Downtown Little Rock 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 Downtown Little Rock is about $819 per month. This puts it in the 5th percentile compared to the city average cost of rent, which is $968. Households in Downtown Little Rock have a median income of $3,775 per month so the average renter in Downtown Little Rock is spending roughly 22% of their earnings on housing.
Nationally, and in Downtown Little Rock, home values are the data point most closely correlated with the cost of rent. The median price of a home in Downtown Little Rock is $201,939 right now, which is lower than nearby neighborhoods, meaning that rents in Downtown Little Rock also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Downtown Little Rock while lower rent rates are often available in southeastern areas.
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