Marcola Apartment Homes
2700 Pierce Pky,
Springfield, OR 97477
Studio - 3 Beds | $1,395 - 2,365
Rental Market Trends in Springfield, OR
What is the average rent in Springfield, OR?
$1,116/month
Average Rent
632 Sq Ft
Average Apartment Size
+1.4%
Increase in the Last Year
As of November 2024, the average rent in Springfield, OR is $1,116 per month. This is 28% lower than the national average rent of $1,559/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 $1,049 per month for a studio, $1,116 for a one-bedroom apartment, and around $1,481 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,804 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, OR?
In the past year, rent has increased by 1.4%, which averages out to $16 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 November 2024
Legend
2023
2024
Rent Ranges in Springfield, OR
Last Updated November 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
19%
Below $700/month
22%
$700 - $1,000/month
43%
$1,001 - $1,500/month
16%
$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, Thurston and Springfield Gateway" 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, Springfield Gateway and Thurston" 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 Gateway and Thurston" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Springfield, OR?
Because the average rent in Springfield is $1,116, you’ll want to make about $3,720 per month or $44,640 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.
How does Springfield, OR compare to other nearby cities and neighborhoods?
Use the tool below to compare Springfield, OR 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
-
$840/month
One Bedroom
$834/month
$1,273/month
Two Bedroom
$1,128/month
$1,481/month
Three Bedroom
-
$1,555/month
Nearby City Rent Trends
Apartment communities in Springfield we think you'll love
Property Management Companies in Springfield, OR
Greystar
-
3,181
Communities
-
879,996
Units
-
826
Cities
4 Communities in Springfield
Avenue5 Residential
-
519
Communities
-
115,692
Units
-
197
Cities
4 Communities in Springfield
Horizon Realty Advisors
-
40
Communities
-
9,457
Units
-
27
Cities
4 Communities in Springfield
Affinity Property Management
-
65
Communities
-
7,974
Units
-
25
Cities
4 Communities in Springfield
Blanton Turner
-
28
Communities
-
4,064
Units
-
15
Cities
3 Communities in Springfield
Cardinal Group Management and Advisory, LLC
-
166
Communities
-
36,070
Units
-
89
Cities
1 Community in Springfield
Campus Advantage
-
34
Communities
-
7,650
Units
-
32
Cities
1 Community in Springfield
Coast Property Management
-
49
Communities
-
6,026
Units
-
26
Cities
1 Community in Springfield
Learn more with helpful articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† 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.
* Percentages may not total 100 due to rounding.