Rental market snapshot for Springfield, Illinois

Springfield, Illinois Rental Property Market Overview

Springfield, Illinois is a vibrant city with a population of 113,394, according to the US Census in 2021. It is the state capital of Illinois and is known for its rich history and culture. The city is home to a variety of attractions, including the Abraham Lincoln Presidential Library and Museum, the Illinois State Capitol, and the Dana-Thomas House. Springfield also offers a variety of outdoor activities, such as hiking, biking, and fishing. With its diverse population, vibrant culture, and rich history, Springfield is a great place to live and visit. (Source: US Census, 2021)

The average rent for an apartment in Springfield is $1,032. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Springfield Illinois | Cost of Living

  • The most expensive ZIP code in Springfield is 62703 with an average price of $1,106.
  • The cheapest ZIP code in Springfield is 62702 with an average price of $1,052.

Springfield ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
162703$1,106
262707$1,084
362704$1,060
462702$1,052

Live near Springfield, Illinois's Top Sights and Attractions

Lincoln Park is a popular attraction located in Springfield, Illinois. It is a large park with a variety of activities, including walking trails, a lake, a playground, and a golf course. The park also has a variety of monuments and statues, including a statue of Abraham Lincoln, the 16th President of the United States. The park is a great place to spend a day outdoors, with plenty of activities for people of all ages.

Kiwanis Park is a popular outdoor destination located in the heart of Springfield. It features a variety of recreational activities, including a large playground, a walking path, a fishing pond, and a picnic area. The park also has a variety of sports fields, including baseball, softball, and soccer. Additionally, the park is home to a large outdoor amphitheater, which hosts a variety of concerts and events throughout the year.

Pearson Museum is a historic house museum located in a residential neighborhood in Springfield, Illinois. The museum is housed in a two-story, Italianate-style home built in 1867 by local businessman and politician, William Pearson. The museum features a variety of artifacts from the Pearson family, including furniture, artwork, and personal items. Visitors can also explore the home's original features, such as the grand staircase, ornate woodwork, and stained glass windows. The museum also offers educational programs and special events throughout the year.

The Illinois Firefighter Memorial is a memorial dedicated to the brave men and women who have served as firefighters in the state of Illinois. The memorial is located in a park-like setting, surrounded by trees and a reflecting pool. The centerpiece of the memorial is a bronze sculpture of a firefighter carrying a child in his arms. The sculpture is surrounded by a brick wall with the names of fallen firefighters etched into it. The memorial also includes a bell tower, a flagpole, and a memorial garden.

The Illinois Firefighter Memorial is a memorial dedicated to the brave men and women who have lost their lives in the line of duty while serving as firefighters. The memorial features a bronze sculpture of a firefighter carrying a child, surrounded by a reflecting pool and a granite wall inscribed with the names of fallen firefighters. The memorial is located in a park-like setting, with a flagpole, benches, and a walkway. The memorial is a place of remembrance and reflection for all who have served and sacrificed for the safety of others.

Sangamon Valley Greenway is a scenic trail that runs along the Sangamon River in central Illinois. It is a popular spot for outdoor activities such as hiking, biking, and fishing. The trail is lined with trees and wildflowers, and offers stunning views of the river and the surrounding countryside. It is a great place to take a leisurely stroll or to get some exercise. The trail is also home to a variety of wildlife, including deer, wild turkeys, and bald eagles.

Washington Park is a large, lush park located in the heart of Springfield. It features a wide variety of attractions, including a lake, a playground, a large open field, a gazebo, and a variety of walking and biking trails. The park also has a variety of trees, shrubs, and flowers, making it a great place to relax and enjoy nature.

Lincoln Home National Historic Site is a preserved historic home of the 16th President of the United States, Abraham Lincoln. The home was built in 1839 and is located in a four-block area in the heart of the city. Visitors can explore the home, the neighborhood, and the surrounding area to learn more about Lincoln's life and times. The site also includes a visitor center, a museum, and a library. The home is filled with original artifacts and furnishings from the Lincoln family, as well as a variety of interactive exhibits. Visitors can also take a guided tour of the home and the neighborhood.

Jaycee Park is a beautiful outdoor destination located in the heart of the city. It features lush green lawns, winding pathways, and a tranquil lake. The park is a popular spot for picnics, fishing, and other recreational activities. There are also several playgrounds, a skate park, and a disc golf course. The park also hosts a variety of events throughout the year, such as concerts, festivals, and art shows. With its stunning scenery and diverse attractions, Jaycee Park is a great place to spend a day with family and friends.

Southwind Park is a beautiful outdoor space located in the heart of Illinois. It features a large lake, walking trails, picnic areas, and a playground. The park also has a variety of wildlife, including ducks, geese, and other birds. Visitors can enjoy fishing, boating, and other recreational activities. The park is also home to a variety of events throughout the year, including concerts, festivals, and other special events.

Springfield, Illinois area median rent change by ZIP code map

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How does Springfield compare to other cities in Illinois?

citymedian price
Niles$2,505
Naperville$2,165
Sailor Springs$1,970
Alsip$1,645
Collinsville$1,350
Washington$1,300
Champaign$1,150
Pekin$700

Average household income in Springfield area graph - US Census

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The median household income in Springfield in 2021 was $57,596. This represents a 16.1% change from 2011 when the median was $49,627.

#categorypercent
0Less than $10,0007.8%
1$10,000 to $14,9995.6%
2$15,000 to $19,9995.1%
3$20,000 to $24,9994.9%
4$25,000 to $29,9994.7%
5$30,000 to $34,9995.3%
6$35,000 to $39,9993.8%
7$40,000 to $44,9994.9%
8$45,000 to $49,9994.1%
9$50,000 to $59,9998.1%
10$60,000 to $74,9999.0%
11$75,000 to $99,99913.1%
12$100,000 to $124,9998.5%
13$125,000 to $149,9995.0%
14$150,000 to $199,9995.2%
15$200,000 or more4.8%

Neighborhoods in Springfield

We currently do not have this data but we are working to add this soon.

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.

As of February , the average rent in Springfield is $1,032.
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