Springfield, OR Rental Market Trends
Highlights
The average rent for an apartment in Springfield is $1,391, a 7% increase compared to the previous year, when the average rent was $1,296.
Average Rent in Springfield, OR
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,391 | 7% | 870 sq. ft. |
The average size for a Springfield, OR apartment is 870 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, OR Apartment Rent Ranges
- $501-$7001%
- $701-$1,00025%
- $1,001-$1,50052%
- $1,501-$2,0006%
- > $2,00016%
Springfield, OR Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
9,864 or 40% of the households in Springfield, OR are renter-occupied while 14,254 or 59% are owner-occupied.
Springfield, OR Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Springfield, OR | $1,147 | $1,164 | $1,205 | $1,226 | $1,227 | $1,296 | $1,313 | $1,363 | $1,391 |
| National | $1,347 | $1,379 | $1,381 | $1,384 | $1,420 | $1,429 | $1,433 | $1,469 |
How Springfield Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Portland | $1,536 | 3% |
| Beaverton | $1,413 | 6% |
| Hillsboro | $1,578 | 6% |
| Eugene | $1,353 | 2% |
| Gresham | $1,312 | 3% |
| Springfield | $1,391 | 7% |
| Albany | $1,100 | 6% |
| Albany City | $1,100 | 6% |
| Lebanon | $1,084 | 6% |
| Lebanon City | $1,084 | 6% |
For more information about the Springfield rental trends, check out our monthly rent report
Check out Oregon Cities, Oregon Neighborhoods and Oregon Zip Codes for more details on verified listings, including the Oregon Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!