Average Rent in Springfield, MO
The Fair Market Rent for a 2-bedroom in Springfield, MO is $1,095 per month, based on HUD data. With a median household income of $61,488, a household would spend 21.4% of income on housing at Fair Market Rent. Rent has increased 18.9% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $877 |
| 1 Bedroom | $883 |
| 2 Bedroom | $1,095 |
| 3 Bedroom | $1,498 |
| 4 Bedroom | $1,701 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $61,488 |
| Rent Burden (2BR FMR / Income) | 21.4% |
| Income Needed for 2BR (30% rule) | $43,800/yr |