Rent in 62703 (Springfield, IL)
In ZIP 62703 (Springfield, IL), a 2-bedroom typically rents for $969–$1,237 a month, 22% below the Sangamon County Fair Market Rent of $1,237. Other sizes: studio $861, 1 bed $736–$977, 3 beds $1,164–$1,631, 4 beds $966–$1,728. Owner-occupied homes in Sangamon County pay about 1.99% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Range | Best guess | County FMR |
|---|---|---|---|
| Studio | $861 | $861 | $861used above |
| 1 bed | $736–$977 | $736 | $97725% below |
| 2 beds | $969–$1,237 | $969 | $1,23722% below |
| 3 beds | $1,164–$1,631 | $1,164 | $1,63129% below |
| 4 beds | $966–$1,728 | $966 | $1,72844% below |
- Studio: HUD Fair Market Rent (county) $861 (Oct 1, 2026)
- 1 bed: Census ACS 5-year median gross rent $736 ±$74 (Dec 31, 2024); HUD Fair Market Rent (county) $977 (Oct 1, 2026)
- 2 beds: Census ACS 5-year median gross rent $969 ±$52 (Dec 31, 2024); HUD Fair Market Rent (county) $1,237 (Oct 1, 2026)
- 3 beds: Census ACS 5-year median gross rent $1,164 ±$46 (Dec 31, 2024); HUD Fair Market Rent (county) $1,631 (Oct 1, 2026)
- 4 beds: Census ACS 5-year median gross rent $966 ±$310 (Dec 31, 2024); HUD Fair Market Rent (county) $1,728 (Oct 1, 2026)
Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Compare your rent in 62703Share your rent (anonymous)
Help other investors and renters see real rents. We never ask for your name, email or address, and we never show individual submissions; once enough rents come in for a ZIP code, we may publish totals like the median.
Frequently asked questions
- What is the rent for a 2-bedroom in 62703?
- Typically $969–$1,237 a month, with a best guess of $969. That is 22% below the Sangamon County Fair Market Rent ($1,237).
- What is the rent for a 1-bedroom in 62703?
- Typically $736–$977 a month, with a best guess of $736. That is 25% below the Sangamon County Fair Market Rent ($977).
- What is the rent for a 3-bedroom in 62703?
- Typically $1,164–$1,631 a month, with a best guess of $1,164. That is 29% below the Sangamon County Fair Market Rent ($1,631).
- What is the rent for a studio in 62703?
- $861 a month, the HUD Fair Market Rent for Sangamon County; there is no ZIP-level figure for 62703.
- What is the rent for a 4-bedroom in 62703?
- Typically $966–$1,728 a month, with a best guess of $966. That is 44% below the Sangamon County Fair Market Rent ($1,728).
- What is the property tax rate in ZIP 62703?
- Owner-occupied homes in Sangamon County pay a typical 1.99% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do the 62703 rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).