Springfield, IL MSA
FY 2026 HUD Fair Market Rents for the Springfield, IL MSA metro area. Population: 208,406.
Fair Market Rents (2026)
Studio
National avg: $893
$829/mo
↑ 6.8% YoY
-7% vs US
1 Bedroom
National avg: $959
$970/mo
↑ 5.3% YoY
+1% vs US
2 Bedroom
National avg: $1,175
$1,203/mo
↑ 6.3% YoY
+2% vs US
3 Bedroom
National avg: $1,525
$1,611/mo
↑ 5.4% YoY
+6% vs US
4 Bedroom
National avg: $1,756
$1,682/mo
↑ 7.5% YoY
-4% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $776 | $829 | +$53 (+6.8%) |
| 1 Bedroom | $921 | $970 | +$49 (+5.3%) |
| 2 Bedroom | $1,132 | $1,203 | +$71 (+6.3%) |
| 3 Bedroom | $1,529 | $1,611 | +$82 (+5.4%) |
| 4 Bedroom | $1,564 | $1,682 | +$118 (+7.5%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$38,800
$3,233/month gross
Required annual income for 2 BR
$48,120
$4,010/month gross
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.