Average Rent in Hempstead County, AR🔻 3rd cheapest in AR

Hempstead County, AR has rental prices ranging from $679/month to $1,313/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $835/month — 40% below the national average of $1,400/month. With a median household income of $47,654/year, spending $835/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Hempstead County Compares

With an average 2-bedroom rent of $909/month, Hempstead County ranks #68 most expensive of the 70 cities tracked in Arkansas — more affordable than 94% of all US cities in our data.

The Hempstead County Rental Market

The Hempstead County, AR area has a population of about 19,778 and 30% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Hempstead County, AR have risen by $1/month (0.1%) over the past year, from $908 to $909. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Hempstead County, AR without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $33,400. The local median household income of $47,654 exceeds that threshold by $14,254, making Hempstead County relatively accessible compared to local wages.

Economy & Jobs

Hempstead County, AR has an unemployment rate of 4.8%, 0.9 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.

Is Hempstead County, AR Affordable?

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

Rent or Buy in Hempstead County?

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

Living in Hempstead County

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