- Missouri
- Springfield
- Renter Market Trends
Rental market trends in Springfield, MO
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Average Apartment Cost in Springfield, MO
Apartment Rent Ranges in Springfield, MO
Apartment Prices | Proportion | |||
---|---|---|---|---|
5% | 34% | 36% | 15% | 10% |
Neighborhood Apartment Rent Trends in Springfield, MO
Neighborhood | Studio Avg Rent | Annual Change |
---|---|---|
Parkcrest | $905 | -- |
Rountree Area | $875 | +1% |
Bradford Park | $800 | -- |
Sequiota | $785 | +4% |
Quail Creek | $775 | +3% |
Sherwood | $762 | -- |
Downtown Springfield | $715 | +8% |
Doling Park | $705 | +9% |
West Central | $675 | 0% |
Midtown | $655 | +1% |
Walnut Street | $640 | 0% |
Southern Hills | $640 | +11% |
Mark Twain | $552 | 0% |
Neighborhood | 1 Bed Avg Rent | Annual Change |
---|---|---|
Sequiota | $1,185 | +5% |
Seminole-Holland | $1,170 | -- |
Sherwood | $1,015 | -- |
Quail Creek | $955 | +6% |
Walnut Street | $920 | +39% |
Kickapoo | $911 | +12% |
Oak Grove | $893 | +23% |
Mark Twain | $838 | -9% |
Doling Park | $835 | +8% |
Downtown Springfield | $812 | +20% |
Parkcrest | $800 | -10% |
Primrose | $795 | -- |
Southern Hills | $750 | +14% |
West Central | $695 | +3% |
Bingham | $690 | -3% |
Southside | $660 | 0% |
Meador Park | $590 | -6% |
Neighborhood | 2 Beds Avg Rent | Annual Change |
---|---|---|
Rountree Area | $1,800 | -- |
Sequiota | $1,760 | +7% |
Seminole-Holland | $1,525 | -- |
Bradford Park | $1,350 | +64% |
Parkcrest | $1,225 | +38% |
Sherwood | $1,220 | -- |
Kickapoo | $1,159 | +18% |
Quail Creek | $1,105 | +3% |
Downtown Springfield | $1,062 | +1% |
Mark Twain | $1,023 | +17% |
Oak Grove | $925 | +6% |
Southern Hills | $832 | +3% |
West Central | $810 | 0% |
Midtown | $787 | +6% |
Bingham | $770 | +6% |
Doling Park | $725 | -1% |
Southside | $715 | 0% |
Walnut Street | $709 | -12% |
Meador Park | $705 | -6% |
Tom Watkins | $695 | -- |
How Other Cities Compare to Springfield, MO
City | 1 Bed Avg Rent | Annual Change |
---|---|---|
Nixa | $800 | +2% |
Battlefield | $795 | +10% |
Willard | $785 | -6% |
Lebanon | $775 | -- |
Branson | $750 | 0% |
Rogersville | $745 | -3% |
Ozark | $700 | -7% |
City | 2 Beds Avg Rent | Annual Change |
---|---|---|
Republic | $1,253 | +34% |
Nixa | $1,107 | +45% |
Ozark | $965 | -2% |
Battlefield | $940 | +11% |
Willard | $925 | -5% |
Rogersville | $885 | -16% |
Branson | $850 | 0% |
Lebanon | $800 | -- |
Aurora | $750 | +7% |
Springfield, MO Rent Trends
Studio | 1 Bed | 2 Beds | ||||||||||
Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | Aug 2024 | Sep 2024 | Oct 2024 |
$775 | $785 | $785 | $785 | $775 | $795 | $837 | $840 | $852 | $839 | $836 | $850 | $840 |
$747 | $745 | $757 | $780 | $780 | $822 | $847 | $845 | $860 | $870 | $885 | $852 | $930 |
$887 | $881 | $884 | $888 | $887 | $937 | $955 | $960 | $965 | $960 | $1022 | $1015 | $1015 |
$1135 | $1135 | $1135 | $1157 | $1122 | $1334 | $1284 | $1275 | $1275 | $1270 | $1333 | $1339 | $1350 |
Neighborhood Information for Springfield, MO
What are the most affordable neighborhoods in Springfield, MO?
The most affordable neighborhoods in Springfield are Meador Park, where the average 1-bedroom apartment rent goes for $590, Southside, where renters pay $660 on average for a 1-bedroom apartment, and Bingham, where the average 1-bedroom apartment rent goes for $690. If you're looking for other great deals, check out the listings in West Central ($695 for a 1-bedroom apartment) or Southern Hills ($750 for a 1-bedroom apartment), compared to the $930 average for an Springfield 1-bedroom apartment.
What are the most expensive neighborhoods in Springfield, MO?
The most expensive neighborhoods in Springfield are Bradford Park, where the average rent for a 1-bedroom apartment is just $3,875. offering similar apartments at an average of Sequiota, $1,185, and Seminole-Holland, $1,170. For additional value-for-money options, consider Sherwood ($1,015 for a 1-bedroom apartment) or Quail Creek ($955 for a 1-bedroom apartment). These prices represent a significant saving when compared to the Springfield average for a 1-bedroom apartment, which stands at $930.
What are the most popular neighborhoods in Springfield, MO?
The most popular neighborhoods in Springfield are Seminole-Holland, where the average 1-bedroom apartment rent goes for $1,170, Mark Twain, where renters pay $838 on average for a 1-bedroom apartment, and Downtown Springfield, where the average 1-bedroom apartment rent goes for $812. If you're looking for other popular neighborhoods, check out the listings in Meador Park ($590 for a 1-bedroom apartment) or West Central ($695 for a 1-bedroom apartment), compared to the $930 average for an Springfield 1-bedroom apartment.