Rents are 5% below what Conway's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,314 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in Conway usually run 0.6% below trend in December and 1% above it in August, about $21 a month apart at today's median. Based on 10 years of data.
Rent in Conway is at its highest level since Zillow's records here began in May 2016.
Rent in Conway changed +3.5% over the year to September 2026. Across the 24 Arkansas cities Zillow tracks, the typical change was +2.7%.
From 2019 to 2024, rent in Conway rose 35.5% while median household income rose 33.4% ($47,221 to $63,004). Rent outpaced income.
Rent in Conway is 39.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($63,004) is $1,575 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,330); a 4-bedroom is $1,580.
North Little Rock, 21 miles away, rents for 14% less ($1,128/mo), about $2,200 a year in savings.
From Zillow's monthly rent index (ZORI) for Conway. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Conway, AR is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 42.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Conway, AR has changed in 5 years
Since 2021, the typical rent in Conway, AR has increased from $1,032 to $1,314, a 27.3% change over five years. Local incomes tracked alongside that move, going from a median of $48,104 in 2021 to $63,004 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 6.1% since 2021, moving from about 63,746 residents to roughly 67,642. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Conway, AR market of 2021.
Discussions about Conway
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At $1,314/mo, how Conway rent compares to typical pay (30% rule).
Conway rent by bedroom count
Median rent for each apartment size in Conway. Click any size for full breakdown.
Tips for renters in Conway
Last updated: October 17, 2026
The median rent in Conway is $1,314/mo as of October 2026. A studio apartment averages $860/mo while a 2-bedroom runs $1,000/mo. One-bedroom apartments average $860/mo and 3-bedroom units go for $1,330/mo.
At 25% of local median household income ($63,004/yr), Conway ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Conway?
At $1,314/mo, rent takes ~25% of Conway's median household income ($63,004/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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