Apartments in East Springfield

Springfield:
March Rent Report

Welcome to the March 2025 Springfield Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2025 key findings and figures for the Springfield rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Springfield and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Springfield average rent prices in the chart below.

Monthly Rent Report

$1,700

$1,280

$850

$430

$0

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

Jan. 2025

Feb. 2025

Mar. 2025

1 BR 2 BR

Springfield Rent Prices Decrease From February to March

Springfield rent prices decreased over the last month. From February to March, the city experienced a -5.21% decrease for the price of a one-bedroom apartment. The rent price for a Springfield one-bedroom apartments currently stands at $1,327.0.

When we take a look at the two-bedroom comparison from February to March, Springfield experienced a 0.0% decrease for the price of a two-bedroom apartment. The rent price for a Springfield two-bedroom apartments currently stands at $1,644.0.

March Prices: Springfield vs. Surrounding Areas

Amherst, MA

Enfield, CT

Springfield, MA

Northampton, MA

Willington, CT

Chicopee, MA

Holyoke, MA

Westfield, MA

$2,188

$1,565

$1,400

$1,400

$1,382

$1,266

$1,241

$1,200

$0

$750

$1,500

$2,250

$3,000

Median 1 BR Rent

Rent Prices in Springfield and Surrounding Areas

Rent prices have decreased in Springfield over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Springfield suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Enfield, CT, Chicopee, MA, Willington, CT .
Rent decreased in Holyoke, MA, Westfield, MA, Northampton, MA, Amherst, MA.
4 suburbs are currently priced higher than the city of Springfield.
3 suburbs are currently priced lower than the city of Springfield.

March 2025 Pricing Trends: Springfield vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Springfield, MA

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,076

$3,129

$2,387

$2,328

$1,905

$1,400

$1,262

$1,247

$1,197

$0

$1,350

$2,700

$4,050

$5,400

Median Rent

Springfield Rent Prices More Affordable Than Major Cities

Rent growth in Springfield over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Springfield average rent prices appear to be relatively affordable for local residents.

The price for a Springfield one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Springfield and surrounding area rent prices, take a look at the complete data set below.

Data set for Springfield and suburbs

	1 BR March	1 BR M/M % Change	2 BR March	2 BR M/M % Change
Springfield, MA	$1,400.0	-2.24%	$1,644.0	3.85%
Holyoke, MA	$1,241.0	-0.72%	$1,492.0	-0.33%
Westfield, MA	$1,200.0	0.00%	$1,507.0	0.67%
Enfield, CT	$1,565.0	25.20%	$2,779.0	-1.45%
Northampton, MA	$1,400.0	0.00%	$2,185.0	9.63%
Chicopee, MA	$1,266.0	4.28%	$1,615.0	2.41%
Amherst, MA	$2,188.0	-2.97%	$2,863.0	0.03%
Willington, CT	$1,382.0	0.51%	$2,112.0	-0.19%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.