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Rental Market Trends in Springfield, MO

What is the average rent in Springfield, MO?

$915/month

Average Rent

656 Sq Ft

Average Apartment Size

+2.3%

Increase in the Last Year

As of June 2026, the average rent in Springfield, MO is $915 per month. This is 44% lower than the national average rent of $1,644/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 $861 per month for a studio, $915 for a one-bedroom apartment, and around $1,082 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,479 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$861/month
465 Sq Ft
One Bedroom
$915/month
656 Sq Ft
Two Bedroom
$1,082/month
935 Sq Ft
Three Bedroom
$1,479/month
1,284 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$845/month
517 Sq Ft
Two Bedroom
$1,048/month
771 Sq Ft
Three Bedroom
$1,658/month
1,337 Sq Ft
Four Bedroom
$2,397/month
2,026 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,215/month
982 Sq Ft
Three Bedroom
$1,655/month
1,498 Sq Ft

How much has average rent changed in Springfield, MO?

In the past year, rent has increased by 2.3%, which averages out to $22 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 June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Springfield, MO
Last Updated June 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Springfield, MO
Percentage*
Rent Range
22% Below $700/month
41% $700 - $1,000/month
30% $1,001 - $1,500/month
5% $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, Walnut Street, Phelps and East Springfield are the most affordable neighborhoods in Springfield.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Walnut Street
$860/month
562 Sq Ft
Phelps
$883/month
666 Sq Ft
East Springfield
$884/month
569 Sq Ft
Rountree Area
$887/month
645 Sq Ft
Southern Hills
$962/month
620 Sq Ft
West Central
$977/month
752 Sq Ft
Downtown Springfield
$1,279/month
807 Sq Ft

What are the most expensive neighborhoods in Springfield?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Springfield
$1,279/month
807 Sq Ft
West Central
$977/month
752 Sq Ft
Southern Hills
$962/month
620 Sq Ft
Rountree Area
$887/month
645 Sq Ft
East Springfield
$884/month
569 Sq Ft
Phelps
$883/month
666 Sq Ft
Walnut Street
$860/month
562 Sq Ft

Which Springfield neighborhoods have the most rentals available?

The neighborhoods in Springfield with the most apartments available are East Springfield, Walnut Street and West Central .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
East Springfield
$884/month
569 Sq Ft
Walnut Street
$860/month
562 Sq Ft
West Central
$977/month
752 Sq Ft
Downtown Springfield
$1,279/month
807 Sq Ft
Southern Hills
$962/month
620 Sq Ft
Phelps
$883/month
666 Sq Ft
Rountree Area
$887/month
645 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 $915, you’ll want to make about $3,050 per month or $36,600 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 $861 - $1,479. You can expect to pay 5.9% less for groceries, 21.2% less for utilities, and 10.5% less for transportation.

City

Springfield, MO

1,646 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

Walnut Street

Springfield, MO

Downtown Springfield

Springfield, MO

Studio
$762/month
$813/month
One Bedroom
$796/month
$1,291/month
Two Bedroom
$853/month
$1,258/month
Three Bedroom
$1,536/month
$1,460/month
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

$777 - $2,472

Studio - 4 Beds

The 505 (MO)

The 505 (MO)

505 E St Louis St,
Springfield, MO 65806

$657 - $2,473 Total Monthly Price

Studio - 4 Beds | 11 Month Lease

Farmers Park Apartments

Farmers Park Apartments

2144 E Republic Rd,
Springfield, MO 65804

$1,410 - $2,158

1-2 Beds

The Crescent Apartments

The Crescent Apartments

2620 W Sunshine St,
Springfield, MO 65807

$848 - $2,512

Studio - 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
  • 11

    Communities

  • 389

    Units

  • 3

    Cities

9 Communities in Springfield
TLC Properties
TLC Properties
  • 11

    Communities

  • 1,644

    Units

  • 4

    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
  • 154

    Communities

  • 31,127

    Units

  • 84

    Cities

4 Communities in Springfield
Ghan & Cooper
Ghan & Cooper
  • 53

    Communities

  • 7,639

    Units

  • 23

    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 June 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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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity