RentData

Average Rent in Greene County, AR↑ Rents rising 3.3% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 46,182

Data review: HUD FY2027Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Greene County, AR has rental prices ranging from $665/month to $1,563/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $783/month — 44% below the national average of $1,400/month. With a median household income of $56,793/year, spending $783/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Greene County Compares

With an average 2-bedroom rent of $935/month, Greene County ranks #20 most expensive of the 70 cities tracked in Arkansas — more affordable than 83% of all US cities in our data.

The Greene County Rental Market

The Greene County, AR area has a population of about 46,182 and 35% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Greene County, AR have risen by $30/month (3.3%) over the past year, from $905 to $935. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Greene County, AR without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,320. The local median household income of $56,793 exceeds that threshold by $25,473, making Greene County relatively accessible compared to local wages.

Economy & Jobs

Greene County, AR has an unemployment rate of 4.7%, 0.8 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Fair Market Rents

HUD FY2027
Studio
$665
Affordable
1 Bedroom
$783
Affordable
2 Bedrooms
$935
↑3.3% YoY
Affordable
3 Bedrooms
$1,287
Affordable
4 Bedrooms
$1,563
Average
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Is Greene 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
$37,400/year
Local median income: $56,793
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $935/month and 20% down on a — home at 7% rate.

Nearby Cities in ARlargest metros in the state

CityStudio1BR2BR3BRHome Value
Memphis$1,095$1,191$1,301$1,717—
Little Rock$964$969$1,121$1,504—
Fayetteville$916$1,056$1,256$1,739—
Franklin County$642$646$848$1,060—
Fort Smith$741$748$979$1,324—
Texarkana$839$874$1,118$1,403—

Rent or Buy in Greene County?

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

Should I Rent or Buy?

Break-even analysis using real Greene County data

$
Home Value
$350,000
2BR Rent
$935/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: $935/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Greene County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Greene County

Compare rent & home prices by neighborhood

💵Rent Affordability in Greene County

Salary needed to afford rent here

🗺️All Cities in AR

See how Greene County ranks statewide

⚖️Compare Greene County

Side-by-side rent & cost of living with any city

📋AR Tenant Rights

Deposit limits, eviction laws & renters protections