Average Rent in Springfield, OH↑ Rents rising 11.9% YoY🔺 6th priciest in OH

Springfield, OH has rental prices ranging from $728/month to $1,477/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $809/month — 42% below the national average of $1,400/month. With a median household income of $60,846/year, spending $809/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 $1,061/month, Springfield ranks #6 most expensive of the 68 cities tracked in Ohio — pricier than 72% of all US cities in our data.

The Springfield Rental Market

The Springfield, OH area has a population of about 135,445 and 31% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Springfield, OH have risen by $113/month (11.9%) over the past year, from $948 to $1,061. 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, OH without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $32,360. The local median household income of $60,846 exceeds that threshold by $28,486, making Springfield relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Springfield, OH is $190,723, giving a price-to-rent ratio of 15.0. The break-even point between renting and buying is roughly 15 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Springfield's neighborhoods. Among the highest-value areas are Northridge ($233,797 median home value). Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Springfield, OH 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.