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City Report · TN

Springfield

Pop. 19,255·43rd most expensive in Tennessee·Rental market data updated monthly for Springfield, TN
Median rent (all units)
$1,554/mo
Year-over-Year
-3.8%
Month-over-Month
-1.6%
vs US Median
-$411
Falling (Monthly)
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Most AffordableMost Expensive
Springfield · $1,554
More affordable than 72% of US cities · National median $1,965/mo
Rent Reality Score
61/100
Good value
OverheatedFairGreat value

Rents are 6% below what Springfield's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,554/mo
Expected by trend
$1,646/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
$1,320
1 BR
$1,370
2 BR
$1,520
3 BR
$1,920
4 BR+
$2,360
Research median
$1,520/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
$18,648/yr
At $1,554/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 3.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-3.8% YoY, -1.6% MoM), not inventory.
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Demographics

Who lives here

Springfield, TN is majority owner-occupied, has a large share of families with children, has a median income below the national average, 16.6% of residents hold a bachelor's degree or higher.

Population
19,255
Median income
$59,465
Median age
34.5
Renters
44.3%
Age distribution
27.1%
23.9%
26.8%
Under 1827.1%
18–3423.9%
35–5426.8%
55–6410.5%
65+11.7%
Gender
51.3%
48.7%
Male51.3%
Female48.7%
Race & ethnicity
48.9%
21%
26.9%
White48.9%
Black21%
Hispanic26.9%
Asian0.8%
Other2.4%
Education (25+)
14.8%
46.7%
21.9%
16.6%
No HS diploma14.8%
HS diploma46.7%
Some college21.9%
Bachelor's+16.6%
Housing tenure
55.7%
44.3%
Owner55.7%
Renter44.3%

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

2023 vs 2026

How Springfield, TN has changed in 5 years

Rent
$1,574 → $1,554
down 1.3%
Income
$50,655 → $59,465
up 17.4%
Population
18,561 → 19,255
up 3.7%
Renter share
43.2% → 44.3%
+1.1 pts
Bachelor's+
16% → 16.6%
+0.6 pts

Rent in Springfield, TN has declined 1.3% since 2023, going from about $1,574 per month to roughly $1,554 today. Local incomes tracked alongside that move, going from a median of $50,655 in 2021 to $59,465 more recently. Income growth outran rent by about 18.7 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 18,561 to 19,255 between 2021 and 2024, a 3.7% change. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Springfield, TN market of 2023.

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 $1,554/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, TN

Last updated: July 20, 2026

The median rent in Springfield is $1,554/mo as of July 2026. A studio apartment averages $1,320/mo while a 2-bedroom runs $1,520/mo. One-bedroom apartments average $1,370/mo and 3-bedroom units go for $1,920/mo.

At 31% of local median household income ($59,465/yr), Springfield ranks as moderate compared to the national benchmark of 30%. Rents have decreased 3.8% over the past year.

FAQ

Frequently asked questions

Is Springfield an affordable city for renters?

Springfield is considered moderate for renters. At $1,554/mo, rent takes approximately 31% of the local median household income ($59,465/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 $62,000/year (~$30/hour full-time) to afford the median rent of $1,554/mo in Springfield. The local median household income is $59,465/yr, meaning the typical Springfield household falls short of that threshold.

Is rent going up or down in Springfield?

Rent in Springfield has decreased 3.8% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Springfield rent compare to other cities in Tennessee?

Springfield is middle-of-the-pack for Tennessee for rent, ranking #43 out of 65 tracked cities at $1,554/mo.

Which nearby cities are cheaper to rent in than Springfield?

Russellville is nearby and more affordable at $890/mo, which is $664 less than Springfield.

What percentage of Springfield residents rent vs. own?

According to Census data, approximately 44.3% of Springfield households are renters, while 55.7% 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 $1,554/mo is $411 (21%) below the US national median of $1,965/mo. Within Tennessee, it ranks #43 out of 65 tracked cities.
Income Affordability
31%
MODERATE

At $1,554/mo, rent takes ~31% of Springfield's median household income ($59,465/yr). The standard benchmark is 30%.

Springfield 31%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Springfield, TN

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