RentData

Average Rent in Grant County, AR Rents falling 5.0% YoY🔻 2nd cheapest in AR

HUD FY2025 · Official government data · Updated annually · Metro pop. 18,111

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Grant County, AR has rental prices ranging from $704/month to $1,338/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $708/month — 49% below the national average of $1,400/month. With a median household income of $72,512/year, spending $708/month on a 1-bedroom represents 12% of gross income — within the recommended 30% threshold.

How Grant County Compares

With an average 2-bedroom rent of $848/month, Grant County ranks #66 most expensive of the 67 cities tracked in Arkansas — more affordable than 94% of all US cities in our data.

The Grant County Rental Market

The Grant County, AR area has a population of about 18,111 and 21% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Grant County, AR have fallen by $45/month (5.0%) over the past year, from $893 to $848. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Grant County, AR without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $28,320. The local median household income of $72,512 exceeds that threshold by $44,192, making Grant County relatively accessible compared to local wages.

Economy & Jobs

Grant County, AR has an unemployment rate of 3.8%, 0.1 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Fair Market Rents

HUD FY2025
Studio
$704
Affordable
1 Bedroom
$708
Affordable
2 Bedrooms
$848
5.0% YoY
Affordable
3 Bedrooms
$1,094
Affordable
4 Bedrooms
$1,338
Affordable
🔔
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Is Grant County, AR Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$33,920/year
Local median income: $72,512
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $848/month and 20% down on a home at 7% rate.

Nearby Cities in ARlargest metros in the state

CityStudio1BR2BR3BRHome Value
Memphis$1,105$1,207$1,355$1,781
Little Rock$887$892$1,032$1,376
Fayetteville$853$925$1,111$1,557
Franklin County$642$646$848$1,060
Fort Smith$689$694$910$1,236
Texarkana$848$853$1,071$1,327

Rent or Buy in Grant County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Grant County data

$
Home Value
$350,000
2BR Rent
$848/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏢 Rent

Renting appears to be the better financial choice for this scenario.

Total monthly buy cost: $2,577/movs rent: $848/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Grant County

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Frequently Asked Questions

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🏘️Neighborhoods in Grant County

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💵Rent Affordability in Grant County

Salary needed to afford rent here

🗺️All Cities in AR

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⚖️Compare Grant County

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📋AR Tenant Rights

Deposit limits, eviction laws & renters protections