Gravette 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 Gravette is about $878 per month. This puts it in the 90th percentile compared to the state average cost of rent, which is $847. Households in Gravette have a median income of $5,445 per month so the average renter in Gravette is spending roughly 16% of their earnings on housing.
Nationally, and in Gravette, home values are the data point most closely correlated with the cost of rent. The median price of a home in Gravette is $185,261 right now, which is higher than nearby cities, meaning that rents in Gravette also tend to be higher versus these nearby cities.
Higher rent prices are common in the southeastern parts of Gravette while lower rent rates are often available in northeastern areas.
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