Study: Average Arkansas apartment rent jumps 25% since 2020, but hikes slowing

1 year ago 18

LITTLE ROCK, Ark. – The rapid increase in apartment rental rates in Arkansas during the pandemic is just beginning to slow, according to one study.

Insurance comparison site QuoteWizard released a study Monday showing that rent in Arkansas has increased 25% since 2020. The good news is Arkansas has the fourth-lowest rent in the nation, with an average apartment rent of $742.

According to the study, Arkansas rent has gone up 20% since 2021. Since 2022 apartment rent in the Natural State has increased by a comparatively small 10%.

Before the pandemic, rent grew nationally at about 4% a year, according to the Zillow Observed Rent Index.

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