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 $1,390 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: August 17, 2026
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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 $1,044 to $1,390, a 33.1% change over five years. Local incomes tracked alongside that move, going from a median of $48,104 in 2021 to $63,004 more recently. 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.
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Can you afford rent in Conway on your salary?
At $1,390/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: August 17, 2026
The median rent in Conway is $1,390/mo as of August 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 26% of local median household income ($63,004/yr), Conway ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.8% over the past year.
Frequently asked questions
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Is rent going up or down in Conway?
Which Conway neighborhoods have the lowest rent?
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What percentage of Conway residents rent vs. own?
How does Conway rent compare to the national average?
At $1,390/mo, rent takes ~26% 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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