Average Rent in Springfield, MO↑ Rents rising 8.4% YoY🔺 5th priciest in MO

Springfield, MO has rental prices ranging from $790/month to $1,539/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $795/month — 43% below the national average of $1,400/month. With a median household income of $61,488/year, spending $795/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.

How Springfield Compares

With an average 2-bedroom rent of $998/month, Springfield ranks #5 most expensive of the 94 cities tracked in Missouri — pricier than 64% of all US cities in our data.

The Springfield Rental Market

The Springfield, MO area has a population of about 481,671 and 37% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Springfield, MO have risen by $77/month (8.4%) over the past year, from $921 to $998. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Springfield, MO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,800. The local median household income of $61,488 exceeds that threshold by $29,688, making Springfield relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Springfield, MO is $247,377, giving a price-to-rent ratio of 20.7. With a break-even horizon of approximately 21 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Springfield's neighborhoods. Among the highest-value areas are Heart of the Westside ($124,617 median home value), Robberson ($127,222 median home value), Weller ($128,783 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Springfield, MO Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Springfield?

Break-even analysis and mortgage estimates based on local market data.

Living in Springfield

Cost of living, job market, crime rates, and moving cost estimates.