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
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 FY2025Is 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)
Nearby Cities in ARlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home 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
Renting appears to be the better financial choice for this scenario.
Living in Grant County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Grant CountySalary needed to afford rent here
🗺️All Cities in ARSee how Grant County ranks statewide
⚖️Compare Grant CountySide-by-side rent & cost of living with any city
📋AR Tenant RightsDeposit limits, eviction laws & renters protections