RentData

Average Rent in Texarkana, AR↑ Rents rising 1.5% YoY🔺 4th priciest in AR

HUD FY2027 · Official government data · Updated annually · Metro pop. 146,868

Data review: HUD FY2027Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Texarkana, AR has rental prices ranging from $839/month to $1,683/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $874/month — 38% below the national average of $1,400/month. With a median household income of $55,046/year, spending $874/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Texarkana Compares

With an average 2-bedroom rent of $1,118/month, Texarkana ranks #4 most expensive of the 70 cities tracked in Arkansas — pricier than 67% of all US cities in our data.

The Texarkana Rental Market

The Texarkana, AR area has a population of about 146,868 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 Texarkana, AR have risen by $17/month (1.5%) over the past year, from $1,101 to $1,118. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Texarkana, AR without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $34,960. The local median household income of $55,046 exceeds that threshold by $20,086, making Texarkana relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Texarkana, AR is $161,353, giving a price-to-rent ratio of 12.0. The break-even point between renting and buying is roughly 12 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Fair Market Rents

HUD FY2027
Studio
$839
Affordable
1 Bedroom
$874
Affordable
2 Bedrooms
$1,118
↑1.5% YoY
Affordable
3 Bedrooms
$1,403
Average
4 Bedrooms
$1,683
Average
🔔
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▼
Median Home Value
$161,353
Source: Zillow ZHVI
Est. monthly payment
$859/mo
20% down · 30yr · 7%

Is Texarkana, 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
$44,720/year
Local median income: $55,046
To buy a median home
$34,352/year
US national median: $75,000
💡 Based on a 2BR rent of $1,118/month and 20% down on a $161,353 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—
Jonesboro$889$895$1,079$1,418—

Rent or Buy in Texarkana?

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

Should I Rent or Buy?

Break-even analysis using real Texarkana data

$
Home Value
$161,353
2BR Rent
$1,118/mo
Mortgage Rate
7%
Monthly P&I
$859/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $1,188/movs rent: $1,118/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $161,353 home at 7% rate

20% — $32,271
3%50%
Estimated Monthly Payment
$859
per month · 30 years · 7% APR
Loan Amount
$129,082
Total Paid
$309,164
Total Interest
$180,082
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Texarkana

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

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Frequently Asked Questions

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🏘️Neighborhoods in Texarkana

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Texarkana

Is it cheaper to rent or buy here?

💵Rent Affordability in Texarkana

Salary needed to afford rent here

🗺️All Cities in AR

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⚖️Compare Texarkana

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📋AR Tenant Rights

Deposit limits, eviction laws & renters protections