Rental market snapshot for Springfield, Jacksonville
Springfield rental market summary
The rental market in Springfield, Florida is showing signs of growth. In July 2023, there were 82 new listings, a significant increase from the previous month. The median rent for July 2023 was $995, a 37.8% decrease from the previous month and a 49.7% decrease from July 2022. This indicates that the rental market in Springfield is becoming more affordable for tenants.
The decrease in median rent is likely due to the influx of new listings, as landlords are competing for tenants and offering lower prices. This is great news for tenants, as they can now find more affordable housing options in Springfield. The rental market in Springfield is becoming increasingly competitive, and tenants are sure to benefit from this trend.
Median rent for all residential properties in Springfield
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The most expensive listings and top trending buildings in Springfield
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
325 E 1st St | $3,000 | 3 / 2.0 |
1331 N Laura St | $2,575 | 4 / 2.0 |
1721 N Liberty St | $2,300 | 3 / 2.0 |
240 W 11th St | $1,875 | 4 / 2.0 |
1303 N Main St | $1,780 | 1 / 1.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
JWB Real Estate Companies | $996 |
180 Investment and Development Group | $740 |
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Bedroom Breakdown in Springfield
Springfield neighborhood apartments rents
The rental market for studios in Springfield, Florida appears to be relatively stable, with only one new studio listing in July 2023 and a median rent of $623. Unfortunately, no data is available for June 2023, so it is not possible to determine the percent change in rent from June to July. Overall, the rental market for studios in Springfield appears to be relatively stable.
The rental market for 1-bedroom apartments in Springfield, Florida is showing signs of growth. In July 2023, there were 11 new 1-bedroom listings, a 20.4% increase from the median rent in June 2023. The median rent for 1-bedroom apartments in July 2023 was $995, a significant decrease from the median rent in June 2023 of $1,250. This suggests that the rental market for 1-bedroom apartments in Springfield, Florida is becoming more affordable and attractive to potential renters.
The rental market for 2-bedroom apartments in Springfield, Florida is showing signs of growth. In July 2023, there were two new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $1,322, a 3.4% increase from the median rent in June 2023 of $1,278. This suggests that the rental market for 2-bedroom apartments in Springfield is becoming more competitive, with landlords likely raising their prices to meet the increased demand.