How much do households in the Little Rock, AR area spend on rent?
Refreshed annually
About $1,055, or 30.1% of their income, in 2020–2024. This is measured by comparing median, or average, rent and median monthly income for renting households.
$1.06K
median monthly rent in Little Rock, AR area (2020–2024)
30.1%
average share of income spent on rent in Little Rock, AR area (2020–2024)
Comparing rent to renter income provides one measure of rental affordability. The Little Rock, AR area’s median rent was about $1,055 per month in 2020–2024. Typical monthly income among renting households was about $3,511 per month during that same period.
A typical household spent about $1,055 on rent in the Little Rock, AR area.
Median gross rent and median renter household income, 2020–2024
Dividing rent by income provides what is called a rent-to-income ratio. A higher ratio of rent-to-income indicates rent is less affordable while a lower ratio indicates greater affordability.
The Department of Housing and Urban Development considers households with a rent-to-income ratio of more than 30%, that is, households that spend more than 30% their income on housing, to be cost-burdened. Cost-burdened households may have less money for other necessities such as food, healthcare, or savings. When median monthly rent is more than 30% of median monthly income, it means a typical household would meet the definition of housing cost-burdened.
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Do households in the Little Rock, AR area spend more or less on rent than other Arkansas metros?
The Little Rock, AR area’s rent-to-income ratio ranked 4 out of 7 Arkansas metros.
Ratio of median gross rent to median renter household income, 2020–2024
Compared to other metro areas in the state, the Little Rock, AR area had the third highest median rent and third highest median renter-household income. (Metro areas are made up of economically interconnected counties that include at least one urban area. A single metro area can include multiple cities and cross state lines.) Out of the seven metros in the state, the Little Rock, AR area’s rent-to-income ratio ranked fourth highest.
Do households in the Little Rock, AR area spend more or less on rent than other mid-sized metros?
The mid-sized metro median rent-to-income ratio was 31.9%.
Ratio of median gross rent to median renter household income, 2020–2024
The Little Rock, AR area is a mid-sized metro, which have between 250,000 and 1 million people. Compared to other mid-sized metros, the Little Rock, AR area’s rent-to income ratio is lower than is typical. The average among mid-sized metros was 31.9% in 2020–2024, 2 percentage points higher than in the Little Rock, AR area.
Renter income and rent, mid-sized metro areas (2020–2024)
| 1. | $6,707 | |
| 2. | $6,419 | |
| 3. | $6,399 | |
| 4. | $6,169 | |
| 5. | $6,112 | |
| 6. | $5,890 | |
| 7. | $5,855 | |
| 8. | $5,845 | |
| 9. | $5,484 | |
| 10. | $5,392 |
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
