Chenal Commons
16401 Chenal Valley Dr,
Little Rock, AR 72223
1-3 Beds | $975 - $1,625
Rental Market Trends in Little Rock, AR
What is the average rent in Little Rock, AR?
$952/month
Average Rent
695 Sq Ft
Average Apartment Size
+1.5%
Increase in the Last Year
As of March 2025, the average rent in Little Rock, AR is $952 per month. This is 39% lower than the national average rent of $1,559/month, making renting in Little Rock more affordable than most cities in the US. When you rent an apartment in Little Rock, you can expect to pay about $797 per month for a studio, $952 for a one-bedroom apartment, and around $1,100 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,334 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Little Rock, AR?
In the past year, rent has increased by 1.5%, which averages out to $15 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in Little Rock, AR
Last Updated March 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
18%
Below $700/month
44%
$700 - $1,000/month
35%
$1,001 - $1,500/month
3%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Little Rock?
Based on current rent prices, Upper Baseline, Cloverdale Watson and Wakefield are the most affordable neighborhoods in Little Rock.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Little Rock?
Based on current rent prices, South End, East Little Rock and Downtown Little Rock are the most expensive neighborhoods in Little Rock.
Neighborhood
Average Rent
Average Sq Ft
Which Little Rock neighborhoods have the most rentals available?
The neighborhoods in Little Rock with the most apartments available are West Little Rock, Downtown Little Rock and Western Little Rock .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Little Rock, AR?
Because the average rent in Little Rock is $952, you’ll want to make about $3,173 per month or $38,076 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Little Rock, AR is 5.6% lower than the national average. Generally, housing in Little Rock is 18.5% less expensive than the national average, with rent falling between $797 - $1,334. You can expect to pay 2.3% less for groceries, 10.5% less for utilities, and 9.7% less for transportation.
How does Little Rock, AR compare to other nearby cities and neighborhoods?
Use the tool below to compare Little Rock, AR to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
$727/month
$820/month
Two Bedroom
$854/month
$859/month
Three Bedroom
-
$1,060/month
Nearby City Rent Trends
Apartment communities in Little Rock we think you'll love
Property Management Companies in Little Rock, AR
Fogelman Properties
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52
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15,447
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37
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Monarch Investment and Management Group
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307
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First Capital Residential, Inc
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13
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Village Green
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184
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Tarantino
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62
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11,510
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36
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4 Communities in Little Rock
Canyon View Capital
-
13
Communities
-
3,168
Units
-
9
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4 Communities in Little Rock
Drucker & Falk
-
157
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37,845
Units
-
59
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3 Communities in Little Rock
Lindsey Management Co, Inc
-
76
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-
34,544
Units
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34
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.