Springfield Short-Term Rentals: Opportunities Near History & Entertainment
Springfield short-term rentals are booming, fueled by local draws like the Abraham Lincoln Presidential Library and vibrant street festivals. Investors love how vacation rentals in Springfield mix consistent tourism with Midwest affordability and city amenities.
Quick Takeaways
- Active listings: 540+ Springfield short-term rentals
- Average daily rate (ADR): $135–$175
- Occupancy rate: 62–68% (peak spring/summer weekends)
- Year-over-year revenue growth: +8% in 2024
- Cancellation rates remain low, boosting stability
- Tip: Focus near major museums and event venues
Springfield STR Market Snapshot
Springfield saw a surge of new listings this year as tourism rebounded. Investors benefit from steady demand driven by conventions, historic sites, and nearby state parks. Seasonality is moderate, but spring and summer fill rates stay high. This translates to reliable cash flow, particularly for properties close to the Illinois State Museum or downtown dining.
Revenue & Occupancy Trends
ADR rose moderately through 2024, reflecting Springfield’s popularity as a drive-to destination. While occupancy hits 95% for festivals like the International Route 66 Mother Road Festival, year-round occupancy steadies between 60% and 70%. Operators benefit from above-average stays during school breaks and historic celebrations.
StaySTRa Analyzer
If you’re evaluating a specific property or narrowing your investment focus, the StaySTRa Analyzer lets you plug in an address and see actual STR performance data. It’s free to use and built for investors.
Neighborhoods & Listings
Historic downtown and areas near the Dana-Thomas House command higher nightly rates. However, affordable homes in Midtown have rising reviews and fewer cancellations. Many investors report that reinvesting in property upgrades—especially kitchens and patios—directly correlates with higher occupancy and better ratings.
Springfield Investment Insights
STR investing in Springfield is supported by regulations that incentivize well-managed properties. Low cancellation rates indicate guest satisfaction, while proximity to universities and the Old State Capitol adds booking stability. Strategize around family demand for events, university visits, and access to downtown.
Explore Springfield on Airbnb
Check out current Airbnb listings in Springfield to see top-performing properties and spot emerging opportunities in the vacation rental market.
Ready to invest? Springfield’s STR market delivers reliable returns and room for growth. Tap into its tourism, invest near attractions, and start maximizing your rental potential!
