Last updated
Average Rent in Springfield, IL & Rent Trends
Rent prices and market trends across 7 apartment communities in Springfield, IL. Updated daily.
Market Average
$1,150/mo
▲ +30.6% from last month
Lowest Available
$725/mo
cheapest unit on market
Communities
7
tracked daily
Units Listed
15
available now
Rent by Neighborhood in Springfield, IL
Compare average rent across Springfield, IL neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Springfield 62711 | $1,574 | $1,280 | 1 | 5 |
| Downtown | $1,480 | $1,060 | 1 | 3 |
| Springfield 62704 | $1,199 | $850 | 4 | 16 |
| Laketown | $869 | $600 | 2 | 9 |
Is Rent Going Up or Down in Springfield, IL?
As of May 2026, the average rent in Springfield, IL is $1,150 per month across 7 apartment communities and 15 available units. Rents have increased $293 (30.6%) over the past month.
The most affordable option is Whispering Pines Apartment Homes starting at $725/mo. By unit type, a 2-bedroom averages $1,150/mo.
Prices range from $725 to $1,645 per month. The most common price point is the $800 range, where 4 units are currently listed.
Springfield, IL Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Springfield, IL
Rent Prices by Apartment in Springfield, IL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Whispering Pines Apartment Homes | $725/mo | $833/mo | 3 | 2.6 |
| The Boulevard Townhomes | $900/mo | $938/mo | 2 | 3.6 |
| Huntington Ridge Apartments | $1,003/mo | $1,003/mo | 1 | 3.5 |
| Meadow View Landing | $1,020/mo | $1,200/mo | 2 | 3.5 |
| Capital City Property Management LLC | $1,050/mo | $1,142/mo | 3 | 3.6 |
| Lincoln Tower Apartments | $1,380/mo | $1,380/mo | 1 | 3.5 |
| Rosemoore Apartments | $1,510/mo | $1,557/mo | 3 | 4.2 |
Google Search Trends for Springfield, IL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Springfield, IL
What is the average rent in Springfield, IL?
Is rent going up or down in Springfield, IL?
What is the cheapest apartment in Springfield, IL?
How many apartments are available in Springfield, IL?
What salary do I need to live comfortably in Springfield, IL?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$46,000/year
30 percent rule -- using our average rent of $1,150/mo.
Comfortable income
$55,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($725/mo), you need to earn at least $29,000/year.
Median household income in Springfield, IL is $65,537 , about 19% above the comfortable-living threshold.
Cost of living in Springfield, IL
Overall prices in Springfield, IL runs below the national average by about 9% (BEA Regional Price Parity index 90.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Springfield, IL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,150 |
| Utilities | $280 |
| Groceries | $503 |
| Transportation | $668 |
| Healthcare | $326 |
| Other goods and services | $522 |
| Estimated total | $3,449/mo |
Population
113,714
Median household income
$65,537
Census median rent
$945/mo
Rent as % of income
28.4%
Median age
40.7
Mean commute
18 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Springfield, IL Apartments
Browse all 7 communities with daily-updated pricing and availability.