Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Springfield area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $500 in Springfield, MO

1 - 18 of 18 Results
7
$439 - 489
University Park Apartments
Deal
2.9
1722 E Cherry St Springfield, MO
Studio - 1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Student
Pool
Rountree
20
$495
Private Bed/bath Student Rentals Near Msu, Downtown Springfield – Leasing Now!
450 E Walnut St Springfield, MO
1 BR | Available Now
Contact
1
$ Ask - 785
Spirit Of St Louis Apartments
1310 E St Springfield, MO
Studio | Jun. 22, 2026
Contact
In Unit Laundry
Walnut Street
13
$425 - 435
933 S Roanoke
Springfield, MO
1 BR | Available Now
Contact
Air Conditioning
4
$450
1230 W Thoman St
Springfield, MO
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
7
$500
1112 S. Florence
Springfield, MO
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
House
In Unit Laundry
6
$475
La La Lee Apartments
Deal
2029 S National Ave Springfield, MO
2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
Dishwasher
10
$500
675 S. Kimbrough
Springfield, MO
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
House
In Unit Laundry
9
$500
323 S. Florence
Springfield, MO
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
House
In Unit Laundry
10
$500
904-906 E. Delmar
Springfield, MO
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
House
In Unit Laundry
14
$475
910 S Campbell Ave
Springfield, MO
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Student
9
$500
450 E Walnut
Springfield, MO
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Storage
Dishwasher
1
$450 - 495
1110 E. Norton
Springfield, MO
1 BR | Ask for Availability
Contact
0
$500
1012 E. Walnut
Springfield, MO
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Student
Balcony/Deck/Patio
1
$450
1010 W. Locust
Springfield, MO
1 BR | Ask for Availability
Contact
Grant Beach
1
$450
2017 W. College & 2022 W. College
Springfield, MO
1 BR | Ask for Availability
Contact
$490
912 S Nettleton Ave
Springfield, MO
1 BR | Available Now
Contact
House
Air Conditioning
Storage
$495
221 S Broadway Ave
Springfield, MO
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
1 - 18 of 18 Results
  1. Home
  2. Springfield
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Springfield, MO on Rentable.co?

There are 18 apartments under $500 in Springfield currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Springfield?

Rentable.co has 170 studio apartments under $500 available for rent in Springfield.

How many one-bedroom apartments under $500 are available in Springfield?

Rentable.co has 430 one-bedroom apartments under $500 available for rent in Springfield.

How many two-bedroom apartments under $500 are available in Springfield?

Rentable.co has 437 two-bedroom apartments under $500 available for rent in Springfield.

Can I afford a apartment under $500 in Springfield, MO?

To comfortably afford a apartment under $500 in Springfield based on average rent prices, a household would need an annual income of $20,000.

Which neighborhoods have the most apartments under $500 for rent in Springfield, MO?

  1. Ravenwood
  2. Phelps Grove
  3. Walnut Street
  4. Cinnamon Square
  5. Grant Beach

Apartments Under $500 in Springfield, MO: May Rental Information

Welcome to the May 2026 Springfield Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2026 key findings and figures for the Springfield rental landscape.

Our experts analyze the inventory trends for apartments under $500 - overall market rent-distribution, availability by bedroom count, and month-over-month comparisons - in Springfield and surrounding areas. This summary also provides an insight into available features and amenities, as well as location options for apartments under $500 in Springfield. Whether you're a student, young professional, or someone on a budget, this report will help you find the most affordable rental options in Springfield.
0 7 15 22 30 <$500 $520 $560 $600 $640 $680 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280
This month, the typical cost to rent a one-bedroom apartment in Springfield stands at $850, with the majority falling between $500 and $1,320. Out of the 2,302 one-bedroom apartments currently on the market in Springfield, 31 are priced below $500, accounting for 1% of the total available one-bedroom units in Springfield.

Available Apartments Under $500: Springfield vs. Surrounding Areas

Springfield, MO
45
The chart above provides a snapshot of the number of available apartments under $500 in Springfield, MO and the surrounding cities as of May 2026. It includes data for Republic, Willard, Seymour, Mount Vernon, Nixa, Ozark, Battlefield, Marshfield, Pleasant Hope, Rogersville, Clever, Bolivar, and Strafford. Currently, there are 48 apartment units in the Springfield, MO metro area that fall within this price range. This information can help prospective renters in their search for affordable housing options in the region.

Apartments Under $500 Now vs. Last Month: Springfield and Surrounding Areas

City Apartments Under $500 in May M/M % Change
Springfield, MO 45 +0.98%
Willard, MO 1 +1.0%
Bolivar, MO 0 +1.0%

Looking for Apartments Under $500 in Springfield?

Available apartments under $500 1,208
Top amenities Controlled Access, Pool, Stainless Appliances, Keyless Entry
Deals 25
Pet friendly 206
Utilities included 21
Furnished 12
1 Bedroom 67
2 Bedroom 103
3 Bedroom 32
Square footage 449 - 1,598

Where are Springfield Apartments Under $500?

Top Neighborhoods Ravenwood, Phelps grove, Walnut street, Cinnamon square, Grant beach
Ravenwood 2
Phelps Grove 2
Walnut Street 2
Cinnamon Square 1
Grant Beach 1
Browse Springfield Apartments
Springfield Apartments by Neighborhood
Springfield Apartments by Bedrooms
Springfield Apartments by Affordability
Springfield Apartments with Amenities
Springfield Apartments by Type
Colleges Near Springfield
Springfield Apartments by Zip Code