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City Report · NJ

Springfield

Pop. 1,304·78th most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$2,694/mo
Year-over-Year
Stable
Month-over-Month
-1.9%
vs US Median
+$729
Falling (Monthly)
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Most AffordableMost Expensive
Springfield · $2,694
More expensive than 84% of US cities · National median $1,965/mo
Affordability
13% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,694/mo, rent takes about 13% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$108,000/yr
Local median income
$250,001/yr
Based on the 30%-of-income rule using Springfield's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,090
1 BR
$2,380
2 BR
$2,880
3 BR
$3,630
4 BR+
$4,120
Research median
$2,880/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
$32,328/yr
At $2,694/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -1.9% MoM), not inventory.
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Demographics

Who lives here

Springfield, NJ is majority owner-occupied, has a median income above the national average, 59.1% of residents hold a bachelor's degree or higher.

Population
1,304
Median income
$250,001
Median age
42.1
Renters
15.3%
Age distribution
16.9%
59.1%
12.2%
Under 1816.9%
18–346.9%
35–5459.1%
55–644.9%
65+12.2%
Gender
46.6%
53.4%
Male46.6%
Female53.4%
Race & ethnicity
28.8%
32.4%
38.9%
White28.8%
Black7.9%
Hispanic32.4%
Asian38.9%
Education (25+)
26.8%
59.1%
No HS diploma2.1%
HS diploma12%
Some college26.8%
Bachelor's+59.1%
Housing tenure
84.7%
15.3%
Owner84.7%
Renter15.3%

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

2021 vs 2026

How Springfield, NJ has changed in 5 years

Income
$127,177 → $250,001
up 96.6%
Population
1,479 → 1,304
down 11.8%
Renter share
25.5% → 15.3%
-10.2 pts
Bachelor's+
70.1% → 59.1%
-11.0 pts

Local incomes tracked alongside that move, going from a median of $127,177 in 2021 to $250,001 more recently. Census counts show Springfield, NJ losing about 175 residents over the five-year window, down 11.8% on net. The renter share has eased from 25.5% to 15.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 70.1% to 59.1% across the same window.

Community

Discussions about Springfield

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

Can you afford rent in Springfield on your salary?

At $2,694/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, NJ

Last updated: July 20, 2026

The median rent in Springfield is $2,694/mo as of July 2026. A studio apartment averages $2,090/mo while a 2-bedroom runs $2,880/mo. One-bedroom apartments average $2,380/mo and 3-bedroom units go for $3,630/mo.

At 13% of local median household income ($250,001/yr), Springfield ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Springfield an affordable city for renters?

Springfield is considered very affordable for renters. At $2,694/mo, rent takes approximately 13% of the local median household income ($250,001/yr). The standard benchmark is 30%. Springfield falls comfortably within that range.

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 $108,000/year (~$52/hour full-time) to afford the median rent of $2,694/mo in Springfield. The local median household income is $250,001/yr, meaning the typical Springfield household meets that threshold.

Is rent going up or down in Springfield?

Rent in Springfield has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Springfield rent compare to other cities in New Jersey?

Springfield is middle-of-the-pack for New Jersey for rent, ranking #78 out of 180 tracked cities at $2,694/mo.

What percentage of Springfield residents rent vs. own?

According to Census data, approximately 15.3% of Springfield households are renters, while 84.7% are owner-occupied. Springfield leans toward homeownership, which can mean a smaller rental inventory.

How does Springfield rent compare to the national average?

Springfield's median rent of $2,694/mo is $729 (37%) above the US national median of $1,965/mo. Within New Jersey, it ranks #78 out of 180 tracked cities.
Income Affordability
13%
VERY AFFORDABLE

At $2,694/mo, rent takes ~13% of Springfield's median household income ($250,001/yr). The standard benchmark is 30%.

Springfield 13%Benchmark 30%
State income tax1.4–10.75%
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, NJ

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