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
Cambridge Terrace is an affordable neighborhood in Springfield with an average rent price of $796. Compare this to the city average of $908. Cambridge Terrace provides easy access to Dickerson Park Zoo, Ozarks Tech. C.C., Springfield, and Drury University.
Southern Hills
Average Rent
$804/Month
Year-Over-Year Rent Change
12.2%
TransitScore® Rating
0/100
Units Available
18 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 $804, while the city’s average stands at $908. In the last year, prices have increased by 12.2%. Southern Hills is near Evangel University, Rutledge-Wilson Farm Park, and 3405 E Battlefield.
East Springfield
Average Rent
$834/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
0/100
Units Available
29 Rentals
East Springfield is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Springfield is $834 while the city average is $908. This is a 3.2% difference from last year. Residents enjoy convenient access to Dickerson Park Zoo, Cimarron Center, and Wonders of Wildlife. The neighborhood is considered car-dependent with a WalkScore® of 44.
High Meadow Estates
Average Rent
$836/Month
Units Available
24 Rentals
When you’re looking for a great Springfield neighborhood on a budget, check out High Meadow Estates. The average rent is $836, compared to the city average of $908. High Meadow Estates is convenient to Battlefield Market Place, Missouri State University, and Ozarks Tech. C.C., Springfield.
Walnut Street
Average Rent
$855/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
0/100
Units Available
16 Rentals
Walnut Street is an affordable neighborhood in Springfield with an average rent price of $855. Compare this to the city average of $908. In the past year, rent prices have increased by 0.7%. Walnut Street provides easy access to Dickerson Park Zoo, Drury University, and Carter Retail. It’s a walkable neighborhood with a WalkScore® of 72.
Village West
Average Rent
$859/Month
Units Available
17 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 $859, while the city’s average stands at $908. Village West is near Wonders of Wildlife, Wilson's Creek National Battlefield, and The Corner Shopping Center.
Golden Heights
Average Rent
$859/Month
Units Available
17 Rentals
Golden Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Golden Heights is $859 while the city average is $908. Residents enjoy convenient access to Missouri State University, Discovery Center of Springfield, and Chesterfield Village.
West Village
Average Rent
$969/Month
TransitScore® Rating
0/100
Units Available
12 Rentals
When you’re looking for a great Springfield neighborhood on a budget, check out West Village. The average rent is $969, compared to the city average of $908. West Village is convenient to Missouri State University, Discovery Center of Springfield, and Four Springs Shopping Center. The community is somewhat walkable 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
West Central is an affordable neighborhood in Springfield with an average rent price of $1,000. Compare this to the city average of $908. In the past year, rent prices have increased by 1.9%. West Central provides easy access to Missouri State University, Dickerson Park Zoo, and Carter Retail. It’s a somewhat walkable neighborhood with a WalkScore® of 69.
Southwest Springfield
Average Rent
$1,052/Month
Year-Over-Year Rent Change
4.6%
TransitScore® Rating
0/100
Units Available
222 Rentals
If you’re looking for a great, affordable neighborhood in Springfield, Southwest Springfield might be the perfect place! It has an average rent price of $1,052, while the city’s average stands at $908. In the last year, prices have increased by 4.6%. Southwest Springfield is near Evangel University, One Parke Centre, and Ozarks Tech. C.C., Springfield.
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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.