Last updated
Average Rent in Springfield 01001 & Rent Trends
Rent prices and market trends across 1 apartment community in Springfield 01001, Springfield, MA. Updated daily.
Market Average
$1,200/mo
Lowest Available
$1,200/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
1
available now
Springfield 01001 vs Springfield, MA Average
Springfield 01001 is cheaper the Springfield, MA average by $425/mo (26%). The citywide average is $1,625/mo across all neighborhoods.
Is Rent Going Up or Down in Springfield 01001?
As of May 2026, the average rent in Springfield 01001 is $1,200 per month across 1 apartment community and 1 available units.
The most affordable option is VP Management starting at $1,200/mo. By unit type, a 2-bedroom averages $1,200/mo.
Prices range from $1,200 to $1,200 per month.
Springfield 01001 Rent Price History
Rent by Bedroom Type in Springfield 01001
Rent Prices by Apartment in Springfield 01001
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| VP Management | $1,200/mo | $1,200/mo | 1 | 4.7 |
Google Search Trends for Springfield 01001 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Springfield 01001
What is the average rent in Springfield 01001?
Is rent going up or down in Springfield 01001?
What is the cheapest apartment in Springfield 01001?
How many apartments are available in Springfield 01001?
What salary do I need to live comfortably in Springfield 01001?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$48,000/year
30 percent rule -- using our average rent of $1,200/mo.
Comfortable income
$58,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
Median household income in Springfield 01001 is $51,339 , about 11% below the comfortable-living threshold.
Cost of living in Springfield 01001
Overall prices in Springfield 01001 runs below the national average by about 2% (BEA Regional Price Parity index 98.1, 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 01001's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,200 |
| Utilities | $338 |
| Groceries | $533 |
| Transportation | $805 |
| Healthcare | $392 |
| Other goods and services | $628 |
| Estimated total | $3,896/mo |
Population
154,751
Median household income
$51,339
Census median rent
$1,114/mo
Rent as % of income
34.8%
Median age
33.7
Mean commute
21 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 01001 Apartments
Browse all 1 communities with daily-updated pricing and availability.