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Updated 5+ Days Ago

Highlights

  • Pet Friendly
  • Hardwood floors
  • Large windows
  • Hardwood and tile floors
  • High ceilings
  • Original exposed brick
  • Historic downtown

Location

507 W College St, Springfield, MO 65806, USA|Downtown Springfield
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Property Overview

Palace Hotel Lofts earns a solid overall rating with especially strong marks for amenities, location, and trustworthiness, while also offering standout value per square foot. It is a strong fit for social life and pet friendliness, with many nearby restaurants, cultural venues, event hubs, and pet services, plus notable features like hardwood floors, large windows, high ceilings, exposed brick, and a historic downtown setting.

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

  • More space
  • Dishwasher
  • Eco-friendly trash disposal

Great for

  • Social life
  • Pet owners

Floor plans

1BR/1.0BA1 bed1 bath850 sqftThe Palace Hotel was built in 1892 and is a part of the National Register of Historic Places, giving these lofts a special place in the heart of downtown. This massive loft features the original exposed brick and hardwood floors. Be a part of Springfield’s past and future in the Palace Hotel Lofts. Garage space is available. Water, Sewer, Trash included in monthly rent
2BR/1.0BA2 bed1 bath1,100 sqftThe Palace Hotel was built in 1892 and is a part of the National Register of Historic Places, giving these lofts a special place in the heart of downtown. The lofts feature the original exposed brick and hardwood floors. Be a part of Springfield’s past and future in the Palace Hotel Lofts. Garage space is available.
4BR/2.0BA4 bed2 bath2,200 sqftTake a tour of the gorgeous downtown lofts at Palace Hotel. The lofts feature the original exposed brick and hardwood floors with a large square footage. Be a part of Springfield’s past and future in the Palace Hotel Lofts.

Let's explore this property.

Amenities for Palace Hotel Lofts

Apartment Amenities

DryerTrash
Water

Appliances

DishwasherIn-Unit Laundry
RangeRefrigerator
Stove

Building

Cats OKDogs OK
Sewer
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1
Building details

Property details

Units15

About Palace Hotel Lofts

HomeApartments in SpringfieldDowntown Springfield Palace Hotel Lofts

The historic Palace Hotel Lofts are located just off the square in downtown Springfield. They offer unique spaces, with high ceilings, hardwood and tile floors, and large windows. An easy walk to all the entertainment and dining that downtown as to offer, including the newly reopened College Station Movie theater just across the street.


Palace Hotel Lofts is great for:

Social life

  • 98 restaurants within 1 mile of this property
  • 76 museums, art galleries, or cultural centers within 1 mile
  • 34 theaters, music venues, or sports arenas nearby
  • 23 local event hubs within 1 mile

Pet owners

  • 4 pet supply stores near the property
  • 1 pet grooming service nearby

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 Palace Hotel Lofts compares to other nearby properties.

Positives

More space
The 4-bedroom is 711 sqft larger than other listings nearby
Dishwasher
Dishwasher available in kitchen
Eco-friendly trash disposal
This property has recycling pickup

Considerations

Greater distance from high schools
The nearest high school is farther than 1.2 miles away
Greater distance from middle schools
The nearest middle school is farther than 0.7 miles away
Lacks images
Fewer than 5 photos available for this property

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$900

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1–2 Beds

$1,345–$2,345

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529 E Cherry St

2 Beds

$1,440–$1,475

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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Downtown Springfield • 235 N Market Ave

2 Beds

$1,480

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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$1,475–$1,575

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$1,395

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$1,440

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$1,595–$1,895

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Rent trends in Downtown Springfield

Median rents as of Oct 24 2026.
Downtown Springfield
Springfield
A table of studio rental data trends in Springfield
MonthMedian Rent
November 2024$838
December 2024$858
January 2025$862
February 2025$851
March 2025$821
April 2025$839
May 2025$817
June 2025$818
July 2025$805
August 2025$807
September 2025$814
October 2025$850
November 2025$848
December 2025$856
January 2026$879
February 2026$875
March 2026$896
April 2026$893
May 2026$883
June 2026$877
July 2026$884
August 2026$871
September 2026$883
October 2026$863
A table of studio rental data trends in Downtown Springfield
MonthMedian Rent
March 2025$750
April 2025$1,355
May 2025$1,207
June 2025$1,118
December 2025$831
January 2026$813
May 2026$1,221
October 2026$895

Schools near Palace Hotel Lofts

Campbell Elementary School

506 s grant

springfield, MO, 65806

PKPublic

Greene Valley School

1601 e pythian

springfield, MO, 65802

K-12Public

Shady Dell Early Childhood Center

2757 e division

springfield, MO, 65803

PKPublic

Adah Fulbright Early Childhood

3373 wbattlefield rd

springfield, MO, 65807

PKPublic

Cogdill Early Childhood Center

218 w mccabe st

strafford, MO, 65757

PKPublic
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Neighborhood

Downtown Springfield | Springfield, MO

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Springfield near 507 W College St

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

5/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

4/10
Frequent public transit options are within walking distance.

Points of interest for 507 W College St, Springfield

Groceries

6/10
Wide variety of groceries within a short drive, including some within walking distance

Shopping

7/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

9/10
Exceptional variety of cafés within a few minutes’ walk

Restaurants

8/10
Wide variety of restaurants within a few minutes’ walk

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Parks

6/10
Large amount of park space nearby

Nightlife

9/10
Wide variety of bars within a few minutes' walk

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