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 an affordable neighborhood in Springfield with an average rent price of $760. Compare this to the city average of $898. Meador Park Estates provides easy access to Rutledge-Wilson Farm Park, Fremont Shopping Center, and Wonders of Wildlife.
East Springfield
Average Rent
$784/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
0/100
Units Available
28 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 $784, while the city’s average stands at $898. In the last year, prices have increased by 3.9%. East Springfield is near Discovery Center of Springfield, Springfield-Branson Ntl, and Evangel University.
Walnut Street
Average Rent
$810/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
0/100
Units Available
13 Rentals
Walnut Street is a top choice for budget-conscious renters for a variety of reasons. The average rent in Walnut Street is $810 while the city average is $898. This is a 0.1% difference from last year. Residents enjoy convenient access to Springfield-Greene County Botanical Center, Carter Retail, and Discovery Center of Springfield. The neighborhood is considered walkable with a WalkScore® of 72.
Country Club Terrace
Average Rent
$858/Month
Units Available
27 Rentals
When you’re looking for a great Springfield neighborhood on a budget, check out Country Club Terrace. The average rent is $858, compared to the city average of $898. Country Club Terrace is convenient to Springfield-Branson Ntl, Drury University, and Springfield-Greene County Botanical Center.
High Meadow Estates
Average Rent
$860/Month
Units Available
11 Rentals
High Meadow Estates is an affordable neighborhood in Springfield with an average rent price of $860. Compare this to the city average of $898. High Meadow Estates provides easy access to Medical Mile Plaza, Rutledge-Wilson Farm Park, and Discovery Center of Springfield.
Southern Hills
Average Rent
$875/Month
Year-Over-Year Rent Change
14.9%
TransitScore® Rating
0/100
Units Available
25 Rentals
If you’re looking for a great, affordable neighborhood in Springfield, Southern Hills might be the perfect place! It has an average rent price of $875, while the city’s average stands at $898. In the last year, prices have increased by 14.9%. Southern Hills is near Regency Center, Evangel University, and Drury University.
North Springfield
Average Rent
$883/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
0/100
Units Available
45 Rentals
North Springfield is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Springfield is $883 while the city average is $898. This is a 2.6% difference from last year. Residents enjoy convenient access to Rutledge-Wilson Farm Park, Discovery Center of Springfield, and Fantastic Caverns. The neighborhood is considered car-dependent with a WalkScore® of 36.
West Village
Average Rent
$928/Month
TransitScore® Rating
0/100
Units Available
10 Rentals
When you’re looking for a great Springfield neighborhood on a budget, check out West Village. The average rent is $928, compared to the city average of $898. West Village is convenient to Rutledge-Wilson Farm Park, Evangel University, and Kansas Station. The community is somewhat walkable with a WalkScore® of 67.
Cambridge Terrace
Average Rent
$959/Month
Units Available
17 Rentals
Cambridge Terrace is an affordable neighborhood in Springfield with an average rent price of $959. Compare this to the city average of $898. Cambridge Terrace provides easy access to Discovery Center of Springfield, Springfield Conservation Nature Center, and Missouri State University.
West Central
Average Rent
$997/Month
Year-Over-Year Rent Change
4.1%
TransitScore® Rating
0/100
Units Available
24 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 $997, while the city’s average stands at $898. In the last year, prices have increased by 4.1%. West Central is near Wedge Wood Square, Dickerson Park Zoo, and Carter Retail.
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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.