Rental market snapshot for Springfield, Massachusetts

Springfield, Massachusetts Rental Property Market Overview

Springfield, Massachusetts is a vibrant city located in the western part of the state. According to the US Census, the population of Springfield in 2021 is 154,789. The city is home to a variety of attractions, including the Basketball Hall of Fame, the Dr. Seuss National Memorial Sculpture Garden, and the Springfield Armory National Historic Site. Springfield is also known for its diverse culture, with a variety of restaurants, shops, and entertainment venues. The city is also home to several universities, including the University of Massachusetts Amherst, Springfield College, and Western New England University.

The average rent for an apartment in Springfield is $1,535. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 3.2% over the past year.

Last Updated September 01, 2023

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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 $1,788.
  • The cheapest ZIP code in Springfield is 01105 with an average price of $1,372.

Springfield ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
101103$1,788
201109$1,680
301108$1,475
401089$1,425
501105$1,372

Live near Springfield, Massachusetts's Top Sights and Attractions

G Frank Adams Park is a picturesque park located in the heart of the city. It features a large pond, a walking path, and plenty of green space for visitors to enjoy. The park also has a playground, picnic areas, and a gazebo. There are also several benches and tables scattered throughout the park, making it a great spot for a leisurely stroll or a picnic lunch. The park is also home to a variety of wildlife, including ducks, geese, and other birds.

Forest Park is a large public park located in Springfield, Massachusetts. It features a variety of recreational activities, including walking and biking trails, a golf course, a swimming pool, tennis courts, and a playground. The park also features a pond, a waterfall, and a variety of trees and plants. There is also a large picnic area and a pavilion for special events. The park is a popular destination for families and visitors alike, offering a peaceful and scenic escape from the hustle and bustle of the city.

Emerson Wight Park is a beautiful outdoor space located in the heart of the city. It features a large pond, walking trails, picnic areas, and a playground. The park is surrounded by lush trees and vegetation, making it a great spot for a peaceful stroll or a picnic. The pond is stocked with fish, and visitors can rent boats and fishing equipment to enjoy a day on the water. The playground is equipped with swings, slides, and other fun activities for children. The park also hosts a variety of events throughout the year, including concerts, festivals, and outdoor movies.

The Basketball Hall of Fame is a museum and hall of fame dedicated to the history of basketball. It is located in a large building with a dome-shaped roof, and features interactive exhibits, memorabilia, and a theater. Inside, visitors can explore the history of the game, view artifacts from the sport's greatest players, and learn about the rules and strategies of the game. The Hall of Fame also hosts special events, such as basketball tournaments and clinics, throughout the year.

North Branch Tributary Park is a scenic outdoor area located in a quiet, wooded area. It features a variety of trails for walking, running, and biking, as well as a playground and picnic area. The park also has a pond with a fishing dock, and a boardwalk that winds through the wetlands. Visitors can also enjoy the views of the nearby river and the wildlife that inhabits the area.

Van Horn Park is a scenic outdoor destination located in a picturesque valley. It features a variety of activities, including a playground, picnic area, walking trails, and a pond. The park is surrounded by lush trees and rolling hills, providing a tranquil setting for visitors to enjoy. The pond is stocked with fish, and visitors can rent canoes and kayaks to explore the area. The park also has a variety of wildlife, including birds, deer, and other animals. Visitors can also take part in educational programs and special events throughout the year.

King Phillip's Stockade is an outdoor living history museum that recreates a 17th century Native American village. Visitors can explore the recreated village, which includes wigwams, a palisade, and a trading post, and learn about the lives of the Nipmuc people who lived there. The site also includes a museum with artifacts and interactive exhibits, as well as a nature trail.

Springfield Armory National Historic Site is a former United States armory located in Springfield, Massachusetts. It was the first federal armory and one of the most important arsenals in the nation's history. Visitors to the site can explore the museum, which features a variety of exhibits on the history of the armory, as well as the historic buildings and grounds. The armory is also home to a variety of special events and programs throughout the year.

Riverfront Park is a scenic riverside park located along the Connecticut River in Springfield, Massachusetts. It features a variety of recreational activities, including walking and biking trails, a playground, picnic areas, and a fishing pier. The park also offers stunning views of the river and the surrounding area, as well as a variety of wildlife. Visitors can also take advantage of the park's boat launch and canoe and kayak rentals.

Emily Bill Park is a picturesque park located in the heart of a bustling city. It features a large pond with a fountain, a walking path, and plenty of green space for picnicking and relaxing. The park is also home to a variety of wildlife, including ducks, geese, and other birds. In addition, the park has a playground, a gazebo, and a pavilion for events. The park is a popular spot for locals and visitors alike, and is a great place to spend a sunny day.

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
Wayland$3,576
East Falmouth$3,320
Chester$3,265
Woburn$2,983
Belmont$2,900
North Eastham$2,750
Lynn$2,374

Average household income in Springfield area graph - US Census

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The median household income in Springfield in 2021 was $43,308. This represents a 21.6% change from 2011 when the median was $35,603.

#categorypercent
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%

Neighborhoods in Springfield

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 August , the average rent in Springfield is $1,535.
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