The 505 (MO)
505 E St Louis St,
Springfield, MO 65806
$568 - $10,118 Total Monthly Price
Studio - 4 Beds | 11 Month Lease
Area Guide
Downtown Springfield Springfield, MO
The heart of the Queen City of the Ozarks
Wooded
•
Museums
•
University
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 July 2026, the average apartment rent in Downtown Springfield is $813 for a studio, $1,283 for one bedroom, $1,256 for two bedrooms, and $1,529 for three bedrooms. Apartment rent in Downtown Springfield has increased by 1.2% in the past year.
-
Studio
-
601 sq ft
Average Sq Ft
-
$813/month
Average Rent
-
1 BR
-
937 sq ft
Average Sq Ft
-
$1,283/month
Average Rent
-
2 BR
-
1,000 sq ft
Average Sq Ft
-
$1,256/month
Average Rent
-
3 BR
-
1,268 sq ft
Average Sq Ft
-
$1,529/month
Average Rent
Learn More About Downtown Springfield
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Downtown Springfield - Springfield, MO is for everyday living.
Fairly Walkable
Walkability
50
/ 100
Limited Public Transit
Transit
30
/ 100
Moderately Drivable
Drivability
60
/ 100
Moderately Bikeable
Bikeability
70
/ 100
Daily Essentials
Downtown Springfield - Springfield, MO offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 15 Minute Walk
Groceries
60
/ 100
Great Restaurant Variety Nearby
Restaurants
80
/ 100
Great Café Variety Nearby
Cafes
80
/ 100
Good Variety of Shops Nearby
Shopping
70
/ 100
Recreation
Downtown Springfield - Springfield, MO provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
70
/ 100
Fair Wellness Amenity Variety Nearby
Wellness
40
/ 100
Local Vibe
Get a sense of what it’s like to live in Downtown Springfield - Springfield, MO from everyday activity to noise and nightlife.
Vibrant Atmosphere at Times
Vibrancy
40
/ 100
Exceptional Nightlife Variety Nearby
Nightlife
90
/ 100
Fairly Noisy
Quiet Score
70
/ 100
Scores provided by
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
Top Apartments in Downtown Springfield
Houses for Rent in Downtown Springfield
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
Nearby Neighborhood Guides
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.