Rent in Arkansas
The median 2-bedroom Fair Market Rent in Arkansas is $1,090/mo, ranking #41 out of 51 states for highest rent. This is $160 below the national median of $1,250/mo. Arkansas has a population of 3.0M. About 33.9% of households rent their homes. Fair Market Rent data covers 10 areas across the state.
Highlights
All 10 Areas in Arkansas
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| Fayetteville-Springdale-Rogers Pop. 563K | $1,007 | $1,115 | $1,347 | $1,873 | 20.7% | +20.2% |
| Memphis Pop. 1.3M | $1,060 | $1,154 | $1,274 | $1,683 | 23.6% | -1.8% |
| Little Rock-North Little Rock-Conway Pop. 754K | $984 | $989 | $1,147 | $1,540 | 21.1% | +5.3% |
| Texarkana Pop. 147K | $859 | $868 | $1,101 | $1,369 | 24% | +12.1% |
| Hot Springs Pop. 100K | $829 | $834 | $1,090 | $1,393 | 23.6% | +8.2% |
| Jonesboro Pop. 135K | $805 | $870 | $1,040 | $1,402 | 22.5% | +11.1% |
| Grant County Pop. 18K | $795 | $800 | $968 | $1,226 | 16% | +8.4% |
| Fort Smith Pop. 229K | $683 | $714 | $937 | $1,266 | 19.8% | +5.2% |
| Little River County Pop. 12K | $666 | $671 | $880 | $1,166 | 20.2% | +8.1% |
| Poinsett County Pop. 23K | $681 | $685 | $880 | $1,161 | 22.4% | +8.1% |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across Arkansas is $1,090 per month. Rents range from $880/mo in Poinsett County to $1,347/mo in Fayetteville-Springdale-Rogers. The actual median gross rent statewide is $914/mo according to Census data.
Arkansas ranks #41 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $1,090/mo is $160 below the national median of $1,250/mo.
The average rent burden across Arkansas is 21.4%, meaning a typical household would spend 21.4% of income on a 2-bedroom at Fair Market Rent. No areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $58,773.
The most affordable area in Arkansas is Poinsett County with a 2-bedroom Fair Market Rent of $880/mo. The median household income there is $47,188.
The most expensive area in Arkansas is Fayetteville-Springdale-Rogers with a 2-bedroom Fair Market Rent of $1,347/mo. The median household income there is $77,979.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.