Rental market snapshot for Springfield, Massachusetts

Springfield, Massachusetts Rental Property Market Overview

The average rent for an apartment in Springfield is $1,336. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 5.9% over the past year.

Springfield is a city in Massachusetts. It is the third largest city in the state and the seat of Hampden County. Springfield sits on the eastern bank of the Connecticut River near its confluence with three rivers: the western Westfield River, the eastern Chicopee River, and the eastern Mill River. As of the 2010 Census, the city's population was 153,060. As of 2019, the estimated population was 155,032, making it the fourth-largest city in Massachusetts after Boston, Worcester, and Springfield. Springfield is the commercial and cultural hub of Western Massachusetts and the Pioneer Valley. It is home to the Basketball Hall of Fame, the American Hockey League, and the MassMutual Center. Springfield College is located in Springfield.

Last Updated December 23, 2022

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Average monthly rent graph in Springfield Massachusetts | Cost of Living

  • The most expensive ZIP Code in Springfield is 01103 with an average price of $1,635
  • The cheapest ZIP Code in Springfield is 01109 with an average price of $961

Springfield ZIP Codes with the highest, most expensive rent

#zip codeaverage rent

Live near Springfield, Massachusetts's Top Sights and Attractions

G Frank Adams Park is a scenic park located in the heart of the city. The park features a variety of beautiful gardens, a pond, and a walking trail.

Forest Park is a 763-acre public park located in Springfield, Massachusetts. The park is home to a variety of attractions, including the Zoo in Forest Park, the Forest Park Carousel, the Forest Park Museum, and the Forest Park Golf Course. The park also features a number of hiking and biking trails, picnic areas, and playgrounds.

Emerson Wight Park is a large park with a pond in the center. There are walking trails around the pond and through the woods. The park also has a playground, picnic area, and basketball courts.

The Basketball Hall of Fame is a museum and hall of fame for basketball players, coaches, and other contributors to the sport of basketball. It is located in Springfield, Massachusetts.

North Branch Tributary Park is a scenic park located along the North Branch of the Mill River. The park features a variety of amenities including a playground, picnic area, walking trails, and a fishing pier.

Van Horn Park is a small park located in the center of Springfield, Massachusetts. The park is home to a variety of trees, shrubs, and flowers, as well as a small pond. Visitors to the park can enjoy a variety of activities, including picnicking, fishing, and hiking.

King Phillip's Stockade is an attraction in Springfield, Massachusetts that is a replica of the original stockade that was built in 1675. The stockade was used to protect the settlers from the Native Americans during the King Philip's War.

The Springfield Armory National Historic Site is a former United States armory located in Springfield, Massachusetts. The site includes the world's largest collection of historic American firearms.

Springfield, Massachusetts area median rent change by ZIP Code map

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How does Springfield compare to other cities in Massachusetts ?

citymedian price
North Andover$2,660

Average household income in Springfield area graph - US Census

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The median household income in Springfield in 2021 was $41,571. This represents a 16.8% change from 2011 when the median was $35,603.

0Less than $10,00011.0%
1$10,000 to $14,9999.2%
2$15,000 to $19,9996.7%
3$20,000 to $24,9995.3%
4$25,000 to $29,9995.7%
5$30,000 to $34,9996.2%
6$35,000 to $39,9994.6%
7$40,000 to $44,9995.0%
8$45,000 to $49,9993.7%
9$50,000 to $59,9997.0%
10$60,000 to $74,9998.3%
11$75,000 to $99,99910.4%
12$100,000 to $124,9996.8%
13$125,000 to $149,9994.2%
14$150,000 to $199,9993.9%
15$200,000 or more2.1%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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