Most Affordable Neighborhoods in Springfield, MO

Some of the cheapest neighborhoods in Springfield are West Central, Ravenwood, and Rountree Area. These neighborhoods offer some of the lowest rent prices in Springfield, making them ideal for renters on a budget. As of April 2, 2025, the average rent in Springfield is $868, which is 4.9% 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

$744/Month

Year-Over-Year Rent Change

2.1%

TransitScore® Rating

0/100

Units Available

27 Rentals

When you’re looking for a great Springfield neighborhood on a budget, check out West Central. The average rent is $744, compared to the city average of $868. Rent prices have increased by 2.1%. West Central is convenient to Carter Retail, Dickerson Park Zoo, and Rutledge-Wilson Farm Park. The community is somewhat walkable with a WalkScore® of 69.

Ravenwood

Average Rent

$802/Month

TransitScore® Rating

0/100

Units Available

3 Rentals

Ravenwood is an affordable neighborhood in Springfield with an average rent price of $802. Compare this to the city average of $868. Ravenwood provides easy access to Springfield-Branson Ntl, Southgate Shopping Center, and Evangel University. It’s a somewhat walkable neighborhood with a WalkScore® of 54.

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 $868. In the last year, prices have increased by 1.9%. Rountree Area is near Dickerson Park Zoo, Springfield-Greene County Botanical Center, and Missouri State University.

Phelps

Average Rent

$822/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 $822 while the city average is $868. Residents enjoy convenient access to Evangel University, Missouri State University, and Dickerson Park Zoo. The neighborhood is considered walkable with a WalkScore® of 72.

West Springfield

Average Rent

$830/Month

Year-Over-Year Rent Change

6.2%

TransitScore® Rating

0/100

Units Available

8 Rentals

When you’re looking for a great Springfield neighborhood on a budget, check out West Springfield. The average rent is $830, compared to the city average of $868. Rent prices have increased by 6.2%. West Springfield is convenient to Springfield-Branson Ntl, Springfield-Greene County Botanical Center, and Fantastic Caverns. The community is car-dependent with a WalkScore® of 26.

East Springfield

Average Rent

$865/Month

Year-Over-Year Rent Change

3.9%

TransitScore® Rating

0/100

Units Available

35 Rentals

East Springfield is an affordable neighborhood in Springfield with an average rent price of $865. Compare this to the city average of $868. In the past year, rent prices have increased by 3.9%. East Springfield provides easy access to Ozarks Tech. C.C., Springfield, Evangel University, and Wonders of Wildlife. It’s a car-dependent neighborhood with a WalkScore® of 44.

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 $868. In the last year, prices have increased by 0%. Cooper Estates is near Springfield-Greene County Botanical Center, Drury University, and Dickerson Park Zoo.

Walnut Street

Average Rent

$891/Month

Year-Over-Year Rent Change

0.8%

TransitScore® Rating

0/100

Units Available

25 Rentals

Walnut Street is a top choice for budget-conscious renters for a variety of reasons. The average rent in Walnut Street is $891 while the city average is $868. This is a 0.8% difference from last year. Residents enjoy convenient access to Wonders of Wildlife, Archie Griffin Strip Center, and Carter Retail. The neighborhood is considered walkable with a WalkScore® of 72.

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 $868. Midtown Springfield is convenient to Ozarks Tech. C.C., Springfield, Dickerson Park Zoo, and Springfield-Greene County Botanical Center. The community is somewhat walkable with a WalkScore® of 58.

Southern Hills

Average Rent

$943/Month

Year-Over-Year Rent Change

3.7%

TransitScore® Rating

0/100

Units Available

18 Rentals

Southern Hills is an affordable neighborhood in Springfield with an average rent price of $943. Compare this to the city average of $868. In the past year, rent prices have increased by 3.7%. Southern Hills provides easy access to Drury University, Ozarks Tech. C.C., Springfield, and Regency Center. It’s a somewhat walkable neighborhood with a WalkScore® of 53.

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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.