Little Rock Arkansas Residential Rent and Rental Statistics
The median monthly gross residential rent in Little Rock, AR (the Little Rock-North Little Rock-Conway metro area) was $829 in 2019 according to the Census ACS survey.1 Average gross rent in Little Rock was $840 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Little Rock median and average rent data will be released in September of 2021.
Data is also available below for Little Rock rental vacancy rates, Little Rock rent as a percent of median income and the fraction of renters in Little Rock.
Real Gross Rent in Little Rock Arkansas (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Arkansas Median Gross Rent | $742 | -0.27% | +1.09% |
| Little Rock, AR Median Gross Rent | $829 | -0.84% | -1.43% |
Little Rock, AR Real Gross Rent Trends
Median gross rent for Little Rock peaked in real terms in 2015 at $856 and is now $27 (3.15%) lower. Average gross rent for Little Rock peaked in real terms in 2015 at $849 and is now $9 (1.06%) lower.
Real Gross Rent in Little Rock: Little Rock AR Median, Little Rock AR Average, Arkansas Median, US Median
Real Gross Rent History for Little Rock
| Date | US Median |
Arkansas Median |
Little Rock, AR Median |
Little Rock, AR Average |
|---|---|---|---|---|
| 2019 | $1,097 | $742 | $829 | $840 |
| 2018 | $1,077 | $744 | $836 | $846 |
| 2017 | $1,043 | $733 | $836 | $848 |
| 2016 | $1,027 | $734 | $841 | $830 |
| 2015 | $1,017 | $737 | $856 | $849 |
| 2014 | $986 | $721 | $806 | $798 |
| 2013 | $953 | $694 | $794 | $800 |
| 2012 | $940 | $681 | $757 | $761 |
| 2011 | $941 | $690 | $787 | $791 |
| 2010 | $955 | $713 | $817 | $812 |
| 2009 | $960 | $691 | $798 | $783 |
| 2007 | $927 | $673 | $789 | $755 |
| 2005 | $910 | $686 | $791 | $758 |
Little Rock Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Little Rock Arkansas was 9.66% according to Census ACS data.
Rental Vacancy Rate in Little Rock Arkansas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Arkansas | 7.37% | -0.98% | -0.69% |
| Little Rock, AR | 9.66% | -2.68% | -1.55% |
Trends in Little Rock, AR Rental Vacancy Rate
The rental vacancy rate in Little Rock peaked in 2013 at 16.77%. Since then it has fallen by 7.11% to 9.66%. Data records for this series originated in 2005.
Rental Vacancy Rate: Little Rock AR, Arkansas, US
Historical Rental Vacancy Rate data for Little Rock
| Date | US | Arkansas | Little Rock, AR |
|---|---|---|---|
| 2019 | 5.97% | 7.37% | 9.66% |
| 2018 | 6.15% | 8.35% | 12.34% |
| 2017 | 6.18% | 8.22% | 11.64% |
| 2016 | 5.89% | 8.06% | 11.21% |
| 2015 | 5.85% | 8.50% | 11.65% |
| 2014 | 6.32% | 9.60% | 12.84% |
| 2013 | 6.49% | 9.66% | 16.77% |
| 2012 | 6.77% | 9.13% | 12.84% |
| 2011 | 7.40% | 10.00% | 13.71% |
| 2010 | 8.17% | 10.46% | 10.52% |
| 2009 | 8.43% | 10.48% | 10.48% |
| 2007 | 7.87% | 8.73% | 11.86% |
| 2005 | 7.74% | 9.52% | 12.48% |
Rent as a Fraction of Income
Using median household income data for Little Rock, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Little Rock, median monthly gross rent as a fraction of median household income was 17.50% in 2019 according to the ACS.
Little Rock Arkansas Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Arkansas | 18.19% | -0.45% | -0.78% |
| Little Rock, AR | 17.50% | -1.41% | -1.21% |
Trends in Little Rock, AR Rent as a Fraction of Income
The fraction of median Little Rock household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 19.74%. Since then it has fallen by 2.24% to 17.50%.
Fraction of Income towards Rent: Little Rock AR, Arkansas, US
Historical Data for Annual Rent as a Fraction of Income in Little Rock Arkansas
| Date | US | Arkansas | Little Rock, AR |
|---|---|---|---|
| 2019 | 20.03% | 18.19% | 17.50% |
| 2018 | 20.50% | 18.64% | 18.91% |
| 2017 | 20.13% | 18.60% | 18.30% |
| 2016 | 20.43% | 18.97% | 18.71% |
| 2015 | 20.63% | 19.86% | 19.74% |
| 2014 | 20.89% | 19.86% | 18.94% |
| 2013 | 20.78% | 19.52% | 18.73% |
| 2012 | 20.65% | 19.15% | 17.86% |
| 2011 | 20.70% | 19.78% | 18.76% |
| 2010 | 20.50% | 19.99% | 19.07% |
| 2009 | 20.12% | 19.23% | 18.27% |
| 2007 | 18.66% | 18.03% | 17.60% |
| 2005 | 18.89% | 18.82% | 18.05% |
Renter Fraction in Little Rock Arkansas
You can calculate the renter fraction in Little Rock in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Little Rock as a fraction of total Little Rock households. In 2019 36.03% of households were renters according to Census ACS data.
Little Rock Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Arkansas | 34.53% | +0.29% | -0.92% |
| Little Rock, AR | 36.03% | +1.11% | -1.36% |
Trends in the Little Rock, AR Renter Fraction
The Little Rock household renter fraction peaked in in 2016 at 37.39% and is now 1.36% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Little Rock AR, Arkansas, US
History of Little Rock Renter Fraction
| Date | US | Arkansas | Little Rock, AR |
|---|---|---|---|
| 2019 | 35.89% | 34.53% | 36.03% |
| 2018 | 36.05% | 34.24% | 34.92% |
| 2017 | 36.13% | 34.75% | 36.37% |
| 2016 | 36.88% | 35.45% | 37.39% |
| 2015 | 36.97% | 34.83% | 36.93% |
| 2014 | 36.90% | 34.21% | 36.89% |
| 2013 | 36.50% | 34.28% | 34.12% |
| 2012 | 36.09% | 33.76% | 34.65% |
| 2011 | 35.42% | 33.40% | 34.39% |
| 2010 | 34.65% | 32.59% | 34.63% |
| 2009 | 34.13% | 33.96% | 36.10% |
| 2007 | 32.80% | 32.27% | 31.98% |
| 2005 | 33.10% | 32.25% | 33.43% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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