Fort Smith 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 Fort Smith is about $884 per month. This puts it in the 90th percentile compared to the state average cost of rent, which is $847. Households in Fort Smith have a median income of $4,920 per month so the average renter in Fort Smith is spending roughly 18% of their earnings on housing.
Nationally, and in Fort Smith, home values are the data point most closely correlated with the cost of rent. The median price of a home in Fort Smith is $157,443 right now, which is higher than nearby cities, meaning that rents in Fort Smith also tend to be higher versus these nearby cities.
Higher rent prices are common in the southern parts of Fort Smith while lower rent rates are often available in western areas.
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