Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Life in Springfield & Beyond
Springfield shares many of the great qualities that make Pennsylvania a desirable place to live.
Pennsylvania is a state rich in history and charm. Explore the state's culture by visiting historic sites like Independence Hall, the Liberty Bell, and Gettysburg National Military Park. Pennsylvania is also home to respected universities like the University of Pennsylvania, Carnegie Mellon University, Drexel University, and Penn State University. Pennsylvania's economy thrives on manufacturing, healthcare, and technology. The state is also home to a thriving theater and art scene, with institutions such as the Kimmel Center for the Performing Arts, the Pittsburgh Symphony Orchestra, and the Pennsylvania Ballet.
For those who love the great outdoors, Pennsylvania offers opportunities for skiing in the Pocono Mountains, fishing in Lake Erie, and exploring the scenic Appalachian Mountains. Sports fans can catch professional games for teams like the Philadelphia Eagles (NFL), Pittsburgh Steelers (NFL), Philadelphia Flyers (NHL), Philadelphia Phillies (MLB), and Philadelphia 76ers (NBA). Be amazed by the popular attractions like the Philly Cheesesteak, the Amish Country, and the Pittsburgh Zoo.
Discover a blend of old and new in Pennsylvania, where history and progress coexist to make it a great place to live.
Rental Market Trends
Springfield, PA
As of June 2026, Springfield's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Springfield's average rent is 0.8% ($13) higher than the Pennsylvania average of $1,581 and 11.3% ($203) lower than the U.S. average of $1,797.
Average Rent
$1,594
Monthly ChangeMonth Over Month Change
2.2% ($34)
Yearly ChangeYear Over Year Change
9.7% ($141)
Avg. Days on MarketAverage Days on Market
39
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,280 | 0.2% ($2) | 2.5% ($31) |
| 2 Beds | $1,560 | 1.1% ($18) | 2% ($31) |
| 3 Beds | $1,755 | 0.8% ($15) | 2.1% ($38) |
| Nearby Cities | Average Rent | Avg. Rent vs. SpringfieldAverage Rent vs. Springfield | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Morton | $1,720 | 7.9% ($126) | 35 days |
| Drexel Hill | $1,204 | 24.5% ($390) | 34 days |
| Clifton Heights | $1,411 | 11.5% ($183) | 37 days |
| Folsom | $1,218 | 23.6% ($376) | 34 days |
| Media | $2,055 | 28.9% ($461) | 36 days |
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, PA.
The average rent in Springfield, PA is $1,594 per month.
Homes in Springfield typically rent for between $896 and $2,282 per month, with an average of $1,594 per month.
In Springfield, the average rent for a 1-bedroom home is $1,280 per month, for a 2-bedroom home, $1,560 per month, and a 3-bedroom home is $1,755 per month.
The average rent in Springfield is 11.3% ($203) lower than the national average of $1,797 per month.
The average rent in Springfield has increased by 2.2% ($34) in the last month and increased by 9.7% ($141) over the past year.
The rental market in Springfield, PA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Springfield, PA, the average rental stays on the market for approximately 39 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $62,400 to comfortably afford a 2-bedroom home in Springfield.
