The 505 (MO)
505 E St Louis St,
Springfield, MO 65806
$590 - $2,400
Studio - 4 Beds
Downtown Springfield
Springfield, MO
Downtown Springfield - Springfield, MO
Area Guide
The heart of the Queen City of the Ozarks
Wooded
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Museums
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University
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Nightlife
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Artistic
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Known as the as the Queen City of the Ozarks, Springfield merges city living with pastoral life. When locals aren’t enjoying the woods, rivers, and lakes in nearby state parks, you’ll find them in Downtown Springfield. Downtown Springfield borders the Missouri State University campus, while Drury University, Evangel University, and several other schools are just a short drive away. The heart of the city is a bustling hub filled with breweries, theaters, nightclubs, coffee shops, boutiques, art galleries, and more. Cheer on the Springfield Cardinals at Hammons Field, go ice skating at Jordan Valley Park, or explore museums like the Discovery Center of Springfield. Second Saturday Artwalks and beer festivals are just two examples of Springfield’s lively special events. Similar to its abundance of amenities, Downtown Springfield has a variety of rental options for every style and budget. You’ll find converted lofts, student apartments, modern condos, and two-family buildings.
Rent Trends
As of January 2026, the average apartment rent in Downtown Springfield is $808 for a studio, $1,267 for one bedroom, $1,249 for two bedrooms, and $1,457 for three bedrooms. Apartment rent in Downtown Springfield has decreased by -0.3% in the past year.
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Studio
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601 sq ft
Average Sq Ft
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$808/month
Average Rent
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1 BR
-
939 sq ft
Average Sq Ft
-
$1,267/month
Average Rent
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2 BR
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1,003 sq ft
Average Sq Ft
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$1,249/month
Average Rent
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3 BR
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1,212 sq ft
Average Sq Ft
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$1,457/month
Average Rent
Transportation
90
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
84
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- Discovery Center of Springfield
- Wonders of Wildlife
- Dickerson Park Zoo
- Springfield-Greene County Botanical Center
- Rutledge-Wilson Farm Park
Airports
- Springfield-Branson Ntl
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.