Springfield, MA Rental Market Trends
What is the average rent in Springfield?
The average rent for an apartment in Springfield is $1,420. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Springfield, MA
Last updated November 2024
| Average Rent | Average Apartment Size |
|---|---|
| $1,420 | 698 sq. ft. |
What is the average apartment size in Springfield?
The average size for a Springfield, MA apartment is 698 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
30,511 or 52% of the households in Springfield, MA are renter-occupied while 27,937 or 48% are owner-occupied.
Springfield, MA rent trends
Average Rent in Springfield, MA By Neighborhood
| City | Average Rent |
|---|---|
| Metro Center | $1,465 |
| Cozy Corner | $1,350 |
| Forest Park | $1,350 |
| The X | $1,350 |
| Forest Park Heights | $1,345 |
| Six Corners | $1,344 |
| South End Springfield | $1,344 |
| Brightwood | $1,284 |
| Indian Orchard | $1,258 |
| Liberty Heights | $1,258 |
| Memorial Square | $1,258 |
| East Springfield | $1,252 |
| Bay | $1,242 |
| McKnight | $1,242 |
| Old Hill | $1,242 |
| Pine Point | $1,242 |
| Sixteen Acres | $1,242 |
| Upper Hill | $1,242 |
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What are the most affordable neighborhoods in Springfield?
The most affordable neighborhoods in Springfield are Bay, where the average rent goes for $1,242/month, McKnight, where renters pay $1,242/mo on average, and Old Hill, where the average rent goes for $1,242/mo. If you’re looking for other great deals, check out the listings from Pine Point ($1,242), Sixteen Acres ($1,242), and Upper Hill ($1,242), where the asking prices are below the average Springfield rent of $1,420/mo.
What are the most expensive neighborhoods in Springfield?
The most expensive neighborhoods in Springfield are Forest Park ($1,350), The X ($1,350) and Metro Center ($1,465).
What are the most popular neighborhoods in Springfield?
The most popular neighborhood in Springfield is Memorial Square, where there are 2 listings with an average rent of $1,258. Next up is Cozy Corner, where apartments go for $1,350/month, followed by Forest Park with $1,350 If you’re looking to rent in Springfield’s most popular neighborhoods, make sure to also check out Metro Center, where renters pay $1,465 on average, and Sixteen Acres, where the average monthly rent is $1,242.
Springfield | Rent Comparison by Neighborhood
Rent in Bay is 3% lower than in Brightwood
$1,242
Bay rent is 13% lower than Springfield average
Average Rent
$1,242
$1,284
Brightwood rent is 10% lower than Springfield average
Average Rent
$1,284
How Springfield Compares to Other Cities
| State | Average Rent |
|---|---|
| Boston | $3,935 |
| Worcester | $1,973 |
| Cambridge | $3,742 |
| Fall River | $1,980 |
| Somerville | $3,563 |
| Quincy | $2,781 |
| Waltham | $3,199 |
| Salem | $2,691 |
| New Bedford | $1,984 |
| Lowell | $2,226 |
| Holyoke | $1,374 |
| Springfield | $1,420 |
| Northampton | $2,097 |
| Westfield | $1,885 |
| Chicopee | $1,449 |
What is the average price for a storage unit in Springfield?
The average rent for a non-climate-controlled 10'x10' storage unit in Springfield is $140.56. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Springfield
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Cumberland Homes
414 Chestnut Street, Springfield, MA 01104| 1 BED | $1,118+ |
| 2 BEDS | N/A |
| 3 BEDS | N/A |
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54 Washington Road
54 Washington Road, Springfield, MA 01108| STUDIO | $1,200 |
| 2 BEDS | $1,800 |
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47B Ranney St
47B Ranney St, Springfield, MA 01108| 2 BEDS | $2,200 |