Springfield, MA Rental Market Trends

Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Average rent in Springfield, MA

Last updated: October 19, 2025

Springfield, MA rent trends

Rental prices in Springfield, MA have increased by 1.96% over the past year. The average rent moved from $1,459 to $1,487.

What's the typical rent budget in Springfield, MA?

The largest share of rentals in Springfield, MA (43%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Springfield, MA?

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Springfield, MA By Neighborhood

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Springfield | Rent Comparison by Neighborhood

Neighborhood
vs.

Rent in Forest Park Heights is 9% lower than in Memorial Square

$1,293

Forest Park Heights rent is 13% lower than Springfield average

Average Rent $1,293
$1,415

Memorial Square rent is 5% lower than Springfield average

Average Rent $1,415

How Springfield Compares to Other Cities

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Springfield apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.