Orchard Park
1516 Seven Pines Rd,
Springfield, IL 62704
1-3 Beds | $1,365
Rental Market Trends in Springfield, IL
What is the average rent in Springfield, IL?
$824/month
Average Rent
676 Sq Ft
Average Apartment Size
+1.6%
Increase in the Last Year
As of April 2025, the average rent in Springfield, IL is $824 per month. This is 48% lower than the national average rent of $1,575/month, making renting in Springfield more affordable than most cities in the US. When you rent an apartment in Springfield, you can expect to pay about $771 per month for a studio, $824 for a one-bedroom apartment, and around $994 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,321 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Springfield, IL?
In the past year, rent has increased by 1.6%, which averages out to $14 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2025
Legend
2024
2025
Rent Ranges in Springfield, IL
Last Updated April 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
22%
Below $700/month
45%
$700 - $1,000/month
27%
$1,001 - $1,500/month
5%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Springfield?
Based on current rent prices, Springfield/Decatur and Downtown Springfield" are the most affordable neighborhoods in Springfield.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Springfield?
Based on current rent prices, Downtown Springfield and Springfield/Decatur" are the most expensive neighborhoods in Springfield.
Neighborhood
Average Rent
Average Sq Ft
Which Springfield neighborhoods have the most rentals available?
The neighborhoods in Springfield with the most apartments available are Springfield/Decatur and Downtown Springfield" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Springfield, IL?
Because the average rent in Springfield is $824, you’ll want to make about $2,746 per month or $32,952 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Springfield, IL is 9.5% lower than the national average. Generally, housing in Springfield is 19.8% less expensive than the national average, with rent falling between $771 - $1,321. You can expect to pay 2.5% less for groceries, 4.8% less for utilities, and 10.0% more for transportation.
How does Springfield, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Springfield, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$631/month
$874/month
One Bedroom
$782/month
$920/month
Two Bedroom
$993/month
$1,368/month
Three Bedroom
$1,327/month
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Property Management Companies in Springfield, IL
Highlands Vista Group Management LLC
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39
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6,280
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29
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2 Communities in Springfield
Nolan Living
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13
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3,397
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11
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Cushman & Wakefield
-
546
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127,668
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276
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1 Community in Springfield
Monarch Investment and Management Group
-
306
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74,785
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140
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PRE/3
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173
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13,690
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111
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1 Community in Springfield
Dominium
-
88
Communities
-
17,822
Units
-
69
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1 Community in Springfield
Princeton Management
-
117
Communities
-
19,915
Units
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58
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1 Community in Springfield
Friedman Real Estate
-
38
Communities
-
9,022
Units
-
25
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.