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City Report · AR

Farmington

Pop. 9,094·5th most expensive in Arkansas·Farmington rents have dropped 7.3%, currently a renter's market
Median rent (all units)
$1,623/mo
Year-over-Year
-7.3%
Month-over-Month
+0.8%
vs US Median
-$342
Rising (Monthly)
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Most AffordableMost Expensive
Farmington · $1,623
More affordable than 68% of US cities · National median $1,965/mo
Affordability
22% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,623/mo, rent takes about 22% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$65,000/yr
Local median income
$90,469/yr
Based on the 30%-of-income rule using Farmington's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,000
1 BR
$1,080
2 BR
$1,300
3 BR
$1,820
4 BR+
$2,100
Research median
$1,300/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: July 20, 2026

Annual cost
$19,476/yr
At $1,623/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 7.3% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-7.3% YoY, +0.8% MoM), not inventory.
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Demographics

Who lives here

Farmington, AR is majority owner-occupied, has a large share of families with children, has a median income above the national average, 36.2% of residents hold a bachelor's degree or higher.

Population
9,094
Median income
$90,469
Median age
35.7
Renters
27.6%
Age distribution
25.4%
22.9%
26.5%
15.3%
Under 1825.4%
18–3422.9%
35–5426.5%
55–649.9%
65+15.3%
Gender
50.5%
49.5%
Male50.5%
Female49.5%
Race & ethnicity
74.9%
15.6%
White74.9%
Black3.4%
Hispanic5.8%
Other15.6%
Education (25+)
32.8%
26.6%
36.2%
No HS diploma4.4%
HS diploma32.8%
Some college26.6%
Bachelor's+36.2%
Housing tenure
72.4%
27.6%
Owner72.4%
Renter27.6%

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

2021 vs 2026

How Farmington, AR has changed in 5 years

Income
$77,443 → $90,469
up 16.8%
Population
7,601 → 9,094
up 19.6%
Renter share
24.4% → 27.6%
+3.2 pts
Bachelor's+
29.7% → 36.2%
+6.5 pts

On the earnings side, the typical household in Farmington, AR now reports about $90,469, up from $77,443 in 2021. Census counts show Farmington, AR adding about 1,493 residents over the five-year window, up 19.6% on net. The renter share has risen from 24.4% to 27.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 29.7% to 36.2% across the same window.

Community

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

Can you afford rent in Farmington on your salary?

At $1,623/mo, how Farmington rent compares to typical pay (30% rule).

By apartment size

Farmington rent by bedroom count

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

Local insights

Tips for renters in Farmington

About renting in Farmington, AR

Last updated: July 20, 2026

The median rent in Farmington is $1,623/mo as of July 2026. A studio apartment averages $1,000/mo while a 2-bedroom runs $1,300/mo. One-bedroom apartments average $1,080/mo and 3-bedroom units go for $1,820/mo.

At 22% of local median household income ($90,469/yr), Farmington ranks as affordable compared to the national benchmark of 30%. Rents have decreased 7.3% over the past year.

FAQ

Frequently asked questions

Is Farmington an affordable city for renters?

Farmington is considered very affordable for renters. At $1,623/mo, rent takes approximately 22% of the local median household income ($90,469/yr). The standard benchmark is 30%. Farmington falls comfortably within that range.

How much income do you need to rent in Farmington?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,623/mo in Farmington. The local median household income is $90,469/yr, meaning the typical Farmington household meets that threshold.

Is rent going up or down in Farmington?

Rent in Farmington has decreased 7.3% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Farmington rent compare to other cities in Arkansas?

Farmington is one of the pricier cities in Arkansas for rent, ranking #5 out of 34 tracked cities at $1,623/mo.

Which nearby cities are cheaper to rent in than Farmington?

Several nearby cities have lower median rents than Farmington ($1,623/mo): Siloam Springs ($1,365/mo), Springdale ($1,513/mo).

What percentage of Farmington residents rent vs. own?

According to Census data, approximately 27.6% of Farmington households are renters, while 72.4% are owner-occupied. Farmington leans toward homeownership, which can mean a smaller rental inventory.

How does Farmington rent compare to the national average?

Farmington's median rent of $1,623/mo is $342 (17%) below the US national median of $1,965/mo. Within Arkansas, it ranks #5 out of 34 tracked cities.
Income Affordability
22%
VERY AFFORDABLE

At $1,623/mo, rent takes ~22% of Farmington's median household income ($90,469/yr). The standard benchmark is 30%.

Farmington 22%Benchmark 30%
State income tax3.9%
Run the Farmington affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Farmington, AR

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