Average Rent in Springfield, MA↑ Rents rising 3.8% YoY

Springfield, MA has rental prices ranging from $1,264/month to $2,370/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,421/month, near the national average. With a median household income of $70,535/year, spending $1,421/month on a 1-bedroom represents 24% of gross income — within the recommended 30% threshold.

How Springfield Compares

With an average 2-bedroom rent of $1,800/month, Springfield ranks #16 most expensive of the 22 cities tracked in Massachusetts — pricier than 95% of all US cities in our data.

The Springfield Rental Market

The Springfield, MA area has a population of about 462,853 and 38% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Springfield, MA have risen by $66/month (3.8%) over the past year, from $1,734 to $1,800. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Springfield, MA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $56,840. The local median household income of $70,535 exceeds that threshold by $13,695, making Springfield relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Springfield, MA is $301,926, giving a price-to-rent ratio of 14.0. The break-even point between renting and buying is roughly 14 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Springfield's neighborhoods. Among the highest-value areas are Metro Center ($152,117 median home value), Maple High-Six Corners ($254,203 median home value), Old Hill ($260,964 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Springfield, MA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Springfield?

Break-even analysis and mortgage estimates based on local market data.

Living in Springfield

Cost of living, job market, crime rates, and moving cost estimates.