Vue on Walnut | Student Housing
430 E Walnut St,
Springfield, MO 65806
Studio - 4 Beds | $598 - $1,118
Rental Market Trends in Springfield, MO
What is the average rent in Springfield, MO?
$880/month
Average Rent
660 Sq Ft
Average Apartment Size
+3.3%
Increase in the Last Year
As of July 2025, the average rent in Springfield, MO is $880 per month. This is 46% 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 $828 per month for a studio, $880 for a one-bedroom apartment, and around $1,053 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,490 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, MO?
In the past year, rent has increased by 3.3%, which averages out to $29 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, MO
Last Updated July 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
26%
Below $700/month
44%
$700 - $1,000/month
22%
$1,001 - $1,500/month
6%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Springfield?
Based on current rent prices, Walnut Street, Glendale Terrace and West Central are the most affordable neighborhoods in Springfield.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Springfield?
Based on current rent prices, Airport Plaza, North Springfield and Southwest Springfield are the most expensive neighborhoods in Springfield.
Neighborhood
Average Rent
Average Sq Ft
Which Springfield neighborhoods have the most rentals available?
The neighborhoods in Springfield with the most apartments available are Southwest Springfield, Southeast Springfield and Downtown Springfield .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Springfield, MO?
Because the average rent in Springfield is $880, you’ll want to make about $2,933 per month or $35,196 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, MO is 12.1% lower than the national average. Generally, housing in Springfield is 23.0% less expensive than the national average, with rent falling between $828 - $1,490. You can expect to pay 4.9% less for groceries, 17.3% less for utilities, and 11.8% less for transportation.
How does Springfield, MO compare to other nearby cities and neighborhoods?
Use the tool below to compare Springfield, MO 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.
Studio
$750/month
-
One Bedroom
$787/month
-
Two Bedroom
$785/month
-
Three Bedroom
$1,509/month
-
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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.