Springfield, Missouri Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Springfield, Missouri rental market.
Springfield, Missouri
Average Apartment Rent
$1,130
Y-o-Y Change in Average
Apartment Rent
2.3%
As of May 2026
Compared to a year ago, Springfield, Missouri apartments have recorded a 2.3% rent increase.
Springfield, Missouri Average apartment rent trend
Springfield, Missouri Average Apartment Rent
Springfield, Missouri Apartment rent ranges
At 46.12%, apartments priced $1,000 - $1,500 represent the bulk of Springfield, Missouri rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.03%.
Springfield, Missouri Housing tenure**
Renters take up 58% of Springfield, Missouri real estate, occupying a total of 45,603 units, while homeowners live in 33,467 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$33,252
Average household size of renter-occupied housing units**
1.9
Rental vacancy rate**
3.4%
Springfield, Missouri Renter-occupied housing units by no. of bedrooms**
There are 19,221 rentals in Springfield, Missouri with 2 beds making up the highest share of the market, at 42%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 256 units. Overall, the median number of rooms in Springfield, Missouri homes for rent is 4.
Springfield, Missouri Renter-occupied units by age of householder**
Most condos for rent in Springfield, Missouri are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 15 - 24 years age group (24%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Springfield, Missouri Renter-occupied housing units by family type**
Springfield, Missouri Renter-occupied housing units by the presence of own children**
A total of 16,698 apartments for rent in Springfield, Missouri, or 37% of all rentals are family households. Additionally, 18% of rental homes include children under the age of 18 – that’s 8,029 units. All in all, the median size of a renter-occupied household in Springfield, Missouri is 1.9.
Springfield, Missouri Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 26% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Springfield, Missouri.
Springfield, Missouri Renter-occupied units by year structure built**
The highest share of Springfield, Missouri apartment rentals, namely 18% or 8,207 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (16%, 7,249 units), and the ones Built 1990 - 1999 (15%, 6,673 units).
Springfield, Missouri Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Springfield, Missouri renters (40%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Springfield, Missouri condos for rent is 2018.
Springfield, Missouri Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Springfield, Missouri renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 15% have No vehicle available.
Springfield, Missouri Means of transportation to work of householders living in renter-occupied housing units**
Springfield, Missouri Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Springfield, Missouri apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
