FAQ

We are in downtown Springfield, Missouri on East St Louis St. Our complex is less than one mile away from all of the major college campuses, such as Missouri State University and Drury University. We are also surrounded by the downtown community where there are coffee shops, restaurants, and entertainment all just steps away.

Our leasing office and management offices are open six days a week, Monday – Saturday. The leasing office is open from 10:00 AM – 6:00 PM M-F, and from 11:00 AM – 5:00 PM on Saturday. Our management office is open from 9:00 AM – 5:00 PM Monday – Saturday. Our security team is available and monitoring our building 24 hours a day, seven days a week.

Yes! Like most student living complexes, we begin leasing for the upcoming school year in September. We continue leasing until we are at full capacity for that year!

Our leases are 12 months long. They begin in August and end in July. If you sign your lease during the middle of our leasing term, your lease will end in July unless you renew.

In the unfortunate event that you need to end your lease early you are able to reassign your apartment to another person. You will be responsible for finding your own reassignment and will need to let us know. Your reassignment will need to fill out an application and pass our screening process, and a $500 reassignment fee will be applied to your account.

A guarantor is a co-signer for your lease.

Students often do not have a long enough history of credit or sufficient income to qualify alone. A guarantor allows the student to qualify based on their credit history and income.

Passing with conditions means that you passed your background check, but may need a guarantor or prepay rent to qualify.

If you are not able to qualify to sign by yourself and aren’t able to have a guarantor, you can prepay two months of rent to qualify. These prepaid months can be used as your first and last month’s rent.

Our rates are based on a total amount that is divided into 12 equal installments for ease. Because of this, rent is not prorated.

Yes, though our rates are per room. If you are interested in signing a lease for an entire apartment you would have to pay the rate for each room.

We only allow dual occupancy in our studio apartments. This does come with an additional fee and will need to be communicated with your leasing agent. All of our other floorplans only allow one person per room.

If you are wanting to tour our property before you sign and can’t make it in person, we offer video tours! Call or text (417)771-9547 to schedule a video tour. We also have virtual tours available here.

We have a $45 fee per application for processing.

Yes! We require a deposit to be paid at signing. You will receive your deposit back if there is no major damage done to your apartment when you move out. If your apartment passes our move-out inspection you should receive your deposit back within 30 days of your move-out date.

We have a $350 admin fee due at signing that is for processing all of your resident information. This also ensures that you have reserved your spot with us at The 505.

If it is decided that you will need a guarantor in order to qualify, our leasing team will contact you to get their information. Then, we will send them an email with their application.

Before you move in you will need to have your renter’s insurance, all fees paid (admin, deposit, application) along with your first month’s rent. If your qualification was contingent on prepaying two months’ rent, that will need to be paid as well. You will also need to bring a government issued ID.

You will receive an email with your specified move-in time closer to our move-in date.

You will receive your key fob, bedroom key, WIFI password, room number, a map of the building, a move-in checklist, and our community guidelines and policies when you move in.

For a seamless move-in experience, we recommend that you get “fast pass” ready. You will qualify for “fast pass” if you have your deposit paid, renter’s insurance, first month’s rent installment paid, and your vehicle registered (if getting a parking spot).

When you are done with your boxes, please break them down and place them in the corner of our trash room. There is a trash room located on each floor, and its location will be specified on the map you receive at move-in. Please, do not put large cardboard boxes down the trash schutte.

Yes! All of our bedrooms are fully furnished. While the quantity of certain things vary depending on your floor plan, each room comes with a couch, cushioned chair, kitchen island, an ottoman, a Smart TV, and an entertainment center.

No. There is only one thermostat per unit.

We have the newest, most luxury amenities at our student living complex. They include a yoga studio, half-court basketball, pickleball court, heated pool, 24 hour gym, three dog parks, an ATM, a rec room, and multi-level study lounges with private study pods and a printer.

Once you sign your lease you will be sent a link to a roommate matching app called RoomSync! This will allow you to create a profile and add your preferences. Then, you will be able to find and chat with other residents alike! When you find a good roommate, send them a match request, it will pend management approval, and then you guys will live happily ever after.

Yes! If you choose to opt into parking, you will receive your own parking spot that is reserved JUST for you.

You will place your parking tag in the left corner of your windshield.

For our secure underground parking lot, it is $100/month, and for our gated surface lot it is $45/month.

The safety of our students is our number one priority at The 505. Our student living apartment complex has over 90 security cameras and is under 24 hour surveillance. We require key fobs at every access point and have 24 hour security along with a Springfield Police Officer living on site. After 10pm, we have a security guard stationed at our front desk to ensure extra safety for our students.

Besides ensuring your safety, the security team can help you get into your apartment when your locked out, help remove a vehicle from your parking spot, and promptly come to your aid if you ever feel unsafe in a situation.

After 10pm we have a security officer stationed at our front desk. This is to ensure that tenants are the only people coming in to The 505. Guests of the tenants are allowed in if they are accompanied by a resident. It is just an extra measure to ensure your safety.