RentData

Average Rent in Independence County, AR Rents rising 5.4% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 38,120

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

Market Overview

Independence County, AR has rental prices ranging from $653/month to $1,143/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $657/month — 53% below the national average of $1,400/month. With a median household income of $56,009/year, spending $657/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Independence County Compares

With an average 2-bedroom rent of $862/month, Independence County ranks #27 most expensive of the 67 cities tracked in Arkansas — more affordable than 90% of all US cities in our data.

The Independence County Rental Market

The Independence County, AR area has a population of about 38,120 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Independence County, AR have risen by $44/month (5.4%) over the past year, from $818 to $862. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Independence County, AR without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $26,280. The local median household income of $56,009 exceeds that threshold by $29,729, making Independence County relatively accessible compared to local wages.

Economy & Jobs

Independence 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
$653
Affordable
1 Bedroom
$657
Affordable
2 Bedrooms
$862
5.4% YoY
Affordable
3 Bedrooms
$1,139
Affordable
4 Bedrooms
$1,143
Affordable
🔔
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Is Independence 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
$34,480/year
Local median income: $56,009
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $862/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 Independence County?

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

Should I Rent or Buy?

Break-even analysis using real Independence County data

$
Home Value
$350,000
2BR Rent
$862/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: $862/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Independence County

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Frequently Asked Questions

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🏘️Neighborhoods in Independence County

Compare rent & home prices by neighborhood

💵Rent Affordability in Independence County

Salary needed to afford rent here

🗺️All Cities in AR

See how Independence County ranks statewide

⚖️Compare Independence County

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

📋AR Tenant Rights

Deposit limits, eviction laws & renters protections