Rental Market Update: Springfield, MA – August 2024
The rental market in Springfield, MA, and its surrounding areas has experienced some changes recently. As of August 2024, the average rent for a three-bedroom apartment in Springfield is approximately $1,600 per month. This represents a slight decrease from previous months, indicating a cooling trend in the rental market.
Neighborhood-specific trends also show diverse rental prices. For example, West Springfield has an average rent of $1,421, while Forest Park's average rent is higher at $1,587. These variations reflect the differences in rental costs across different areas within the city.
It's important to note that rental prices can vary significantly based on various factors such as apartment conditions, utilities included, amenities, and more. To stay updated on these trends and explore detailed rental listings, check out the links we have provided below.
Trends & Average Rent in Springfield, MA Resources.
1. Rent. (https://www.rent.com/massachusetts/springfield-apartments/rent-trends)
2. Zumper (https://www.zumper.com/rent-research/springfield-ma)
3. Redfin (https://www.redfin.com/city/17155/MA/Springfield/rental-market)
200 Center St. Suite 16,
Ludlow, MA, 01056
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