rentals
West Central is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Central is $895 while the city average is $860. This is a 1.9% difference from last year. Residents enjoy convenient access to Springfield-Branson Ntl, Missouri State University, and Discovery Center of Springfield. The neighborhood is considered somewhat walkable with a WalkScore® of 69.
Walnut Street
Average Rent
$901/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
0/100
Units Available
23 Rentals
When you’re looking for a great Springfield neighborhood on a budget, check out Walnut Street. The average rent is $901, compared to the city average of $860. Rent prices have increased by 0.9%. Walnut Street is convenient to Discovery Center of Springfield, Dickerson Park Zoo, and Evangel University. The community is walkable with a WalkScore® of 72.
Grant Beach
Average Rent
$925/Month
TransitScore® Rating
0/100
Units Available
1 Rentals
Grant Beach is an affordable neighborhood in Springfield with an average rent price of $925. Compare this to the city average of $860. Grant Beach provides easy access to Hil-Cres Shopping Center, Dickerson Park Zoo, and Discovery Center of Springfield. It’s a somewhat walkable neighborhood with a WalkScore® of 58.
Downtown Springfield
Average Rent
$968/Month
Year-Over-Year Rent Change
6.8%
TransitScore® Rating
0/100
Units Available
109 Rentals
If you’re looking for a great, affordable neighborhood in Springfield, Downtown Springfield might be the perfect place! It has an average rent price of $968, while the city’s average stands at $860. In the last year, prices have increased by 6.8%. Downtown Springfield is near Ozarks Tech. C.C., Springfield, Dickerson Park Zoo, and Gri Center.
Ready to make your move to Springfield? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.