With regard to increasing importance of urban regeneration, assessment of previous provisions is considered as a major step due to effect of urban renewal on quality of life and the necessity to use dilapidated fabrics in line with goals of sustainable development and avoidance from urban sprawl. Since residents are the main beneficiaries of urban renewal and this should come to realize aiming at improving their satisfaction with living area, in the present research the measure of residential satisfaction has been used, mentioned as a suitable index to determine desirability of living area and effects of provisions made for it. To measure variables, five-point Likert questionnaire has been used as the research questionnaire; to analyze data and test research hypotheses, one-sample t-test has been used; to compare extent of satisfaction in three groups including centralized renewal, semi-centralized and decentralized renewal, one-way variance analysis has been used. Results from research indicate that neighborhood renewal has not had a significant effect on residential satisfaction in it, resulted in reduction of satisfaction extent in most of indices especially social indices. Neighborhood renewal has led to increase of satisfaction in some physical indices such as physical quality of residential unit. This indicates that attention has been merely focused on physical dimension instead of considering all the components of residential satisfaction. Another important result is higher extent of satisfaction among residents with the purpose of decentralized renewal, which this result indicates the necessity to change from authoritarian modernization models to micro scale, participative and community-oriented models and avoidance from prescribing prearranged physical plans and the necessity to use facilitators public institutions.