Rent Tracker
Rent Inflation in Springfield, MA
The average asking rent in Springfield, MA is $1,904/month as of 2026-06. That is +4% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,904/mo
as of 2026-06
Year-over-Year Change
+4%
24-Month Rent Trend
Monthly ZORI index values for Springfield, MA.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-06 | $1,904 | +0.26% |
| 2026-05 | $1,899 | +0.42% |
| 2026-04 | $1,891 | +0.05% |
| 2026-03 | $1,890 | +0.21% |
| 2026-02 | $1,886 | +0.21% |
| 2026-01 | $1,882 | +0.00% |
| 2025-12 | $1,882 | +0.97% |
| 2025-11 | $1,864 | +0.49% |
| 2025-10 | $1,855 | +0.43% |
| 2025-09 | $1,847 | +0.16% |
| 2025-08 | $1,844 | +0.22% |
| 2025-07 | $1,840 | +0.55% |
| 2025-06 | $1,830 | +0.38% |
| 2025-05 | $1,823 | +0.50% |
| 2025-04 | $1,814 | +0.95% |
| 2025-03 | $1,797 | +0.39% |
| 2025-02 | $1,790 | +0.73% |
| 2025-01 | $1,777 | -0.11% |
| 2024-12 | $1,779 | +0.17% |
| 2024-11 | $1,776 | +0.00% |
| 2024-10 | $1,776 | +0.68% |
| 2024-09 | $1,764 | +0.97% |
| 2024-08 | $1,747 | -0.17% |
| 2024-07 | $1,750 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices