Springfield, MA Rental Market
Springfield is the Pioneer Valley's largest city and an undervalued Massachusetts market offering access to the Five College consortium — UMass Amherst, Amherst, Hampshire, Smith, and Mount Holyoke — healthcare employment at Baystate Medical Center, and improving connectivity to the Hartford and Boston employment corridors. Very low median home values near $215,000 produce a 7.5% gross yield — the highest in our Massachusetts coverage — making Springfield one of the more compelling yield-focused markets in New England.
Get a rent estimate for an address in SpringfieldAverage Rent in Springfield, MA
$1,350
per month · 2026-06
Market Score
Key Facts — Springfield, MA Rental Market
- Average rent in Springfield, MA:$1,350/mo
- Median rent:$1,242/mo
- Rent range:$675 – $2,950/mo
- Most common rental (2 bedrooms):$1,200/mo
- Active listings:680
- Avg days to lease:30 days
- Year-over-year change:+3.5%
- Median home value:$215,000
- Est. gross annual yield:7.5%
- Data as of:2026-06
Rent by Bedroom in Springfield, MA
Average monthly rent for each bedroom type based on current active listings in Springfield.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $975/mo |
2 Bedrooms | $1,200/mo |
3 Bedrooms | $1,525/mo |
4 Bedrooms | $1,850/mo |
5 Bedrooms | $2,125/mo |
Springfield Rental Market Statistics
Key indicators from the current Springfield, MA rental market.
680
Available now in Springfield
30
From list to lease
$1.04
Average across listings
1,300 sq ft
Typical rental size
$675 – $2,950
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Springfield, MA Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$215,000
Typical purchase price in Springfield
Est. Gross Annual Yield
7.5%
Before expenses & vacancy
Avg Monthly Income
$1,350
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Springfield for a full cash-flow breakdown including all costs.
Springfield, MA Rental Market FAQ
Common questions about renting and investing in Springfield, MA.
What is the average rent in Springfield, MA?
The average rent in Springfield, MA is $1,350 per month as of 2026 — the most affordable market in our Massachusetts coverage. One-bedroom apartments average $975/mo, two-bedrooms average $1,200/mo, and three-bedroom homes average $1,525/mo. The Forest Park and East Forest Park neighborhoods offer Springfield's most desirable single-family rental stock, while the downtown and South End areas attract younger professional tenants near Baystate Medical Center.
Is Springfield, MA a good place to invest in rental property?
Springfield offers a 7.5% estimated gross annual yield — the highest in our Massachusetts coverage — driven by median home values near $215,000. Baystate Medical Center, one of the region's largest employers, provides stable healthcare worker demand, while proximity to the Five College consortium supports education sector tenants. MGM Springfield's casino complex has added hospitality and entertainment employment that further diversifies the tenant base.
How competitive is the Springfield, MA rental market?
Springfield has approximately 680 active listings and averages 30 days on market. Healthcare worker demand from Baystate Medical Center and Mercy Medical Center is consistent year-round. The Forest Park neighborhood and nearby Longmeadow line attract family renters seeking access to suburban-quality schools. Investors who focus on well-maintained properties in desirable neighborhoods can achieve strong cash flow at acquisition costs significantly below the Massachusetts state average.
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