Best Affordable Neighborhoods in Springfield, MO
Some of the cheapest neighborhoods in Springfield are Cambridge Terrace, Southern Hills, and East Springfield. These neighborhoods offer some of the lowest rent prices in Springfield, making them ideal for renters on a budget. As of March 14, 2026, the average rent in Springfield is $908, which is 3.4% 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.
Cambridge Terrace
Average Rent
$796/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Springfield, Cambridge Terrace might be the perfect place! It has an average rent price of $796, while the city’s average stands at $908. Cambridge Terrace is near Wonders of Wildlife, Missouri State University, and 3405 E Battlefield.
Southern Hills
Average Rent
$804/Month
Year-Over-Year Rent Change
12.2%
TransitScore® Rating
0/100
Units Available
18 Rentals
Southern Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southern Hills is $804 while the city average is $908. This is a 12.2% difference from last year. Residents enjoy convenient access to Drury University, Springfield Conservation Nature Center, and Wonders of Wildlife. The neighborhood is considered somewhat walkable with a WalkScore® of 53.
East Springfield
Average Rent
$834/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
0/100
Units Available
29 Rentals
When you’re looking for a great Springfield neighborhood on a budget, check out East Springfield. The average rent is $834, compared to the city average of $908. Rent prices have increased by 3.2%. East Springfield is convenient to Missouri State University, Springfield-Branson Ntl, and Habersham Center. The community is car-dependent with a WalkScore® of 44.
High Meadow Estates
Average Rent
$836/Month
Units Available
24 Rentals
High Meadow Estates is an affordable neighborhood in Springfield with an average rent price of $836. Compare this to the city average of $908. High Meadow Estates provides easy access to Medical Mile Plaza, Battlefield Market Place, and Springfield Conservation Nature Center.
Walnut Street
Average Rent
$855/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
0/100
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Springfield, Walnut Street might be the perfect place! It has an average rent price of $855, while the city’s average stands at $908. In the last year, prices have increased by 0.7%. Walnut Street is near Discovery Center of Springfield, Carter Retail, and Evangel University.
Village West
Average Rent
$859/Month
Units Available
17 Rentals
Village West is a top choice for budget-conscious renters for a variety of reasons. The average rent in Village West is $859 while the city average is $908. Residents enjoy convenient access to Ozarks Tech. C.C., Springfield, Republic Plaza, and The Corner Shopping Center.
Golden Heights
Average Rent
$859/Month
Units Available
17 Rentals
When you’re looking for a great Springfield neighborhood on a budget, check out Golden Heights. The average rent is $859, compared to the city average of $908. Golden Heights is convenient to Springfield-Greene County Botanical Center, The Corner Shopping Center, and Missouri State University.
West Village
Average Rent
$969/Month
TransitScore® Rating
0/100
Units Available
12 Rentals
West Village is an affordable neighborhood in Springfield with an average rent price of $969. Compare this to the city average of $908. West Village provides easy access to Discovery Center of Springfield, Evangel University, and Kansas Station. It’s a somewhat walkable neighborhood with a WalkScore® of 67.
West Central
Average Rent
$1,000/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
0/100
Units Available
29 Rentals
If you’re looking for a great, affordable neighborhood in Springfield, West Central might be the perfect place! It has an average rent price of $1,000, while the city’s average stands at $908. In the last year, prices have increased by 1.9%. West Central is near Springfield-Greene County Botanical Center, Rutledge-Wilson Farm Park, and Evangel University.
Southwest Springfield
Average Rent
$1,052/Month
Year-Over-Year Rent Change
4.6%
TransitScore® Rating
0/100
Units Available
222 Rentals
Southwest Springfield is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southwest Springfield is $1,052 while the city average is $908. This is a 4.6% difference from last year. Residents enjoy convenient access to Kansas Station, Kansas Plaza, and Ozarks Tech. C.C., Springfield. The neighborhood is considered car-dependent with a WalkScore® of 48.
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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.