Little Rock, 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 Little Rock, Arkansas rental market.
Little Rock, Arkansas
Average Apartment Rent
$1,046
Y-o-Y Change in Average
Apartment Rent
2.9%
As of July 2024
Compared to a year ago, Little Rock, Arkansas apartments have recorded a 2.9% rent increase.
Little Rock, Arkansas |Average apartment rent trend
Little Rock, Arkansas| Average apartment rent
Little Rock, Arkansas | Apartment rent ranges
At 45.44%, apartments priced $700 - $1000 represent the bulk of Little Rock, Arkansas rentals, while condos priced Over $2,000 hold the lowest share of the market – 1.54%.
Little Rock, Arkansas | Housing tenure**
Renters take up 46% of Little Rock, Arkansas real estate, occupying a total of 39,366 units, while homeowners live in 46,999 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$39,032
Average household size of renter-occupied housing units**
2.13
Rental vacancy rate**
11%
Little Rock, Arkansas | Renter-occupied housing units by no. of bedrooms**
There are 15,414 rentals in Little Rock, Arkansas with 2 beds making up the highest share of the market, at 39%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 1,283 units. Overall, the median number of rooms in Little Rock, Arkansas homes for rent is 4.
Little Rock, Arkansas |Renter-occupied units by age of householder**
Most condos for rent in Little Rock, Arkansas are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Little Rock, Arkansas | Renter-occupied housing units by family type**
Little Rock, Arkansas | Renter-occupied housing units by the presence of own children**
A total of 16,679 apartments for rent in Little Rock, Arkansas, or 42% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 10,137 units. All in all, the median size of a renter-occupied household in Little Rock, Arkansas is 2.13.
Little Rock, Arkansas | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 32% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Little Rock, Arkansas.
Little Rock, Arkansas | Renter-occupied units by year structure built**
The highest share of Little Rock, Arkansas apartment rentals, namely 18% or 6,902 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (16%, 6,113 units), and the ones Built 1990 - 1999 (14%, 5,612 units).
Little Rock, Arkansas | Renter-occupied units by year householder moved in**
Median year renter moved into unit2018
Most Little Rock, Arkansas renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Little Rock, Arkansas condos for rent is 2018.
Little Rock, Arkansas | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Little Rock, Arkansas renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 15% have No vehicle available.
Little Rock, Arkansas | Means of transportation to work of householders living in renter-occupied housing units**
Little Rock, Arkansas |Geographical mobility in the past year for householders living in renter-occupied housing units**
Little Rock, Arkansas | Average apartment rent by zip codes
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 Little Rock, 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
