Cheapest Neighborhoods in Springfield, MO
Some of the cheapest neighborhoods in Springfield are Chamberlains Estates, Walnut Street, and Village West. These neighborhoods offer some of the lowest rent prices in Springfield, making them ideal for renters on a budget. As of July 27, 2026, the average rent in Springfield is $923, which is 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.
Chamberlains Estates
Average Rent
$781/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Springfield, Chamberlains Estates might be the perfect place! It has an average rent price of $781, while the city’s average stands at $923.
Walnut Street
Average Rent
$854/Month
Year-Over-Year Rent Change
0.1%
Units Available
28 Rentals
Walnut Street is a top choice for budget-conscious renters for a variety of reasons. The average rent in Walnut Street is $854 while the city average is $923. This is a 0.1% difference from last year. Residents enjoy convenient access to Ozarks Tech. C.C., Springfield, Discovery Center of Springfield, and 837-843 S Glenstone Ave.
Village West
Average Rent
$858/Month
Units Available
13 Rentals
When you’re looking for a great Springfield neighborhood on a budget, check out Village West. The average rent is $858, compared to the city average of $923.
Woodsboro Estates
Average Rent
$858/Month
Units Available
13 Rentals
Woodsboro Estates is an affordable neighborhood in Springfield with an average rent price of $858. Compare this to the city average of $923.
East Springfield
Average Rent
$867/Month
Year-Over-Year Rent Change
4.3%
Units Available
45 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 $867, while the city’s average stands at $923. In the last year, prices have increased by 4.3%. East Springfield is near 2730 E Chesnut Expy, Discovery Center of Springfield, and Wonders of Wildlife.
Golden Heights
Average Rent
$869/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 $869 while the city average is $923.
Phelps
Average Rent
$877/Month
Units Available
12 Rentals
When you’re looking for a great Springfield neighborhood on a budget, check out Phelps. The average rent is $877, compared to the city average of $923. Phelps is convenient to 1700 Campbell, Dickerson Park Zoo, and Wedgewood Shopping Center.
Southern Gates
Average Rent
$905/Month
Units Available
17 Rentals
Southern Gates is an affordable neighborhood in Springfield with an average rent price of $905. Compare this to the city average of $923.
High Meadow Estates
Average Rent
$923/Month
Units Available
20 Rentals
If you’re looking for a great, affordable neighborhood in Springfield, High Meadow Estates might be the perfect place! It has an average rent price of $923, while the city’s average stands at $923.
Country Club Terrace
Average Rent
$930/Month
Units Available
28 Rentals
Country Club Terrace is a top choice for budget-conscious renters for a variety of reasons. The average rent in Country Club Terrace is $930 while the city average is $923.
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.