True Cost of Renting in Springfield, MO
Springfield is the Queen City of the Ozarks — Missouri's third-largest city, home to Missouri State University (24,000 students) and the global headquarters of Bass Pro Shops. The city has one of Missouri's most affordable rental markets and a growing healthcare sector anchored by CoxHealth and Mercy Hospital.
Neighborhoods & Average Rents
Commercial Street (C-Street)
- Studio:
- $650/mo
- 1 Bed:
- $850/mo
- 2 Bed:
- $1,200/mo
Springfield's arts and antique corridor along Commercial Street north of Downtown; eclectic restaurants, galleries, and vintage shops in renovated historic buildings. Empire District Electric (Algonquin Power). Street parking free. Springfield's most vibrant urban neighborhood at affordable prices.
Downtown / Jordan Valley
- Studio:
- $600/mo
- 1 Bed:
- $800/mo
- 2 Bed:
- $1,100/mo
Central business district with growing residential loft conversion; Jordan Valley Park and Landers Theater nearby. CityLink bus hub. Most walkable area in Springfield. Lower rents than C-Street with similar Downtown proximity.
Near Missouri State / Drury
- Studio:
- $550/mo
- 1 Bed:
- $750/mo
- 2 Bed:
- $1,050/mo
Student neighborhood adjacent to Missouri State University and Drury University campuses; apartment complexes and single-family rentals. High turnover in May. Springfield's most affordable rental area with university proximity.
Utility Providers
- Electric
- City Utilities of Springfield
- Water
- City Utilities of Springfield
- Internet
- Spectrum, AT&T Internet, CenturyLink
Commute & Transportation
Springfield is at the junction of I-44 (east-west through Missouri) and US-65 (north-south). Kansas City is 160 miles northwest; St Louis is 210 miles northeast. The Springfield-Branson National Airport (SGF) serves American, Delta, and United connections. No passenger rail. City Utilities provides bus service (CityLink) but frequency is limited. Major employers: CoxHealth (largest employer, 8,000+), Mercy Hospital, Bass Pro Shops/Sportsman's Warehouse (HQ), Missouri State University (3,000+ employees), and O'Reilly Auto Parts (HQ).
Rental Market Overview
Springfield offers some of the lowest rents in Missouri. City Utilities (municipal) provides both electric and water at competitive rates. The city's Ozarks location and cultural conservatism make it a lifestyle fit for a specific renter profile, but the cost advantages are real: 1BR apartments at $800–950 in quality neighborhoods. Bass Pro Shops' headquarters creates corporate employment beyond retail. The healthcare sector (CoxHealth + Mercy) is a significant stable employer. O'Reilly Auto Parts' presence means corporate logistics and finance employment beyond the retail footprint.
Data last updated: 2026-04
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