Springfield, MA Rental Market Trends
What is the average rent in Springfield?
The average rent for an apartment in Springfield is $1,185. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Springfield, MA
| Average Rent | Average Apartment Size |
|---|---|
| $1,185 | 707 sq. ft. |
What is the average apartment size in Springfield?
The average size for a Springfield, MA apartment is 707 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Springfield, MA Apartment Rent Ranges
Springfield, MA Occupied Housing Units
21,542 or 37% of the households in Springfield, MA are renter-occupied while 35,262 or 62% are owner-occupied.
Springfield, MA Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Jun / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Springfield, MA | $1,003 | $1,014 | $1,035 | $1,037 | $1,056 | $1,068 | $1,098 | $1,106 | $1,128 | $1,185 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Springfield, MA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Metro Center | $1,200 |
| Cozy Corner | $1,172 |
| Forest Park | $1,172 |
| The X | $1,172 |
| Forest Park Heights | $1,131 |
| Bay | $1,128 |
| McKnight | $1,128 |
| Old Hill | $1,128 |
| Pine Point | $1,128 |
| Sixteen Acres | $1,128 |
| Upper Hill | $1,128 |
| Six Corners | $1,115 |
| South End Springfield | $1,115 |
| East Springfield | $1,045 |
| Brightwood | $1,037 |
| Indian Orchard | $978 |
| Liberty Heights | $978 |
| Memorial Square | $978 |
What are the most affordable neighborhoods in Springfield?
The most affordable neighborhoods in Springfield are Indian Orchard, where the average rent goes for $978/month, Liberty Heights, where renters pay $978/mo on average, and Memorial Square, where the average rent goes for $978/mo. If you’re looking for other great deals, check out the listings from Brightwood ($1,037), East Springfield ($1,045), and Six Corners ($1,115), where the asking prices are below the average Springfield rent of $1,185/mo.
What are the most expensive neighborhoods in Springfield?
The most expensive neighborhoods in Springfield are Forest Park ($1,172), The X ($1,172) and Metro Center ($1,200).
What are the most popular neighborhoods in Springfield?
The most popular neighborhood in Springfield is Memorial Square, where there are 2 verified RentCafe listings with an average rent of $978. Next up is Metro Center, where apartments go for $1,200/month, followed by Pine Point with $1,128 If you’re looking to rent in Springfield’s most popular neighborhoods, make sure to also check out Sixteen Acres, where renters pay $1,128 on average, and Bay, where the average monthly rent is $1,128.
Springfield | Rent Comparison by Neighborhood
Rent in Bay is 9% higher than in Brightwood
Bay rent is 5% lower than Springfield average
| Average Rent | $1,128 |
|---|
Brightwood rent is 12% lower than Springfield average
| Average Rent | $1,037 |
|---|
How Springfield Compares to Other Cities
| City | Average Rent |
|---|---|
| Boston | $3,634 |
| Fall River | $1,655 |
| Worcester | $1,586 |
| Cambridge | $3,399 |
| Hartford | $1,342 |
| Quincy | $2,441 |
| Meriden | $1,240 |
| Norwich | $1,330 |
| Lowell | $1,935 |
| New Bedford | $1,729 |
| Weymouth Town | $2,187 |
| Middletown | $1,415 |
| Somerville | $2,975 |
| Holyoke | $1,206 |
| New Britain | $1,228 |
| Waterbury | $1,074 |
| Vernon | $1,438 |
| Downtown Hartford | $1,550 |
| Northampton | $1,957 |
| Springfield | $1,185 |
| Bristol | $1,508 |
Most Popular Apartments in Springfield
Cumberland Homes
414 Chestnut Street, Springfield, MA 01104- 1 BED
- 2 BEDS
- 3 BEDS
- Ask for pricing
- $1,168+
- Ask for pricing