Fort Smith, 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 Fort Smith, Arkansas rental market.
Fort Smith, Arkansas
Average Apartment Rent
$815
Y-o-Y Change in Average
Apartment Rent
-1.3%
As of May 2026
Compared to a year ago, Fort Smith, Arkansas apartments have recorded a -1.3% rent decrease.
Fort Smith, Arkansas Average apartment rent trend
Fort Smith, Arkansas Average Apartment Rent
Fort Smith, Arkansas Apartment rent ranges
At 88.34%, apartments priced Under $1,000 represent the bulk of Fort Smith, Arkansas rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 11.66%.
Fort Smith, Arkansas Housing tenure**
Renters take up 49% of Fort Smith, Arkansas real estate, occupying a total of 17,683 units, while homeowners live in 18,690 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$37,427
Average household size of renter-occupied housing units**
2.29
Rental vacancy rate**
5.8%
Fort Smith, Arkansas Renter-occupied housing units by no. of bedrooms**
There are 7,560 rentals in Fort Smith, Arkansas with 2 beds making up the highest share of the market, at 43%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 149 units. Overall, the median number of rooms in Fort Smith, Arkansas homes for rent is 4.3.
Fort Smith, Arkansas Renter-occupied units by age of householder**
Most condos for rent in Fort Smith, Arkansas are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Fort Smith, Arkansas Renter-occupied housing units by family type**
Fort Smith, Arkansas Renter-occupied housing units by the presence of own children**
A total of 9,194 apartments for rent in Fort Smith, Arkansas, or 52% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 6,080 units. All in all, the median size of a renter-occupied household in Fort Smith, Arkansas is 2.29.
Fort Smith, Arkansas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 18% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Fort Smith, Arkansas.
Fort Smith, Arkansas Renter-occupied units by year structure built**
The highest share of Fort Smith, Arkansas apartment rentals, namely 21% or 3,759 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (18%, 3,201 units), and the ones Built 1950 - 1959 (12%, 2,203 units).
Fort Smith, Arkansas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Fort Smith, Arkansas renters (41%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Fort Smith, Arkansas condos for rent is 2018.
Fort Smith, Arkansas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Fort Smith, Arkansas renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 14% have No vehicle available.
Fort Smith, Arkansas Means of transportation to work of householders living in renter-occupied housing units**
Fort Smith, 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 Fort Smith, 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
