Springfield, Illinois Short Term Rental Regulations
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Reviewed by Derick Hargrave
Last updated August 23, 2023
Springfield Short-Term Rental Regulations
Information is maintained by the community to provide helpful insights and links to local regulations, HostScouts does not provide legal or investment advice.
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Short Term City Rating7.4
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Competition
9.5 -
Real Estate Cost
9.6 -
STR Regulations
6.0 -
Seasonality
9.5 -
Rental Rates
2.2
Springfield, Illinois Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 114,394
- STR License Required
- No
- Tourist Season
- County
- Sangamon
- Airports
- Abraham Lincoln Capital Airport (SPI)
- Decatur Airport (DEC)
Want to learn more about Springfield?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our Springfield rental analytics guide if you're interested in data on the Springfield rental market.
Review the popular activities that hosts include in their property positing in Springfield.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Springfield guests.
Interested in other Illinois cities?
Check out the Illinois short term rental regulations directory
What makes Springfield a great place to invest?
- Abraham Lincoln Presidential Library and Museum - This world-class museum is dedicated to the life and legacy of one of America's most beloved presidents. Visitors can see artifacts and exhibits related to Lincoln's life and career, including his famous stovepipe hat and the Gettysburg Address.
- Old State Capitol - This beautifully restored building served as the seat of government for Illinois from 1839 to 1876, and was the site of Lincoln's famous "House Divided" speech. Visitors can take guided tours and see historical exhibits that showcase the state's political history.
- Lincoln Home National Historic Site - This beautifully restored house was the only home that Abraham Lincoln ever owned, and served as the family's residence from 1844 to 1861. Visitors can take guided tours to learn about the home's history and see authentic furnishings and artifacts.
- Dana-Thomas House - Designed by renowned architect Frank Lloyd Wright, this stunning Prairie-style home is one of Springfield's most iconic landmarks. Visitors can take guided tours to learn about the home's history and see its unique design features, including stained-glass windows and custom-built furniture.
- Washington Park - This expansive urban park offers a wide range of outdoor activities, including walking and biking trails, fishing ponds, and picnic areas. The park also features a botanical garden, a carousel, and a playground, making it a great destination for families.
- Illinois State Fair - Held every August, this 10-day event is one of the state's largest and most popular annual gatherings. Visitors can enjoy carnival rides, fair food, and a wide range of entertainment, including live music, horse racing, and livestock shows.
- Lincoln Memorial Garden - This 100-acre natural park is dedicated to the memory of Abraham Lincoln, and features a wide range of native plants and wildlife. Visitors can hike through the park's trails, participate in educational programs, and enjoy the peace and tranquility of this beautiful natural area.
Springfield Nearby Cities
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65 miles away
- Rating: 6.5
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89 miles away
- Rating: 5.6
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Local Real Estate
How expensive is the real estate in Springfield?
The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in Springfield has increased 10% over the past year, and the average price per square foot is $94, which is lower than the national average.
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Median Sale Price
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$154,773
10% YoY
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Median per Square Foot
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$94
10% YoY
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Average Monthly Rent
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$1,063
5% YoY
Local Short-Term Rental News for Springfield
The most common terms hosts include in their listings for Springfield, Illinois
Common terms for Springfield short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in Springfield has a description approximately 1,067 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 231 listings in Springfield, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Place, Springfield, Downtown Springfield, Yard, Perfect, Comfortable, Family, Basement, Capitol, and Beautiful.
What are the most popular tourist activities in Springfield?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Springfield involve going to the City Centre, Museums, Antiquing, Water Parks, and the Zoo. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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City Centre
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Museums
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Antiquing
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Water Parks
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Zoo
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Winery Tours
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Health Spa
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Cycling
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Boating
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Wildlife Viewing
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Theme Parks
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Swimming
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Springfield, including Abraham Lincoln Presidential Library and Museum, Illinois State Fairgrounds, Lincoln Home National Historic Site, St. John's Hospital, and University of Illinois at Springfield. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Regional Landmark
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Abraham Lincoln Presidential Library and Museum
Included on nearly all listings
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Regional Landmark
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Illinois State Fairgrounds
Included on nearly all listings
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Regional Landmark
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Lincoln Home National Historic Site
Included on nearly all listings
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Regional Landmark
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St. John's Hospital
Included on nearly all listings
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Regional Landmark
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University of Illinois at Springfield
Included on nearly all listings
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Regional Landmark
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Memorial Medical Center
Included on nearly all listings
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Regional Landmark
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Illinois State Capitol
Included on nearly all listings
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Local Landmark
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Lincoln's Tomb
Included on nearly all listings
What’s the weather like in Springfield, Illinois?
The weather is generally milder than the national average, with an average high temperature of around 63°, while the average low is about 45°. The rainfall is much heavier, averaging about 32 inches per year, compared to the national average of about 27 inches. Snowfall can be rather heavy, averaging less than 13 inches per year. The humidity levels in Springfield are generally lower than the national average, and the city has a mix of clouds and sunshine for most of the year.
Winter
December through February
24° Low 39° High
Spring
March through May
45° Low 64° High
Summer
June through August
65° Low 84° High
Fall
September through November
46° Low 65° High
Cities Near Springfield
Springfield, Illinois, is located in Sangamon County. Some cities that are located nearby include:
