Rent in Springfield, IL MSA
The Fair Market Rent (FMR) for a two-bedroom home in Springfield, IL MSA is $1,203/month for HUD fiscal year 2026 — HUD's estimate of the 40th-percentile gross rent for standard-quality rentals in this market.
Quick answer: A two-bedroom in Springfield, IL MSA has an FMR of $1,203/month (FY2026). That is 24% above the national median of $974. Springfield, IL MSA ranks #581 of 2,622 HUD FMR areas by two-bedroom rent (1 = most expensive).
Fair Market Rent by bedroom size, Springfield, IL MSA
| Unit size | Fair Market Rent / month |
|---|---|
| Studio / efficiency | $829 |
| 1 bedroom | $970 |
| 2 bedrooms | $1,203 |
| 3 bedrooms | $1,611 |
| 4 bedrooms | $1,682 |
Nearby on the rent ranking
- Buffalo County, SD$1,204/mo
- Georgetown County, SC$1,204/mo
- Montcalm County, MI HUD Metro FMR Area$1,203/mo
- Trinity County, CA$1,202/mo
- Roosevelt County, MT$1,201/mo
- Granville County, NC$1,200/mo
Frequently asked questions
- How much is rent in Springfield, IL MSA?
- The Fair Market Rent (FMR) for a two-bedroom unit in Springfield, IL MSA is $1,203 per month for HUD fiscal year 2026. A one-bedroom is $970 and a three-bedroom is $1,611 per month.
- What is the studio and one-bedroom Fair Market Rent in Springfield, IL MSA?
- For FY2026, HUD's efficiency/studio FMR in Springfield, IL MSA is $829 per month and the one-bedroom FMR is $970 per month.
- How is the Fair Market Rent for Springfield, IL MSA calculated?
- HUD's Fair Market Rent is an estimate of the 40th-percentile gross rent — rent plus tenant-paid utilities, excluding telephone, cable, satellite and internet — for standard-quality rental units in the local housing market. Figures are set per HUD FMR area and apply to every county within that area.
- What are Fair Market Rents used for in Springfield, IL MSA?
- FMRs set the payment standards for the Housing Choice Voucher (Section 8) program and other HUD rental-assistance programs in Springfield, IL MSA. They cap the subsidy a voucher can pay toward rent and are also widely used as a benchmark for typical local rents.
- How does rent in Springfield, IL MSA compare nationally?
- Springfield, IL MSA ranks #581 of 2,622 HUD FMR areas by two-bedroom FMR (1 = most expensive). The national median two-bedroom FMR is $974 per month.
Source: U.S. Department of Housing and Urban Development (HUD USER), FY2026 Fair Market Rents. Public domain (17 U.S.C. § 105). Figures effective 1 October 2025. Last updated 2025-10-01.