Rent in Springfield, IL at a glance
2-bedroom rent (HUD)
$1,203$14,436 a year · HUD fiscal year 2026From October 1, 2026: $1,237 (+2.8%)How much rent can you afford in Springfield, IL?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Springfield, IL by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $829 | $9,948 | $33,160 | $15.94/hr |
| 1 bedroom | $970 | $11,640 | $38,800 | $18.65/hr |
| 2 bedroomsMost searched | $1,203 | $14,436 | $48,120 | $23.13/hr |
| 3 bedrooms | $1,611 | $19,332 | $64,440 | $30.98/hr |
| 4 bedrooms | $1,682 | $20,184 | $67,280 | $32.35/hr |
Cost of living in Springfield, IL: income, prices and a budget →
Living and working in Springfield, IL
Rent in Springfield, IL: common questions
How much is rent going up in Springfield, IL in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,237 for a two-bedroom, up 2.8% from $1,203. A one-bedroom goes from $970 to $977, a studio from $829 to $861.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Springfield, IL?
HUD's Fair Market Rent for 2026 is $970 for a one-bedroom and $1,203 for a two-bedroom, utilities included. That is $14,436 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Springfield, IL?
To keep a $1,203 two-bedroom at 30% of gross pay, one full-time worker needs $23.13 an hour, or $48,120 a year. A one-bedroom at $970 takes $18.65 an hour.
How much is a 1, 2 or 3-bedroom apartment in Springfield, IL?
At HUD's 2026 Fair Market Rent: studio $829, one bedroom $970, two $1,203, three $1,611 and four $1,682 a month.
Is rent affordable in Springfield, IL?
For the typical household, earning $66,064 a year ($5,505 a month, Census ACS), a two-bedroom at $1,203 takes 21.9% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,203 × 12) ÷ 0.30 = $48,120. Divided by 2,080 working hours, that is $23.13 an hour.