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Studio Apartments for Rent in Springfield, IL

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    Starting at $1,800 Per Month

    • Studio - 2 Beds

    1700 W Washington St, Springfield, IL 62702

    Find your new home at Hickory Glen, Active Senior Living in Springfield, IL. Rent rates include three chef-prepared meals daily, all utilities included, and maintenance-free living — everything you need in one simple monthly cost.You'll find this community on W. Washington St. in Springfield. We have newly renovated apartments that include a full kitchen now available. We allow pets for a low

    Hickory Glen, Active Senior Living

    1700 W Washington St, Springfield, IL 62702
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    $680

    Total Monthly Price

    • Studio
    • 1 Bath
    • 450 Sq Ft
    • Condo for Rent

    803 W Edwards St Unit C, Springfield, IL 62704

    Large building containing eight studio apartments conveniently located in Historic West-Side Springfield Illinois.

    803 W Edwards St Unit C, Springfield, IL 62704

Why Live in Springfield

Springfield's rich historical legacy centers on Abraham Lincoln, with attractions like the Presidential Library and Museum showcasing immersive exhibits and artifacts from his life. The Lincoln Home National Historic Site lets visitors explore the 16th president's only owned residence, while the Old State Capitol State Historic Site stands as the location of his famous "House Divided" speech. Nature lovers frequent Washington Park's botanical gardens and the Thomas Rees Memorial Carillon, one of the world's largest carillons. The Dana-Thomas House exemplifies Frank Lloyd Wright's architectural genius, while Lincoln Memorial Garden provides peaceful walking trails through native Illinois plantings.

The housing market features single-family homes across diverse neighborhoods. Downtown Springfield has a median single-family home price of $105,000, while Washington Park Knolls commands $250,000. Piper Glen represents the luxury market with a median of $436,500. The citywide median sale price sits at $177,500, with one-bedroom condos at $62,000 and two-bedroom condos at $109,900.

Springfield's cost of living runs 9% below the national average. A family with school-age children needs approximately $97,000 annually to live comfortably, while renters require about $51,000. Property taxes in Sangamon County stand at 1.98%, comparing favorably to nearby Bloomington's 2.27%. The city maintains strong public education, with Lincoln Magnet School and Springfield High School earning A minus ratings. Private options include Our Savior's Lutheran School, rated A plus. The University of Illinois at Springfield adds higher education opportunities. Commuters benefit from the Sangamon Mass Transit District bus system and minimal traffic congestion, while Amtrak provides rail service to Chicago and St. Louis.

Frequently Asked Questions

How much does it cost to rent a home in Springfield, IL?
The median rent for a home in Springfield, IL is $1,100 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Springfield, IL?
To comfortably afford the median rent in Springfield, IL, a household needs to earn roughly $44,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,100 per month in Springfield, IL, renters typically need to show $3,300 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Springfield, IL?
In Springfield, IL, the price-to-rent ratio is 14.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,100
Median Single Family Home Rent
$1,195
Median Townhouse Rent
$1,275
Median Condo Rent
$950
How to Rent a Home