Cheap Apartments for Rent in 62703
37 rentals
- APPLY INSTANTLY
- PET FRIENDLY
Save Search in 62703
62703Get emails when new homes match this search
Apartments For Rent Near 62703
We found 30 more apartments matching your filters just outside 62703
- APPLY INSTANTLY
- APPLY INSTANTLYPET FRIENDLY
- APPLY INSTANTLYPET FRIENDLY
- APPLY INSTANTLY
- Total price$950 - $1,600/mo1-4 Beds1-2 BathsCedar Point Apartments | 1666 Seven Pines Rd #59df0adc7,
Springfield, IL 62704
Average Rent Trends in 62703
Rent in 62703 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,100 |
| Jul 2025 | $1,100 |
| Aug 2025 | $1,150 |
| Sep 2025 | $1,095 |
| Oct 2025 | $1,095 |
| Nov 2025 | $1,100 |
| Dec 2025 | $1,100 |
| Jan 2026 | $1,100 |
| Feb 2026 | $1,145 |
| Mar 2026 | $1,200 |
| Apr 2026 | $1,200 |
| May 2026 | $1,150 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $895 | $1,100 | $1,350 | $2,500 | $1,145 |
| Townhomes | — | $1,100 | — | — | $1,100 |
| Apartments and Condos | $850 | $1,200 | $1,300 | — | $1,092 |
| Houses | $975 | $1,100 | $1,300 | $2,500 | $1,295 |
Frequently Asked Questions about Rentals in 62703
- What is the average rent of an apartment in 62703?The average rent of an apartment in 62703 is $957 per month. This is about 50% lower than the national average.
- What is the average rent of a house in 62703?The average rent of a house in 62703 is $1,295 per month. This is about 33% lower than the national average.
- What is the average rent of a townhome in 62703?The average rent of a townhome in 62703 is $1,100 per month. This is about 43% lower than the national average.
- When is the average rent cheapest in 62703?In the last year, the average rent in 62703 was lowest in Sep 2025 when it was $1,095 per month.
- When is the average rent most expensive in 62703?In the last year, the average rent in 62703 was highest in Aug 2025 when it was $1,150 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 62703?The average rent of a 1 bedroom apartment in 62703 is $895 per month. That is about $95 more than the cost of a studio apartment.
- How many available rental listings are in 62703?There are 46 available rental listings in 62703.
- What are some cities near 62703?Some nearby cities include: Southern View, Springfield, Jerome, Leland Grove, Grandview, Clear Lake. These cities may have more rental options to explore.