Most Affordable Neighborhoods in Springfield, MO

Some of the cheapest neighborhoods in Springfield are Meador Park Estates, East Springfield, and Walnut Street. These neighborhoods offer some of the lowest rent prices in Springfield, making them ideal for renters on a budget. As of October 28, 2025, the average rent in Springfield is $898, which is 3.7% 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.

Meador Park Estates

Average Rent

$760/Month

Units Available

11 Rentals

Meador Park Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Meador Park Estates is $760 while the city average is $898. Residents enjoy convenient access to 1155 E Battlefield, Drury University, and Discovery Center of Springfield.

East Springfield

Average Rent

$787/Month

Year-Over-Year Rent Change

3.6%

TransitScore® Rating

0/100

Units Available

27 Rentals

When you’re looking for a great Springfield neighborhood on a budget, check out East Springfield. The average rent is $787, compared to the city average of $898. Rent prices have increased by 3.6%. East Springfield is convenient to Drury University, Ozarks Tech. C.C., Springfield, and Evangel University. The community is car-dependent with a WalkScore® of 44.

Walnut Street

Average Rent

$810/Month

Year-Over-Year Rent Change

0.1%

TransitScore® Rating

0/100

Units Available

13 Rentals

Walnut Street is an affordable neighborhood in Springfield with an average rent price of $810. Compare this to the city average of $898. In the past year, rent prices have increased by 0.1%. Walnut Street provides easy access to Gri Center, Wonders of Wildlife, and Evangel University. It’s a walkable neighborhood with a WalkScore® of 72.

Country Club Terrace

Average Rent

$858/Month

Units Available

27 Rentals

If you’re looking for a great, affordable neighborhood in Springfield, Country Club Terrace might be the perfect place! It has an average rent price of $858, while the city’s average stands at $898. Country Club Terrace is near Discovery Center of Springfield, Drury University, and Springfield Conservation Nature Center.

High Meadow Estates

Average Rent

$860/Month

Units Available

11 Rentals

High Meadow Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in High Meadow Estates is $860 while the city average is $898. Residents enjoy convenient access to Springfield Conservation Nature Center, Wonders of Wildlife, and Medical Mile Plaza.

Southern Hills

Average Rent

$875/Month

Year-Over-Year Rent Change

14.9%

TransitScore® Rating

0/100

Units Available

25 Rentals

When you’re looking for a great Springfield neighborhood on a budget, check out Southern Hills. The average rent is $875, compared to the city average of $898. Rent prices have increased by 14.9%. Southern Hills is convenient to Evangel University, Drury University, and Wonders of Wildlife. The community is somewhat walkable with a WalkScore® of 53.

North Springfield

Average Rent

$883/Month

Year-Over-Year Rent Change

6.4%

TransitScore® Rating

40/100

Units Available

45 Rentals

North Springfield is an affordable neighborhood in Springfield with an average rent price of $883. Compare this to the city average of $898. In the past year, rent prices have increased by 6.4%. North Springfield provides easy access to Ozarks Tech. C.C., Springfield, Ozark Bluffs Shopping Center, and Wonders of Wildlife. It’s a somewhat walkable neighborhood with a WalkScore® of 64.

West Village

Average Rent

$928/Month

TransitScore® Rating

0/100

Units Available

10 Rentals

If you’re looking for a great, affordable neighborhood in Springfield, West Village might be the perfect place! It has an average rent price of $928, while the city’s average stands at $898. West Village is near Four Springs Shopping Center, Westwood Center, and Springfield Conservation Nature Center.

Cambridge Terrace

Average Rent

$959/Month

Units Available

17 Rentals

Cambridge Terrace is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cambridge Terrace is $959 while the city average is $898. Residents enjoy convenient access to Springfield-Branson Ntl, Evangel University, and Drury University.

West Central

Average Rent

$1,007/Month

Year-Over-Year Rent Change

4.1%

TransitScore® Rating

0/100

Units Available

23 Rentals

When you’re looking for a great Springfield neighborhood on a budget, check out West Central. The average rent is $1,007, compared to the city average of $898. Rent prices have increased by 4.1%. West Central is convenient to Ozarks Tech. C.C., Springfield, Wedgewood Shopping Center, and Carter Retail. The community is somewhat walkable with a WalkScore® of 69.

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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.