Department of Numbers

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 $807 in 2015 according to the Census ACS survey.1 Average gross rent in Little Rock was $800 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Little Rock median and average rent data will be released in September of 2017.

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.

Show dollars as: Nominal Real

Real Gross Rent in Little Rock Arkansas (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Arkansas Median Gross Rent $695 +2.21% +8.26%
Little Rock, AR Median Gross Rent $807 +6.32% +13.03%

Little Rock, AR Real Gross Rent Trends

At $807, real median gross rent in Little Rock was at its highest level in 2015 since the series began in 2005. At $800, real average gross rent in Little Rock was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Little Rock: Little Rock AR Median, Little Rock AR Average, Arkansas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Little Rock

Date US
Median
Arkansas
Median
Little Rock, AR
Median
Little Rock, AR
Average
2015 $959 $695 $807 $800
2014 $930 $680 $759 $752
2013 $898 $654 $748 $754
2012 $886 $642 $714 $717
2011 $887 $651 $742 $745
2010 $901 $672 $770 $766
2009 $905 $651 $752 $738
2008 $920 $677 $789 $779
2007 $874 $635 $744 $712
2006 $883 $655 $759 $720
2005 $858 $647 $746 $714

Little Rock Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Little Rock Arkansas was 11.65% according to Census ACS data.

Rental Vacancy Rate in Little Rock Arkansas

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Arkansas 8.50% -1.10% -0.63%
Little Rock, AR 11.65% -1.19% -1.19%

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 5.12% to 11.65%. Data records for this series originated in 2005.

Rental Vacancy Rate: Little Rock AR, Arkansas, US

Rental vacancy rate in Arkansas

Historical Rental Vacancy Rate data for Little Rock

Date US Arkansas Little Rock, AR
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%
2008 7.86% 9.53% 7.77%
2007 7.87% 8.73% 11.86%
2006 7.70% 8.03% 6.90%
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 19.74% in 2015 according to the ACS.

Little Rock Arkansas Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Arkansas 19.86% -0.00% +0.71%
Little Rock, AR 19.74% +0.79% +1.88%

Trends in Little Rock, AR Rent as a Fraction of Income

Little Rock renters paid 19.74% of median household income towards the median monthly gross rent in 2015. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Little Rock AR, Arkansas, US

Percent of median household income going towards median monthly gross rent in Little Rock Arkansas

Historical Data for Annual Rent as a Fraction of Income in Little Rock Arkansas

Date US Arkansas Little Rock, AR
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%
2008 19.00% 18.74% 18.74%
2007 18.66% 18.03% 17.60%
2006 18.90% 18.56% 17.59%
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 2015 36.93% of households were renters according to Census ACS data.

Little Rock Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Arkansas 34.83% +0.62% +1.07%
Little Rock, AR 36.93% +0.04% +2.28%

Trends in the Little Rock, AR Renter Fraction

At 36.93%, the 2015 household based renter fraction in Little Rock was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Little Rock AR, Arkansas, US

Fraction of renters in Little Rock

History of Little Rock Renter Fraction

Date US Arkansas Little Rock, AR
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%
2008 33.36% 32.62% 34.98%
2007 32.80% 32.27% 31.98%
2006 32.73% 31.72% 33.54%
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.