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RentData.org Logo Springfield Fair Market Rent FY 2020 Springfield, MA MSA Rental Data

Fair Market Rent Prices in Springfield, MA :
$737 $875 $1,115 $1,389 $1,611
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Springfield are very high compared to the national average. This FMR area is more expensive than 91% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Springfield is $1,115 per month.

The previous year, rent for a two-bedroom home was $1,061 per month. This is a 5.09% increase year-over-year.

This FMR rate applies to North Amherst, MA, Middlefield, MA, West Chesterfield, MA, North Hatfield, MA, West Hatfield, MA, Goshen, MA, Chesterfield, MA, Amherst, MA, Thorndike, MA, Bondsville, MA and other cities within the region. The Metro Code or CBSA code for this region is METRO44140M44140.

Additionally, This Fair Market Rent (FMR) area Springfield, MA MSA spans forty-three counties or cities in Massachusetts which ares listed in the table below. Estimated population of Springfield, MA MSA FMR area is 630,390 people based on latest Census data.

Compared to the rest of Massachusetts, the Springfield FMR area is less expensive than 73% of the state.

Massachusetts Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Springfield. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Springfield

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 777
1-BR 1-Bedroom $ 922
2-BR 2-Bedroom $ 1175
3-BR 3-Bedroom $ 1464
4-BR 4-Bedroom $ 1697
Change Year:

The counties, cities, towns, and regions listed below fall into the Springfield, MA MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Springfield - Holyoke.

County / Region Est. Population
Wilbraham town, MA Metro 14,555
West Springfield Town city, MA Metro 28,670
Westfield city, MA Metro 41,665
Wales town, MA Metro 2,010
Tolland town, MA Metro 665
Springfield city, MA Metro 154,615
Southwick town, MA Metro 9,710
Russell town, MA Metro 1,330
Palmer Town city, MA Metro 12,235
Montgomery town, MA Metro 800
Monson town, MA Metro 8,805
Ludlow town, MA Metro 21,330
Longmeadow town, MA Metro 15,875
Holyoke city, MA Metro 40,360
Holland town, MA Metro 2,510
Hampden town, MA Metro 5,195
Granville town, MA Metro 1,660
East Longmeadow town, MA Metro 16,155
Chicopee city, MA Metro 55,780
Chester town, MA Metro 1,530
Brimfield town, MA Metro 3,725
Blandford town, MA Metro 1,260
Agawam Town city, MA Metro 28,750
Worthington town, MA Metro 1,255
Williamsburg town, MA Metro 2,480
Westhampton town, MA Metro 1,820
Ware town, MA Metro 9,865
South Hadley town, MA Metro 17,735
Southampton town, MA Metro 6,090
Plainfield town, MA Metro 670
Pelham town, MA Metro 1,275
Northampton city, MA Metro 28,550
Middlefield town, MA Metro 465
Huntington town, MA Metro 1,975
Hatfield town, MA Metro 3,305
Hadley town, MA Metro 5,300
Granby town, MA Metro 6,320
Goshen town, MA Metro 1,095
Easthampton Town city, MA Metro 16,050
Cummington town, MA Metro 860
Chesterfield town, MA Metro 1,305
Belchertown town, MA Metro 14,905
Amherst town, MA Metro 39,880
Zip Codes in Springfield, MA MSA

There are 72 unique zip codes in this Fair Market Rent (FMR) area:

01001, 01003, 01004, 01007, 01009, 01010, 01012, 01013, 01014, 01020, 01021, 01022, 01027, 01028, 01030, 01032, 01033, 01034, 01035, 01036, 01038, 01040, 01041, 01050, 01053, 01056, 01057, 01059, 01060, 01061, 01062, 01063, 01066, 01069, 01071, 01073, 01075, 01077, 01079, 01080, 01081, 01082, 01084, 01085, 01088, 01089, 01090, 01095, 01098, 01101, 01103, 01104, 01105, 01106, 01107, 01108, 01109, 01111, 01115, 01116, 01118, 01119, 01128, 01129, 01138, 01139, 01144, 01151, 01152, 01199, 01243 and 01521

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