Arkansas renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Arkansas is about $931 per month. This puts it in the 8th percentile compared to the nation average cost of rent, which is $1,385. Households in Arkansas have a median income of $4,385 per month so the average renter in Arkansas is spending roughly 21% of their earnings on housing.
Nationally, and in Arkansas, home values are the data point most closely correlated with the cost of rent. The median price of a home in Arkansas is $194,035 right now, which is lower than states nearby, meaning that rents in Arkansas also tend to be lower versus these nearby states.
Higher rent prices are common in the central parts of Arkansas while lower rent rates are often available in southeastern areas.
Nearby States
- Missouri: more expensive rent prices
- Mississippi: more expensive rent prices
- Oklahoma: more expensive rent prices
- Louisiana: more expensive rent prices
- Alabama: more expensive rent prices
- Kansas: more expensive rent prices
- Tennessee: more expensive rent prices
- Texas: more expensive rent prices
- Kentucky: more expensive rent prices
- Illinois: more expensive rent prices
States with Similar Populations
- Mississippi: more expensive rent prices
- Utah: more expensive rent prices
- Kansas: more expensive rent prices
- Nevada: more expensive rent prices
- Iowa: more expensive rent prices
- Connecticut: more expensive rent prices
- Puerto Rico: less expensive rent prices
- New Mexico: more expensive rent prices
- Oklahoma: more expensive rent prices
- Oregon: more expensive rent prices
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