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What to Know About
Living in Springfield, IL
Springfield is the historic capital city of Illinois, known for its rich history, charming neighborhoods, and numerous attractions. Springfield's most famous figure is Abraham Lincoln, and visitors can explore his legacy at attractions like the Lincoln Home National Historic Site, Abraham Lincoln Presidential Library and Museum, and Illinois State Capitol. The city also has several top-rated universities, including the University of Illinois at Springfield and Lincoln Land Community College. The local economy is strong, with various manufacturing, technology, and healthcare companies in the area ensuring that residents have access to a wide range of employment opportunities.
Nature enthusiasts got plenty to enjoy with the Henson Robinson Zoo, Washington Park Botanical Garden, and the Sangamon River Trail. In addition, Springfield is home to a diverse range of events that take place throughout the year, such as the Illinois State Fair held in the city every August, the Springfield Jazz and Roots Festival, and the International Route 66 Mother Road Festival, which are all great opportunities to explore the city's rich culture and history.
Springfield is an excellent place to call home, with its friendly community, rich history, and outstanding economy.
Rental Market Trends
Springfield, IL
As of June 2025, Springfield's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Springfield's average rent is 42.4% ($722) lower than the Illinois average of $1,703 and 45.0% ($803) lower than the U.S. average of $1,784.
Average Rent
$981
Monthly ChangeMonth Over Month Change
0.1% ($1)
Yearly ChangeYear Over Year Change
7.5% ($79)
Avg. Days on MarketAverage Days on Market
25
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $778 | 0.1% ($1) | 1.8% ($14) |
| 2 Beds | $992 | 1.4% ($14) | 1.3% ($13) |
| 3 Beds | $1,384 | 4.8% ($63) | 3.3% ($44) |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Springfield Rental Market FAQs
Explore rental prices, market trends, and availability in Springfield, IL.
The average rent in Springfield, IL is $981 per month.
Homes in Springfield typically rent for between $600 and $1,799 per month, with an average of $981 per month.
In Springfield, the average rent for a 1-bedroom home is $778 per month, for a 2-bedroom home, $992 per month, and a 3-bedroom home is $1,384 per month.
The average rent in Springfield is 45% ($803) lower than the national average of $1,784 per month.
The average rent in Springfield has increased by 0.1% ($1) in the last month and decreased by 7.5% ($79) over the past year.
The rental market in Springfield, IL, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Springfield, IL, the average rental stays on the market for approximately 25 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 72 rental properties available in Springfield, IL.
Based on the current averages, a household would need an annual income of $39,680 to comfortably afford a 2-bedroom home in Springfield.
