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City Report · OH

Springfield

Pop. 58,190·90th most expensive in Ohio·Springfield rents are up 22.3% over the past year
Median rent (all units)
$1,267/mo
Year-over-Year
+22.3%
Month-over-Month
-2.1%
vs US Median
-$695
Falling (Monthly)
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Most AffordableMost Expensive
Springfield · $1,267
More affordable than 90% of US cities · National median $1,962/mo
Rent Reality Score
41/100
Fairly priced
OverheatedFairGreat value

Rents are 5% above what Springfield's 10-year trend predicts — running hotter than its own history.

Actual rent
$1,267/mo
Expected by trend
$1,212/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
$700
1 BR
$780
2 BR
$1,020
3 BR
$1,240
4 BR+
$1,420
Fair Market Rent (HUD)
$1,020/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,267 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$15,204/yr
At $1,267/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 22.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+22.3% YoY, -2.1% MoM), not inventory.
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Demographics

Who lives here

Springfield, OH is roughly split between renters and owners, has a median income below the national average, 16.7% of residents hold a bachelor's degree or higher.

Population
58,190
Median income
$47,143
Median age
37.9
Renters
47.6%
Age distribution
23.7%
22.7%
23%
12.8%
17.8%
Under 1823.7%
18–3422.7%
35–5423%
55–6412.8%
65+17.8%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
70.2%
17.3%
White70.2%
Black17.3%
Hispanic5.6%
Other6.4%
Education (25+)
15.1%
36.1%
32.1%
16.7%
No HS diploma15.1%
HS diploma36.1%
Some college32.1%
Bachelor's+16.7%
Housing tenure
52.4%
47.6%
Owner52.4%
Renter47.6%

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

2023 vs 2026

How Springfield, OH has changed in 5 years

Rent
$887 → $1,267
up 42.8%
Income
$42,131 → $47,143
up 11.9%
Population
58,992 → 58,190
down 1.4%
Renter share
48.7% → 47.6%
-1.1 pts
Bachelor's+
15.1% → 16.7%
+1.6 pts
Median age
36.3 → 37.9
+1.6 yrs

Since 2023, the typical rent in Springfield, OH has increased from $887 to $1,267, a 42.8% change over five years. On the earnings side, the typical household in Springfield, OH now reports about $47,143, up from $42,131 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.4% since 2021, moving from about 58,992 residents to roughly 58,190. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and Springfield, OH reflects that arc in its own way.

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 $1,267/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, OH

Last updated: August 17, 2026

The median rent in Springfield is $1,267/mo as of August 2026. A studio apartment averages $700/mo while a 2-bedroom runs $1,020/mo. One-bedroom apartments average $780/mo and 3-bedroom units go for $1,240/mo.

At 32% of local median household income ($47,143/yr), Springfield ranks as moderate compared to the national benchmark of 30%. Rents have increased 22.3% over the past year.

FAQ

Frequently asked questions

Is Springfield an affordable city for renters?

Springfield is considered moderate for renters. At $1,267/mo, rent takes approximately 32% of the local median household income ($47,143/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 $51,000/year (~$25/hour full-time) to afford the median rent of $1,267/mo in Springfield. The local median household income is $47,143/yr, meaning the typical Springfield household falls short of that threshold.

Is rent going up or down in Springfield?

Rent in Springfield has increased 22.3% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Springfield rent compare to other cities in Ohio?

Springfield is one of the more affordable cities in Ohio for rent, ranking #90 out of 124 tracked cities at $1,267/mo.

What percentage of Springfield residents rent vs. own?

According to Census data, approximately 47.6% of Springfield households are renters, while 52.4% 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 $1,267/mo is $695 (35%) below the US national median of $1,962/mo. Within Ohio, it ranks #90 out of 124 tracked cities.
Income Affordability
32%
MODERATE

At $1,267/mo, rent takes ~32% of Springfield's median household income ($47,143/yr). The standard benchmark is 30%.

Springfield 32%Benchmark 30%
State income tax2.75–3.5%
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, OH

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