Springfield Town, VA Rental Market Trends
Highlights
The average rent for an apartment in Springfield Town is $1,719, a 7% increase compared to the previous year, when the average rent was $1,606.
Average Rent in Springfield Town, VA
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,719 | 7% | 899 sq. ft. |
The average size for a Springfield Town, VA apartment is 899 square feet, but this number varies greatly depending on apartment type. 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 Town, VA Apartment Rent Ranges
- $1,001-$1,50035%
- $1,501-$2,00047%
- > $2,00018%
Springfield Town, VA Occupied Housing Units
- Renter-occupied Households29%
- Owner-occupied Households70%
2,898 or 29% of the households in Springfield Town, VA are renter-occupied while 6,947 or 70% are owner-occupied.
Springfield Town, VA Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Springfield Town, VA | $1,580 | $1,598 | $1,583 | $1,642 | $1,592 | $1,606 | $1,606 | $1,608 | $1,652 | $1,719 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
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How Does Springfield Town Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Alexandria | $1,756 | 3% |
| Fairfax | $1,931 | 7% |
| Falls Church | $1,796 | 6% |
| Herndon | $1,916 | 7% |
| Mc Lean | $2,362 | 6% |
| Reston | $2,154 | 8% |
| Herndon Town | $1,869 | 6% |
| Springfield | $1,764 | 9% |
| Tysons Corner | $2,455 | 7% |
| Vienna | $2,012 | 3% |
| Springfield Town | $1,719 | 7% |
For more information about the Springfield Town rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Springfield Town apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.