Cheap Apartments for Rent in 62704
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1-4 Beds
1-2 BathsCedar Point Apartments | 1666 Seven Pines Rd #59df0adc7,
Springfield, IL 62704
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Average Rent Trends in 62704
Rent in 62704 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Nov 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $950 |
| Jul 2025 | $1,013 |
| Aug 2025 | $1,050 |
| Sep 2025 | $975 |
| Oct 2025 | $1,050 |
| Nov 2025 | $1,080 |
| Dec 2025 | $1,000 |
| Jan 2026 | $1,100 |
| Feb 2026 | $1,150 |
| Mar 2026 | $1,145 |
| Apr 2026 | $1,089 |
| May 2026 | $1,155 |
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 | $800 | $1,150 | $1,600 | $1,600 | $1,150 |
| Townhomes | — | $1,050 | — | — | $1,050 |
| Apartments and Condos | $800 | $1,100 | $1,305 | — | $950 |
| Houses | $1,200 | $1,200 | $1,850 | $1,400 | $1,700 |
Frequently Asked Questions about Rentals in 62704
- What is the average rent of an apartment in 62704?The average rent of an apartment in 62704 is $1,063 per month. This is about 45% lower than the national average.
- What is the average rent of a house in 62704?The average rent of a house in 62704 is $1,700 per month. This is about 12% lower than the national average.
- What is the average rent of a townhome in 62704?The average rent of a townhome in 62704 is $1,050 per month. This is about 46% lower than the national average.
- When is the average rent cheapest in 62704?In the last year, the average rent in 62704 was lowest in Apr 2025 when it was $950 per month.
- When is the average rent most expensive in 62704?In the last year, the average rent in 62704 was highest in Nov 2025 when it was $1,080 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 62704?The average rent of a 1 bedroom apartment in 62704 is $800 per month. That is about $200 more than the cost of a studio apartment.
- How many available rental listings are in 62704?There are 62 available rental listings in 62704.
- What are some cities near 62704?Some nearby cities include: Leland Grove, Jerome, Springfield, Southern View, Grandview, Curran. These cities may have more rental options to explore.