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RentData.org Logo Springfield Fair Market Rent FY 2020 Springfield, MA MSA Rental Data

Fair Market Rent Prices in Springfield, MA :
$737 $875 $1,115 $1,389 $1,611
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Springfield are very high compared to the national average. This FMR area is more expensive than 91% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Springfield is $1,115 per month.

The previous year, rent for a two-bedroom home was $1,061 per month. This is a 5.09% increase year-over-year.

This FMR rate applies to Thorndike, MA, Bondsville, MA, Russell, MA, Wales, MA, Granville, MA, Three Rivers, MA, Holland, MA, Huntington, MA, Brimfield, MA, Hampden, MA and other cities within the region. The Metro Code or CBSA code for this region is METRO44140M44140.

Additionally, This Fair Market Rent (FMR) area Springfield, MA MSA spans one county or city in Massachusetts which is listed in the table below. Estimated population of Springfield, MA MSA FMR area is 14,555 people based on latest Census data.

Compared to the rest of Massachusetts, the Springfield FMR area is less expensive than 73% of the state.

Massachusetts Rents Map

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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 $ 777
1-BR 1-Bedroom $ 922
2-BR 2-Bedroom $ 1175
3-BR 3-Bedroom $ 1464
4-BR 4-Bedroom $ 1697
Change Year:
2017 2018 2019 2020 2021

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

County / Region Est. Population
Springfield, MA Metro 14,555
Zip Codes in Springfield, MA MSA

There are 52 unique zip codes in this Fair Market Rent (FMR) area:

01001, 01009, 01010, 01013, 01014, 01020, 01021, 01022, 01028, 01030, 01033, 01034, 01036, 01040, 01041, 01050, 01056, 01057, 01069, 01071, 01073, 01077, 01079, 01080, 01081, 01082, 01085, 01089, 01090, 01095, 01101, 01103, 01104, 01105, 01106, 01107, 01108, 01109, 01111, 01115, 01116, 01118, 01119, 01128, 01129, 01138, 01139, 01144, 01151, 01152, 01199 and 01521

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What's Next?

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