Rent by ZIP · Sangamon County
Rent in Springfield, IL 62703
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,260 (+5% vs FY2026). Renters in this ZIP code pay a median $1,004 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $880 | $830 | +6% | $792–968 | $1,263 ±$1,045 |
| 1 bedroom | $1,000 | $970 | +3.1% | $900–1,100 | $736 ±$74 |
| 2 bedrooms | $1,260 | $1,200 | +5% | $1,134–1,386 | $969 ±$52 |
| 3 bedrooms | $1,660 | $1,610 | +3.1% | $1,494–1,826 | $1,164 ±$46 |
| 4 bedrooms | $1,760 | $1,680 | +4.8% | $1,584–1,936 | $966 ±$310 |
Small Area FMRs for the Springfield, IL MSA. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Springfield, IL MSA, 2 bedrooms: $1,237.
What renters pay in 62703
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 62702 | Springfield | $1,200 | $932 |
| 62704 | Springfield | $1,250 | $995 |
| 62701 | Springfield | $1,300 | $908 |
| 62707 | Springfield | $1,180 | $967 |
| 62711 | Springfield | $1,550 | $1,304 |
| 62712 | Springfield | $1,430 | $1,156 |
Fair Market Rents across Sangamon County, IL · All IL counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.