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 dark green areas.
On average, the cost of rent in Arkansas is about $847 per month. This puts it in the 1st percentile compared to the nation average cost of rent, which is $1,307. Households in Arkansas have a median income of $5,045 per month so the average renter in Arkansas is spending roughly 17% 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 $160,541 right now, which is lower than nearby states, meaning that rents in Arkansas also tend to be lower versus these nearby states.
Higher rent prices are common in the northwestern parts of Arkansas while lower rent rates are often available in southeastern areas.
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