RentData.org

RentData.org Logo Springfield Fair Market Rent FY 2017 Springfield, IL MSA Rental Data

Fair Market Rent Prices in Springfield, IL :
$528 $604 $783 $1,023 $1,079
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Springfield are average compared to the national average. This FMR area is more expensive than 70% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Springfield is $783 per month.

The previous year, rent for a two-bedroom home was $777 per month. This is a 0.77% increase year-over-year.

This FMR rate applies to Lincolns New Salem, IL, Tallula, IL, Cantrall, IL, Greenview, IL and other cities within the region. The Metro Code or CBSA code for this region is METRO44100M44100.

Additionally, This Fair Market Rent (FMR) area Springfield, IL MSA spans one county or city in Illinois which is listed in the table below. Estimated population of Springfield, IL MSA FMR area is 12,705 people based on latest Census data.

Compared to the rest of Illinois, the Springfield FMR area is more expensive than 87% of the state.

Illinois Rents Map

Click on the map to view more another region.

See Nationwide Map

What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Springfield. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Springfield

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 562
1-BR 1-Bedroom $ 642
2-BR 2-Bedroom $ 833
3-BR 3-Bedroom $ 1088
4-BR 4-Bedroom $ 1148
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Springfield, IL MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Champaign & Sprngfld - Decatur.

County / Region Est. Population
Springfield, IL Metro 12,705
Zip Codes in Springfield, IL MSA

There are 4 unique zip codes in this Fair Market Rent (FMR) area:

62625, 62642, 62659 and 62688

Lookup Fair Market Rent by Zip Code

What's Next?

Here are some additional resources you may also be interested in:

Top