City Report · MO

Springfield

Pop. 169,954·56th most expensive in Missouri·One of the most affordable rental markets in the US
Median rent (all units)
$1,230/mo
Year-over-Year
+3.4%
Month-over-Month
+0.2%
vs US Median
-$735
Stable (Monthly)
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Most AffordableMost Expensive
Springfield · $1,230
More affordable than 91% of US cities · National median $1,965/mo
Rent Reality Score
58/100
Fairly priced
OverheatedFairGreat value

Rents are 4% below what Springfield's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,230/mo
Expected by trend
$1,280/mo
The Rent Reality Score compares today's median rent to where Springfield's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$793
1 BR
$798
2 BR
$1,002
3 BR
$1,378
4 BR+
$1,545
Research median
$1,002/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$14,760/yr
At $1,230/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.4% YoY, +0.2% MoM), not inventory.
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Demographics

Who lives here

Springfield, MO is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 31.4% of residents hold a bachelor's degree or higher.

Population
169,954
Median income
$49,311
Median age
33.7
Renters
56.1%
Age distribution
17.7%
33.7%
22.1%
16.2%
Under 1817.7%
18–3433.7%
35–5422.1%
55–6410.3%
65+16.2%
Gender
48.4%
51.6%
Male48.4%
Female51.6%
Race & ethnicity
83.8%
White83.8%
Black4.6%
Hispanic5.8%
Asian1.9%
Other3.9%
Education (25+)
28.3%
33.1%
31.4%
No HS diploma7.2%
HS diploma28.3%
Some college33.1%
Bachelor's+31.4%
Housing tenure
43.9%
56.1%
Owner43.9%
Renter56.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Springfield, MO has changed in 5 years

Rent
$909 → $1,230
up 35.3%
Income
$39,991 → $49,311
up 23.3%
Population
168,603 → 169,954
up 0.8%
Renter share
57.1% → 56.1%
-1.0 pts
Bachelor's+
29.7% → 31.4%
+1.7 pts
Median age
33.2 → 33.7
+0.5 yrs

Rent in Springfield, MO has increased 35.3% since 2021, going from about $909 per month to roughly $1,230 today. On the earnings side, the typical household in Springfield, MO now reports about $49,311, up from $39,991 in 2021. Rent outpaced income growth by roughly 12.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Springfield, MO reflects that arc in its own way.

Community

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View Springfield rent history (2015–2026) →
Salary vs rent

Can you afford rent in Springfield on your salary?

At $1,230/mo, how Springfield rent compares to typical pay (30% rule).

By apartment size

Springfield rent by bedroom count

Median rent for each apartment size in Springfield. Click any size for full breakdown.

Local insights

Tips for renters in Springfield

About renting in Springfield, MO

Last updated: July 20, 2026

The median rent in Springfield is $1,230/mo as of July 2026. A studio apartment averages $793/mo while a 2-bedroom runs $1,002/mo. One-bedroom apartments average $798/mo and 3-bedroom units go for $1,378/mo.

At 30% of local median household income ($49,311/yr), Springfield ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

Is Springfield an affordable city for renters?

Springfield is considered moderate for renters. At $1,230/mo, rent takes approximately 30% of the local median household income ($49,311/yr). The standard benchmark is 30%. Springfield slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Springfield?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (~$24/hour full-time) to afford the median rent of $1,230/mo in Springfield. The local median household income is $49,311/yr, meaning the typical Springfield household meets that threshold.

Is rent going up or down in Springfield?

Rent in Springfield has increased 3.4% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Springfield neighborhoods have the lowest rent?

The most affordable ZIP codes in Springfield are 65806 ($1,027/mo), 65803 ($1,100/mo), and 65802 ($1,163/mo). Citywide, the median rent in Springfield is $1,230/mo.

How does Springfield rent compare to other cities in Missouri?

Springfield is one of the more affordable cities in Missouri for rent, ranking #56 out of 74 tracked cities at $1,230/mo.

Which nearby cities are cheaper to rent in than Springfield?

Rogersville is nearby and more affordable at $1,125/mo, which is $105 less than Springfield.

What percentage of Springfield residents rent vs. own?

According to Census data, approximately 56.1% of Springfield households are renters, while 43.9% are owner-occupied. With a majority renter population, Springfield has a strong rental market.

How does Springfield rent compare to the national average?

Springfield's median rent of $1,230/mo is $735 (37%) below the US national median of $1,965/mo. Within Missouri, it ranks #56 out of 74 tracked cities.
Income Affordability
30%
MODERATE

At $1,230/mo, rent takes ~30% of Springfield's median household income ($49,311/yr). The standard benchmark is 30%.

Springfield 30%Benchmark 30%
State income tax2–4.7%
Run the Springfield affordability calculator →
Lowest-rent ZIP codes in Springfield
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Springfield, MO

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