Rental market trends in Springfield, MA
Please reach out to press@rent.com for any media inquiries regarding this data.
Average Apartment Cost in Springfield, MA
Apartment Rent Ranges in Springfield, MA
Apartment Prices Proportion | |
|---|---|
Neighborhood Apartment Rent Trends in Springfield, MA
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| North End | $1,291 | +50% |
| Memorial Square | $1,291 | +50% |
| Metro Center | $1,069 | +17% |
| Agawan | $865 | +6% |
| North Agawam | $865 | +6% |
| South End | $600 | -- |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Metro Center | $1,249 | +2% |
| Agawan | $1,195 | +13% |
| North Agawam | $1,120 | +6% |
| North End | $931 | -2% |
| Memorial Square | $931 | -2% |
| Forest Park | $825 | -- |
| Forest Park Heights Historic District | $825 | -- |
| Six Corners | $750 | -- |
| Maple Hill Historic District | $750 | -- |
| South End | $675 | -- |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Metro Center | $1,649 | +9% |
| Agawan | $1,385 | +6% |
| North Agawam | $1,385 | +6% |
| Forest Park | $1,250 | +9% |
| East Springfield | $1,100 | -- |
| North End | $1,059 | -7% |
| Memorial Square | $1,059 | -7% |
| Sixteen Acres | $1,050 | 0% |
| Memorial | $950 | -- |
| Forest Park Heights Historic District | $900 | -- |
How Other Cities Compare to Springfield, MA
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Amherst | $2,049 | 0% |
| West Hartford | $1,922 | +7% |
| Shrewsbury | $1,691 | +13% |
| Worcester | $1,599 | +66% |
| Hartford | $1,424 | +2% |
| Rocky Hill | $1,393 | +14% |
| Meriden | $1,300 | +74% |
| Norwich | $1,295 | +20% |
| Enfield | $1,275 | 0% |
| Windsor | $1,200 | -- |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| West Hartford | $2,442 | +9% |
| Northampton | $2,250 | -- |
| Amherst | $2,224 | +1% |
| Shrewsbury | $1,999 | +5% |
| Windsor | $1,945 | +40% |
| Hartford | $1,651 | +2% |
| Worcester | $1,651 | +13% |
| Farmington | $1,600 | +3% |
| Enfield | $1,495 | 0% |
| Glastonbury | $1,450 | +4% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Shrewsbury | $2,820 | -12% |
| Glastonbury | $2,300 | +22% |
| Enfield | $2,270 | +30% |
| West Hartford | $2,200 | -13% |
| Bloomfield | $1,960 | +6% |
| Worcester | $1,900 | +10% |
| Windsor | $1,865 | +5% |
| Rocky Hill | $1,795 | +5% |
| Farmington | $1,787 | +8% |
| Manchester | $1,759 | +10% |
Springfield, MA Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 |
| $862 | $862 | $862 | $862 | $862 | $862 | $1140 | $1291 | $1291 | $1291 | $1291 | $1291 | $1291 |
| $1123 | $1123 | $1123 | $1123 | $1123 | $1123 | $1123 | $1224 | $1224 | $1224 | $1224 | $1224 | $1224 |
| $1455 | $1455 | $1455 | $1455 | $1455 | $1455 | $1455 | $1486 | $1486 | $1486 | $1486 | $1486 | $1486 |
| $1879 | $1879 | $1879 | $1879 | $1879 | $1879 | $1879 | $1879 | $1879 | $1879 | $1879 | $1879 | $1879 |
Neighborhood Information for Springfield, MA
What are the most affordable neighborhoods in Springfield, MA?
The most affordable neighborhoods in Springfield are South End, where the average 1-bedroom apartment rent goes for $675, Six Corners, where renters pay $750 on average for a 1-bedroom apartment, and Maple Hill Historic District, where the average 1-bedroom apartment rent goes for $750. If you're looking for other great deals, check out the listings in Forest Park ($825 for a 1-bedroom apartment) or Forest Park Heights Historic District ($825 for a 1-bedroom apartment), compared to the $1,224 average for a Springfield 1-bedroom apartment.
What are the most expensive neighborhoods in Springfield, MA?
The most expensive neighborhoods in Springfield are Metro Center, where the average 1-bedroom apartment rent goes for $1,249, Agawan, where renters pay $1,195 on average for a 1-bedroom apartment, and North Agawam, where the average 1-bedroom apartment rent goes for $1,120. If you're looking for other premium neighborhoods, check out the listings in North End ($931 for a 1-bedroom apartment) or Memorial Square ($931 for a 1-bedroom apartment), compared to the $1,224 average for a Springfield 1-bedroom apartment.
What are the most popular neighborhoods in Springfield, MA?
The most popular neighborhoods in Springfield are North End, where the average 1-bedroom apartment rent goes for $931, Metro Center, where renters pay $1,249 on average for a 1-bedroom apartment, and South End, where the average 1-bedroom apartment rent goes for $675. If you're looking for other popular neighborhoods, check out the listings in Memorial Square ($931 for a 1-bedroom apartment) or Maple Hill Historic District ($750 for a 1-bedroom apartment), compared to the $1,224 average for a Springfield 1-bedroom apartment.
Nearby Listings
$1,4114.5/5 stars based on 11 reviews11The Courtyards- Studio | 1 Bath
- 2 Units Available
- $1,235+3/5 stars based on 23 reviews23The Apartments at Ames Privilege
- 1–2 Beds | 1–2 Baths
- $1,235+3/5 stars based on 12 reviews12Coachlight Village
- 1–2 Beds | 1 Bath
- $1,673+3.5/5 stars based on 3 reviews3Country Manor
- 1–2 Beds | 1 Bath
- 3 Units Available
