Average Rent in Independence County, AR↑ Rents rising 5.4% YoY
HUD FY2025 · Official government data · Updated annually · Metro pop. 38,120
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 FY2025Is 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)
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 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
Renting appears to be the better financial choice for this scenario.
Living in Independence 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 Independence CountySalary needed to afford rent here
🗺️All Cities in ARSee how Independence County ranks statewide
⚖️Compare Independence CountySide-by-side rent & cost of living with any city
📋AR Tenant RightsDeposit limits, eviction laws & renters protections