Best Affordable Neighborhoods in Springfield, MO

Some of the cheapest neighborhoods in Springfield are Southern Hills, Walnut Street, 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 28, 2026, the average rent in Springfield is $906, which is 1.3% 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

$818/Month

Year-Over-Year Rent Change

0.3%

Units Available

16 Rentals

Southern Hills is an affordable neighborhood in Springfield with an average rent price of $818. Compare this to the city average of $906. In the past year, rent prices have decreased by 0.3%. Southern Hills provides easy access to Battlefield Towers, Ozarks Tech. C.C., Springfield, and Rutledge-Wilson Farm Park.

Walnut Street

Average Rent

$854/Month

Year-Over-Year Rent Change

1.9%

Units Available

28 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 $854, while the city’s average stands at $906. In the last year, prices have increased by 1.9%. Walnut Street is near Wonders of Wildlife, Gri Center, and Springfield-Greene County Botanical Center.

Rountree Area

Average Rent

$864/Month

Year-Over-Year Rent Change

1.1%

Units Available

10 Rentals

Rountree Area is a top choice for budget-conscious renters for a variety of reasons. The average rent in Rountree Area is $864 while the city average is $906. This is a -1.1% difference from last year. Residents enjoy convenient access to Dickerson Park Zoo, Wonders of Wildlife, and Springfield-Greene County Botanical Center.

Phelps

Average Rent

$868/Month

Units Available

13 Rentals

When you’re looking for a great Springfield neighborhood on a budget, check out Phelps. The average rent is $868, compared to the city average of $906. Phelps is convenient to Streetscape Retail, Missouri State University, and Springfield-Greene County Botanical Center.

West Central

Average Rent

$938/Month

Year-Over-Year Rent Change

0.9%

Units Available

73 Rentals

West Central is an affordable neighborhood in Springfield with an average rent price of $938. Compare this to the city average of $906. In the past year, rent prices have increased by 0.9%. West Central provides easy access to Springfield-Greene County Botanical Center, Ozarks Tech. C.C., Springfield, and Drury University.

East Springfield

Average Rent

$951/Month

Year-Over-Year Rent Change

3.8%

Units Available

59 Rentals

If you’re looking for a great, affordable neighborhood in Springfield, East Springfield might be the perfect place! It has an average rent price of $951, while the city’s average stands at $906. In the last year, prices have increased by 3.8%. East Springfield is near Habersham Center, Ozarks Tech. C.C., Springfield, and Wonders of Wildlife.

Downtown Springfield

Average Rent

$1,033/Month

Year-Over-Year Rent Change

6.6%

Units Available

84 Rentals

Downtown Springfield is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Springfield is $1,033 while the city average is $906. This is a 6.6% difference from last year. Residents enjoy convenient access to Carter Retail, Springfield-Branson Ntl, and Gri Center.

Southwest Springfield

Average Rent

$1,045/Month

Year-Over-Year Rent Change

0.3%

Units Available

230 Rentals

When you’re looking for a great Springfield neighborhood on a budget, check out Southwest Springfield. The average rent is $1,045, compared to the city average of $906. Rent prices have increased by 0.3%. Southwest Springfield is convenient to Discovery Center of Springfield, Wonders of Wildlife, and Ozarks Tech. C.C., Springfield.

Southeast Springfield

Average Rent

$1,053/Month

Year-Over-Year Rent Change

1%

Units Available

129 Rentals

Southeast Springfield is an affordable neighborhood in Springfield with an average rent price of $1,053. Compare this to the city average of $906. In the past year, rent prices have increased by 1%. Southeast Springfield provides easy access to Springfield-Branson Ntl, Evangel University, and Primrose Marketplace.

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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.