Conway, Arkansas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Conway, Arkansas rental market.
Conway, Arkansas
Average Apartment Rent
$969
Y-o-Y Change in Average
Apartment Rent
3.4%
As of March 2026
Compared to a year ago, Conway, Arkansas apartments have recorded a 3.4% rent increase.
Conway, Arkansas Average apartment rent trend
Conway, Arkansas Average Apartment Rent
Conway, Arkansas Apartment rent ranges
At 65.14%, apartments priced Under $1,000 represent the bulk of Conway, Arkansas rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 1.77%.
Conway, Arkansas Housing tenure**
Renters take up 56% of Conway, Arkansas real estate, occupying a total of 14,265 units, while homeowners live in 11,186 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$37,307
Average household size of renter-occupied housing units**
2.16
Rental vacancy rate**
6.6%
Conway, Arkansas Renter-occupied housing units by no. of bedrooms**
There are 7,683 rentals in Conway, Arkansas with 2 beds making up the highest share of the market, at 54%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 111 units. Overall, the median number of rooms in Conway, Arkansas homes for rent is 4.3.
Conway, Arkansas Renter-occupied units by age of householder**
Most condos for rent in Conway, Arkansas are occupied by residents in the 15 - 24 years age group (29%), followed by those in the 25 - 34 years age group (28%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Conway, Arkansas Renter-occupied housing units by family type**
Conway, Arkansas Renter-occupied housing units by the presence of own children**
A total of 5,841 apartments for rent in Conway, Arkansas, or 41% of all rentals are family households. Additionally, 23% of rental homes include children under the age of 18 – that’s 3,352 units. All in all, the median size of a renter-occupied household in Conway, Arkansas is 2.16.
Conway, Arkansas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Conway, Arkansas.
Conway, Arkansas Renter-occupied units by year structure built**
The highest share of Conway, Arkansas apartment rentals, namely 23% or 3,272 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (22%, 3,121 units), and the ones Built 1990 - 1999 (18%, 2,543 units).
Conway, Arkansas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Conway, Arkansas renters (50%) moved in 2018 to 2020, while only 4% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Conway, Arkansas condos for rent is 2019.
Conway, Arkansas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Conway, Arkansas renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 12% have 3 vehicles available.
Conway, Arkansas Means of transportation to work of householders living in renter-occupied housing units**
Conway, Arkansas Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Conway, Arkansas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
