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10 Studio Apartments for rent in Springfield, MO

Featured
Orchard Park
2601 N Cresthaven Ave
Springfield, MO
Updated April 24 at 06:32pm
Studio
$555
Featured
Coryell Courts
2020 E Kerr St
Springfield, MO
Updated April 24 at 07:10pm
Studio
$595
Featured
Coryell Crossing
2015 W University St
Springfield, MO
Updated April 24 at 07:01pm
Studio
$585
Featured
Marion Park
1725 S Marion Ave
Springfield, MO
Updated April 24 at 06:53pm
Studio
$555
224 W. SILSBY
224 West Silsby Street
Springfield, MO
Updated April 24 at 09:43am
Studio
$775
Apple Court
1009 East Walnut Street
Springfield, MO
Updated April 24 at 09:43am
Studio
$500
742 S Grant Ave
742 South Grant Avenue
Springfield, MO
Updated April 24 at 09:43am
Studio
$475
940 E Webster St
940 E Webster St
Springfield, MO
Updated April 24 at 09:43am
Studio
$675
Results within 5 miles of Springfield
2145 W Bingham St
2145 W Bingham
Ozark, MO
Updated April 24 at 09:43am
Studio
$535
0 State Highway Cc
0 E State Hwy Cc
Christian County, MO
Updated April 24 at 04:57pm
Studio
$1,000

April 2019 Springfield Rent Report

Welcome to the April 2019 Springfield Rent Report. Springfield rents declined over the past month. In this report, we'll evaluate trends in the Springfield rental market, including comparisons to cities throughout the state and nation.

View full Rent Report

April 2019 Springfield Rent Report

Welcome to the April 2019 Springfield Rent Report. Springfield rents declined over the past month. In this report, we'll evaluate trends in the Springfield rental market, including comparisons to cities throughout the state and nation.

Springfield rents decline sharply over the past month

Springfield rents have declined 0.8% over the past month, and have decreased slightly by 0.1% in comparison to the same time last year. Currently, median rents in Springfield stand at $520 for a one-bedroom apartment and $670 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in December of last year. Springfield's year-over-year rent growth lags the state average of 0.2%, as well as the national average of 1.3%.

    Rents steady across cities in Missouri

    While rent decreases have been occurring in the city of Springfield over the past year, trends across other cities in the state have varied. Of the largest 10 cities that we have data for in Missouri, half have seen prices drop while others are seeing them rise. The state as a whole logged rent growth of 0.2% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

    • Looking throughout the state, Ballwin is the most expensive of all Missouri's major cities, with a median two-bedroom rent of $1,340; of the 10 largest Missouri cities that we have data for, 5 have seen rents fall year-over-year, with Columbia experiencing the fastest decline (-0.4%).
    • Ballwin, Independence, and Blue Springs have all experienced year-over-year growth above the state average (2.2%, 0.9%, and 0.5%, respectively).

    Springfield rents more affordable than many large cities nationwide

    As rents have fallen slightly in Springfield, many large cities nationwide have seen prices increase, in some cases substantially. Springfield is also more affordable than most large cities across the country.

    • Springfield's median two-bedroom rent of $670 is below the national average of $1,170. Nationwide, rents have grown by 1.3% over the past year compared to the 0.1% decline in Springfield.
    • While rents in Springfield fell slightly over the past year, many cities nationwide saw increases, including Phoenix (+3.7%), Atlanta (+2.5%), and Denver (+2.0%).
    • Renters will find more reasonable prices in Springfield than most large cities. For example, San Francisco has a median 2BR rent of $3,110, which is more than four-and-a-half times the price in Springfield.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

    Methodology - Recent Updates:

    Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

    Read more about our new methodology below, or see a more detailed post here.

    Methodology:

    Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

    Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

    Read more about our methodology here.

    About Rent Reports:

    Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

    We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

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