5+ Days Ago
Location
503 East Redwood Street, Springfield, Missouri 65807, United States
Tour 503 East Redwood Street
Contact
Pillar Property Management
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Property Overview
Located in a vibrant neighborhood, the property offers excellent access to local amenities, with 129 restaurants and 196 mixed-use spaces within walking distance. It features proximity to top-rated schools, enhancing its appeal. The presence of 11 photos provides a comprehensive view for potential renters, while its value per square foot places it in the 80.95 percentile compared to similar properties in the area.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Elementary school nearby
- More space
Great for
Social life
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 503 East Redwood Street
503 East Redwood Street cost $975 per month. Located at 503 East Redwood Street, Springfield, Missouri 65807, United States, this unit has 2 bedrooms and 2 bathrooms. Based on the average rent price of 2 bedrooms in Springfield, renting this apartment is 11% cheaper per month.Other available apartments to lease near Springfield around the same price include but are not limited to: 1401 Frosty Drive
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 503 East Redwood Street compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.3 mile away
- Elementary school nearby
- There is an elementary school 0.4 mile away
- More space
- The 2-bedroom is 115 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
Address details
| Zip code | 65807 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Springfield
2-bedroom apartments at 503 East Redwood Street cost about 11% less than the average rent price for 2-bedroom apartments in Springfield.
Median rents as of Jan 17 2026.
Springfield
| Month | Median Rent |
|---|---|
| February 2024 | $972 |
| March 2024 | $1,021 |
| April 2024 | $1,067 |
| May 2024 | $1,035 |
| June 2024 | $959 |
| July 2024 | $977 |
| August 2024 | $984 |
| September 2024 | $961 |
| October 2024 | $950 |
| November 2024 | $993 |
| December 2024 | $1,042 |
| January 2025 | $1,030 |
| February 2025 | $1,022 |
| March 2025 | $1,069 |
| April 2025 | $1,082 |
| May 2025 | $1,066 |
| June 2025 | $1,070 |
| July 2025 | $1,090 |
| August 2025 | $1,068 |
| September 2025 | $1,014 |
| October 2025 | $1,030 |
| November 2025 | $1,034 |
| December 2025 | $1,082 |
| January 2026 | $1,073 |
Affordability calculator
Can I afford to live at 503 East Redwood Street?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$39,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $39,000 annually to afford this 2-bedrooms monthly rent price of $975.
For more information on rent affordability, visit our rent calculator.
Schools near 503 East Redwood Street
Horace Mann Elementary School
3745 s broadway
springfield, MO, 65807
PK, K-5Public
B-
Shady Dell Early Childhood Center
2757 e division
springfield, MO, 65803
PKPublic
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Internet available near 503 East Redwood Street
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Springfield near 503 East Redwood Street
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
2/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 503 East Redwood Street, Springfield
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
6/10
Several shops within a few minutes’ walk
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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Check availability
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