Orchard Park
1516 Seven Pines Rd,
Springfield, IL 62704
1-3 Beds | $950
Rental Market Trends in Springfield, IL
What is the average rent in Springfield, IL?
$834/month
Average Rent
676 Sq Ft
Average Apartment Size
+1.9%
Increase in the Last Year
As of July 2025, the average rent in Springfield, IL is $834 per month. This is 49% lower than the national average rent of $1,637/month, making renting in Springfield more affordable than most cities in the US. When you rent an apartment in Springfield, you can expect to pay about $747 per month for a studio, $834 for a one-bedroom apartment, and around $1,022 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,384 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Springfield, IL?
In the past year, rent has increased by 1.9%, which averages out to $16 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024
2025
Rent Ranges in Springfield, IL
Last Updated July 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
21%
Below $700/month
47%
$700 - $1,000/month
27%
$1,001 - $1,500/month
5%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Springfield, IL?
Because the average rent in Springfield is $834, you’ll want to make about $2,780 per month or $33,360 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Springfield, IL is 9.0% lower than the national average. Generally, housing in Springfield is 20.9% less expensive than the national average, with rent falling between $747 - $1,384. You can expect to pay 2.1% less for groceries, 3.8% less for utilities, and 12.3% more for transportation.
How does Springfield, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Springfield, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Apartment communities in Springfield we think you'll love
Property Management Companies in Springfield, IL
Highlands Vista Group Management LLC
-
42
Communities
-
6,820
Units
-
32
Cities
2 Communities in Springfield
Nolan Living
-
12
Communities
-
3,226
Units
-
10
Cities
2 Communities in Springfield
Cushman & Wakefield
-
543
Communities
-
127,152
Units
-
280
Cities
1 Community in Springfield
Monarch Investment and Management Group
-
306
Communities
-
74,563
Units
-
141
Cities
1 Community in Springfield
PRE/3
-
174
Communities
-
13,916
Units
-
111
Cities
1 Community in Springfield
Dominium
-
104
Communities
-
21,578
Units
-
82
Cities
1 Community in Springfield
Princeton Management
-
117
Communities
-
20,270
Units
-
59
Cities
1 Community in Springfield
Friedman Real Estate
-
38
Communities
-
8,776
Units
-
26
Cities
1 Community in Springfield
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.