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City Report · AR

Conway

Pop. 67,642·15th most expensive in Arkansas·One of the most affordable rental markets in the US
Median rent (all units)
$1,361/mo
Year-over-Year
+4.8%
Month-over-Month
+4.9%
vs US Median
-$569
Rising (Monthly)
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Most AffordableMost Expensive
Conway · $1,361
More affordable than 83% of US cities · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$860
1 BR
$860
2 BR
$1,000
3 BR
$1,330
4 BR+
$1,580
Research median
$1,000/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: May 30, 2026

Annual cost
$16,332/yr
At $1,361/mo median
Market timing
Rents rising
Act sooner rather than later.
Rent Reality Score
63/100
Good value
OverheatedFairGreat value

Rents are 6% below what Conway's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,361/mo
Expected by trend
$1,453/mo
The Rent Reality Score compares today's median rent to where Conway's own long-run trajectory projects it should be. See the full rankings →
Demographics

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.

Population
67,642
Median income
$63,004
Median age
30.3
Renters
54.6%
Age distribution
20.3%
36.7%
22.4%
Under 1820.3%
18–3436.7%
35–5422.4%
55–649.2%
65+11.4%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
69.6%
17.8%
White69.6%
Black17.8%
Hispanic8.2%
Asian1.6%
Other2.9%
Education (25+)
23.2%
28%
42.7%
No HS diploma6.1%
HS diploma23.2%
Some college28%
Bachelor's+42.7%
Housing tenure
45.4%
54.6%
Owner45.4%
Renter54.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Conway, AR has changed in 5 years

Rent
$1,044 → $1,361
up 30.4%
Income
$48,104 → $63,004
up 31.0%
Population
63,746 → 67,642
up 6.1%
Renter share
55.4% → 54.6%
-0.8 pts
Bachelor's+
41.3% → 42.7%
+1.4 pts
Median age
29.1 → 30.3
+1.2 yrs

Since 2021, the typical rent in Conway, AR has increased from $1,044 to $1,361, a 30.4% 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.

Community

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View Conway rent history (2015–2026) →
Salary vs rent

Can you afford rent in Conway on your salary?

At $1,361/mo, how Conway rent compares to typical pay (30% rule).

By apartment size

Conway rent by bedroom count

Median rent for each apartment size in Conway. Click any size for full breakdown.

Local insights

Tips for renters in Conway

About renting in Conway, AR

Last updated: May 30, 2026

The median rent in Conway is $1,361/mo as of May 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 4.8% over the past year.

FAQ

Frequently asked questions

Is Conway an affordable city for renters?

Conway is considered affordable for renters. At $1,361/mo, rent takes approximately 26% of the local median household income ($63,004/yr). The standard benchmark is 30%. Conway falls comfortably within that range.

How much income do you need to rent in Conway?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,361/mo in Conway. The local median household income is $63,004/yr, meaning the typical Conway household meets that threshold.

Is rent going up or down in Conway?

Rent in Conway has increased 4.8% over the past year as of May 2026, putting upward pressure on renter budgets.

Which Conway neighborhoods have the lowest rent?

The most affordable ZIP codes in Conway are 72032 ($1,281/mo), and 72034 ($1,435/mo). Citywide, the median rent in Conway is $1,361/mo.

How does Conway rent compare to other cities in Arkansas?

Conway is middle-of-the-pack for Arkansas for rent, ranking #15 out of 35 tracked cities at $1,361/mo.

Which nearby cities are cheaper to rent in than Conway?

Several nearby cities have lower median rents than Conway ($1,361/mo): Jacksonville ($1,040/mo), North Little Rock ($1,107/mo), Greenbrier ($1,138/mo).

What percentage of Conway residents rent vs. own?

According to Census data, approximately 54.6% of Conway households are renters, while 45.4% are owner-occupied. With a majority renter population, Conway has a strong rental market.

How does Conway rent compare to the national average?

Conway's median rent of $1,361/mo is $569 (29%) below the US national median of $1,930/mo. Within Arkansas, it ranks #15 out of 35 tracked cities.
Affordability
26%
AFFORDABLE

At $1,361/mo, rent takes ~26% of Conway's median household income ($63,004/yr). The standard benchmark is 30%.

Conway 26%Benchmark 30%
State income tax3.9%
Run the Conway affordability calculator →
Lowest-rent ZIP codes in Conway
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Conway, AR

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