Springfield Fair Market Rent 2026
HUD Fair Market Rent data for the Springfield metropolitan area. Median household income: $44,958/year. Vacancy rate: 8.9%.
2BR FMR
$756/mo
Median Income
$44,958
Vacancy Rate
8.9%
Rent Burden
20.2%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $44,958/year can afford up to $1,124/mo in rent.
The 2BR FMR of $756/mo represents 20.2% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 8.9% in Springfield indicates a loose rental market. Higher vacancy gives renters more options and potential leverage on pricing.
Frequently Asked Questions
What is the average rent in Springfield?
The 2026 HUD FMR for a 2-bedroom in the Springfield metro area is $756/month. 1BR: $612, 3BR: $923.
What is the vacancy rate in Springfield?
The rental vacancy rate in Springfield is 8.9%. A rate below 5% typically indicates a tight rental market.
Is Springfield affordable for renters?
With a median income of $44,958 and 2BR rent at $756/mo, rent takes about 20% of income in Springfield.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
New York-Newark-Jersey City
2BR: $2,293/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
Renting in Springfield?
Search apartment listings in the Springfield area
Compare renters insurance quotes
Get moving company estimates
Explore rent-to-own programs
Find housing assistance programs