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Rental Market Trends in Springfield, MO

What is the average rent in Springfield, MO?

$905/month

Average Rent

657 Sq Ft

Average Apartment Size

+1.4%

Increase in the Last Year

As of April 2026, the average rent in Springfield, MO is $905 per month. This is 45% lower than the national average rent of $1,641/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 $862 per month for a studio, $905 for a one-bedroom apartment, and around $1,080 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,466 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$862/month
465 Sq Ft
One Bedroom
$905/month
657 Sq Ft
Two Bedroom
$1,080/month
935 Sq Ft
Three Bedroom
$1,466/month
1,280 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$804/month
497 Sq Ft
Two Bedroom
$1,091/month
870 Sq Ft
Three Bedroom
$1,614/month
1,279 Sq Ft
Four Bedroom
$2,183/month
2,135 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$994/month
975 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,009/month
1,026 Sq Ft

How much has average rent changed in Springfield, MO?

In the past year, rent has increased by 1.4%, which averages out to $13 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Springfield, MO
Last Updated April 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Springfield, MO
Percentage*
Rent Range
22% Below $700/month
42% $700 - $1,000/month
29% $1,001 - $1,500/month
6% $1,501 - $2,000/month
2% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Springfield?

Based on current rent prices, High Meadow Estates, Cambridge Terrace and Southern Hills are the most affordable neighborhoods in Springfield.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
High Meadow Estates
$800/month
574 Sq Ft
Cambridge Terrace
$813/month
642 Sq Ft
Southern Hills
$815/month
635 Sq Ft
Walnut Street
$842/month
512 Sq Ft
Village West
$862/month
600 Sq Ft
Golden Heights
$862/month
600 Sq Ft
East Springfield
$966/month
540 Sq Ft
Southwood
$1,002/month
479 Sq Ft
West Village
$1,003/month
714 Sq Ft
Southwest Springfield
$1,030/month
679 Sq Ft

What are the most expensive neighborhoods in Springfield?

Based on current rent prices, Springfield Entertainment District, Downtown Springfield and West Central are the most expensive neighborhoods in Springfield.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Springfield Entertainment District
$1,247/month
540 Sq Ft
Downtown Springfield
$1,235/month
709 Sq Ft
West Central
$1,099/month
774 Sq Ft
Southeast Springfield
$1,071/month
642 Sq Ft
Southwest Springfield
$1,030/month
679 Sq Ft
West Village
$1,003/month
714 Sq Ft
Southwood
$1,002/month
479 Sq Ft
East Springfield
$966/month
540 Sq Ft
Village West
$862/month
600 Sq Ft
Golden Heights
$862/month
600 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 East Springfield .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Southwest Springfield
$1,030/month
679 Sq Ft
Southeast Springfield
$1,071/month
642 Sq Ft
East Springfield
$966/month
540 Sq Ft
Downtown Springfield
$1,235/month
709 Sq Ft
West Central
$1,099/month
774 Sq Ft
High Meadow Estates
$800/month
574 Sq Ft
Southern Hills
$815/month
635 Sq Ft
Walnut Street
$842/month
512 Sq Ft
West Village
$1,003/month
714 Sq Ft
Springfield Entertainment District
$1,247/month
540 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Springfield, MO?

Because the average rent in Springfield is $905, you’ll want to make about $3,016 per month or $36,192 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 7.8% lower than the national average. Generally, housing in Springfield is 10.1% less expensive than the national average, with rent falling between $862 - $1,466. You can expect to pay 5.9% less for groceries, 21.2% less for utilities, and 10.5% less for transportation.

City

Springfield, MO

1,468 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Springfield, MO

Apartment Averages

High Meadow Estates

Springfield, MO

Springfield Entertainment District

Springfield, MO

Studio
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One Bedroom
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Two Bedroom
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Three Bedroom
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Search
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Nearby City Rent Trends

  • Brookline Average Rent

Apartment communities in Springfield we think you'll love

Orchard Park Apartments

Orchard Park Apartments

2601 N Cresthaven Ave,
Springfield, MO 65803

$794 - $2,204

Studio - 4 Beds

The 505 (MO)

The 505 (MO)

505 E St Louis St,
Springfield, MO 65806

$656 - $2,472 Total Monthly Price

Studio - 4 Beds

The Vibe Crossing

The Vibe Crossing

3861 W University St,
Springfield, MO 65807

$875 - $1,250

Studio - 2 Beds

Sunset Woodland Apartments

Sunset Woodland Apartments

2752 S Meadowbrook,
Springfield, MO 65807

$895 - $1,090

1-2 Beds

Property Management Companies in Springfield, MO

The Wooten Company
The Wooten Company
  • 50

    Communities

  • 4,213

    Units

  • 4

    Cities

48 Communities in Springfield
Investors Management and Marketing
Investors Management and Marketing
  • 51

    Communities

  • 5,704

    Units

  • 9

    Cities

11 Communities in Springfield
Entrust Property Solutions
Entrust Property Solutions
  • 14

    Communities

  • 1,595

    Units

  • 3

    Cities

11 Communities in Springfield
GPS Property Management
GPS Property Management
  • 10

    Communities

  • 366

    Units

  • 3

    Cities

8 Communities in Springfield
Affiniti Management Services
Affiniti Management Services
  • 11

    Communities

  • 1,678

    Units

  • 5

    Cities

6 Communities in Springfield
Cardinal Group Management and Advisory, LLC
Cardinal Group Management and Advisory, LLC
  • 158

    Communities

  • 31,922

    Units

  • 84

    Cities

4 Communities in Springfield
Ghan & Cooper
Ghan & Cooper
  • 52

    Communities

  • 7,565

    Units

  • 23

    Cities

4 Communities in Springfield
CRES Management, LLC
CRES Management, LLC
  • 19

    Communities

  • 3,700

    Units

  • 10

    Cities

4 Communities in Springfield

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United States Missouri Springfield Rental Trends

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 February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity