Average Rent in Springfield, IL and Rent Price Trends

Rent price trends in
Springfield, IL

Rent price trends

Rent prices for all bedroom counts and property types in Springfield, IL have decreased by 3% in the last month and have increased by 5% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Springfield, IL
The monthly rent for an apartment in Springfield, IL is $850. A 1-bedroom apartment in Springfield, IL costs about $800 on average, while a 2-bedroom apartment is $950. Houses for rent in Springfield, IL are more expensive, with an average monthly cost of $1,295.


1 bedroom	$800	2%	6%
2 bedroom	$1,035	1%	7%
3 bedroom	$1,350	1%	6%
4 bedroom	$2,500	6%	40%
Studio	$4,200	19%	303%

		Comparables
Bunn Park	$1,000
Enos Park	$925
Grand Central	$1,041
Historic West Side	$913
Iles Park	$1,029
Near South	$1,145
Oak Ridge	$850
Old Aristocracy Hill	$925
Twin Lakes	$1,300
Vinegar Hill	$850


Apartments	$850	2%	No Change
Condos	$937	10%	No Change
Houses	$1,295	No Change	No Change

Studio

Average rent

$4,200

Last 30 days

19%

Last year

303%

1 bedroom

Average rent

$800

Last 30 days

Last year

2 bedroom

Average rent

$1,035

Last 30 days

Last year

3 bedroom

Average rent

$1,350

Last 30 days

Last year

4 bedroom

Average rent

$2,500

Last 30 days

Last year

40%

The table above reflects average rent prices in Springfield, IL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Springfield, IL to other cities

Median rent prices in Springfield, IL for all bedroom counts and property types compared to Alton, IL.

Springfield

Median rent price$1,029

47%

lower than the national median

Median rent price$995

49%

lower than the national median

Takeaway

The median rent for all rentals in Springfield, IL is 3% higher than the median rent in Alton, IL.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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Average rent in
Nearby cities
Explore rent trends in other markets

Alton

$995

14%

Last year

Bethalto

$1,000

29%

Last year

Bloomington

$1,100

Last year

Chatham

$1,447

17%

Last year

Decatur

$875

Last year

Godfrey

$1,125

Last year

Litchfield

$940

N/A

Last year

Macomb

$725

Last year

Morton

$850

19%

Last year

Mount Zion

$1,200

N/A

Last year

Normal

$1,450

Last year

Pekin

$775

Last year

Cost of living in
Springfield, IL

The overall cost of living in Springfield, IL is 9% lower than the national average. Explore the cost of essential expenses, then use our rent calculator to help set your budget.