Best Affordable Neighborhoods in Springfield, MO
Some of the cheapest neighborhoods in Springfield are East Springfield, Walnut Street, and Cambridge Terrace. These neighborhoods offer some of the lowest rent prices in Springfield, making them ideal for renters on a budget. As of January 27, 2026, the average rent in Springfield is $907, which is 3.5% 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.
East Springfield
Average Rent
$805/Month
Year-Over-Year Rent Change
4.2%
TransitScore® Rating
0/100
Units Available
24 Rentals
When you’re looking for a great Springfield neighborhood on a budget, check out East Springfield. The average rent is $805, compared to the city average of $907. Rent prices have increased by 4.2%. East Springfield is convenient to Missouri State University, Discovery Center of Springfield, and Springfield Conservation Nature Center. The community is car-dependent with a WalkScore® of 44.
Walnut Street
Average Rent
$811/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
0/100
Units Available
11 Rentals
Walnut Street is an affordable neighborhood in Springfield with an average rent price of $811. Compare this to the city average of $907. In the past year, rent prices have decreased by 0.5%. Walnut Street provides easy access to Springfield-Branson Ntl, Wonders of Wildlife, and Dickerson Park Zoo. It’s a walkable neighborhood with a WalkScore® of 72.
Cambridge Terrace
Average Rent
$811/Month
Units Available
14 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 $811, while the city’s average stands at $907. Cambridge Terrace is near Springfield-Greene County Botanical Center, Fox Grape Plaza, and Evangel University.
Southern Hills
Average Rent
$813/Month
Year-Over-Year Rent Change
12.1%
TransitScore® Rating
0/100
Units Available
20 Rentals
Southern Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southern Hills is $813 while the city average is $907. This is a 12.1% difference from last year. Residents enjoy convenient access to Wonders of Wildlife, Ozarks Tech. C.C., Springfield, and Springfield-Greene County Botanical Center. The neighborhood is considered somewhat walkable with a WalkScore® of 53.
High Meadow Estates
Average Rent
$816/Month
Units Available
31 Rentals
When you’re looking for a great Springfield neighborhood on a budget, check out High Meadow Estates. The average rent is $816, compared to the city average of $907. High Meadow Estates is convenient to Medical Mile Plaza, Springfield-Greene County Botanical Center, and Drury University.
Springfield Entertainment District
Average Rent
$868/Month
TransitScore® Rating
0/100
Units Available
12 Rentals
Springfield Entertainment District is an affordable neighborhood in Springfield with an average rent price of $868. Compare this to the city average of $907. Springfield Entertainment District provides easy access to Drury University, Glenstone Center, and Gri Center. It’s a walkable neighborhood with a WalkScore® of 70.
Village West
Average Rent
$876/Month
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Springfield, Village West might be the perfect place! It has an average rent price of $876, while the city’s average stands at $907. Village West is near Wilson's Creek National Battlefield, Ozarks Tech. C.C., Springfield, and Wonders of Wildlife.
Golden Heights
Average Rent
$878/Month
Units Available
15 Rentals
Golden Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Golden Heights is $878 while the city average is $907. Residents enjoy convenient access to Springfield-Greene County Botanical Center, The Corner Shopping Center, and Wilson's Creek National Battlefield.
West Central
Average Rent
$989/Month
Year-Over-Year Rent Change
1.4%
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 $989, compared to the city average of $907. Rent prices have increased by 1.4%. West Central is convenient to Dickerson Park Zoo, Ozarks Tech. C.C., Springfield, and Springfield-Greene County Botanical Center. The community is somewhat walkable with a WalkScore® of 69.
Southwest Springfield
Average Rent
$1,048/Month
Year-Over-Year Rent Change
5.4%
TransitScore® Rating
0/100
Units Available
223 Rentals
Southwest Springfield is an affordable neighborhood in Springfield with an average rent price of $1,048. Compare this to the city average of $907. In the past year, rent prices have increased by 5.4%. Southwest Springfield provides easy access to Discovery Center of Springfield, Ozarks Tech. C.C., Springfield, and Kansas Station. It’s a car-dependent neighborhood with a WalkScore® of 48.
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.