Average Rent in Hot Spring County, AR↑ Rents rising 4.1% YoY
HUD FY2027 · Official government data · Updated annually · Metro pop. 33,142
Market Overview
Hot Spring County, AR has rental prices ranging from $638/month to $1,284/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $700/month — 50% below the national average of $1,400/month. With a median household income of $52,644/year, spending $700/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.
How Hot Spring County Compares
With an average 2-bedroom rent of $916/month, Hot Spring County ranks #24 most expensive of the 70 cities tracked in Arkansas — more affordable than 91% of all US cities in our data.
The Hot Spring County Rental Market
The Hot Spring County, AR area has a population of about 33,142 and 23% 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 Hot Spring County, AR have risen by $36/month (4.1%) over the past year, from $880 to $916. This modest growth is consistent with broader inflationary trends seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Hot Spring County, AR without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $28,000. The local median household income of $52,644 exceeds that threshold by $24,644, making Hot Spring County relatively accessible compared to local wages.
Economy & Jobs
Hot Spring 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 FY2027Is Hot Spring 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 | $1,095 | $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 Hot Spring County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Hot Spring County data
Renting appears to be the better financial choice for this scenario.
Living in Hot Spring County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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Compare rent & home prices by neighborhood
💵Rent Affordability in Hot Spring CountySalary needed to afford rent here
🗺️All Cities in ARSee how Hot Spring County ranks statewide
⚖️Compare Hot Spring CountySide-by-side rent & cost of living with any city
📋AR Tenant RightsDeposit limits, eviction laws & renters protections