City Report · AR

Fort Smith

Pop. 89,805·29th most expensive in Arkansas·Fort Smith rents are up 7.6% over the past year
Median rent (all units)
$1,071/mo
Year-over-Year
+7.6%
Month-over-Month
+3.1%
vs US Median
-$894
Rising (Monthly)
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Most AffordableMost Expensive
Fort Smith · $1,071
More affordable than 96% of US cities · National median $1,965/mo
Rent Reality Score
47/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Fort Smith's 10-year trend predicts.

Actual rent
$1,071/mo
Expected by trend
$1,057/mo
The Rent Reality Score compares today's median rent to where Fort Smith's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$726
1 BR
$728
2 BR
$958
3 BR
$1,304
4 BR+
$1,578
Research median
$958/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
$12,852/yr
At $1,071/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.6% YoY, +3.1% MoM), not inventory.
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Demographics

Who lives here

Fort Smith, AR is roughly split between renters and owners, has a median income below the national average, 23.9% of residents hold a bachelor's degree or higher.

Population
89,805
Median income
$54,816
Median age
36.5
Renters
46.6%
Age distribution
23.8%
24.1%
23.8%
12.3%
16%
Under 1823.8%
18–3424.1%
35–5423.8%
55–6412.3%
65+16%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
60.4%
20.5%
White60.4%
Black7%
Hispanic20.5%
Asian5.5%
Other6.6%
Education (25+)
16.3%
30.7%
29.2%
23.9%
No HS diploma16.3%
HS diploma30.7%
Some college29.2%
Bachelor's+23.9%
Housing tenure
53.4%
46.6%
Owner53.4%
Renter46.6%

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

2021 vs 2026

How Fort Smith, AR has changed in 5 years

Rent
$762 → $1,071
up 40.6%
Income
$48,033 → $54,816
up 14.1%
Population
89,116 → 89,805
up 0.8%
Renter share
48.3% → 46.6%
-1.7 pts
Bachelor's+
24.2% → 23.9%
-0.3 pts
Median age
37 → 36.5
-0.5 yrs

Across the past five years, the going rent in Fort Smith, AR has shifted from $762 to $1,071, up 40.6% since 2021. Census figures show median household income at $54,816 today, compared with $48,033 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has eased from 48.3% to 46.6%, with owner-occupied housing accounting for the remainder. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about Fort Smith

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View Fort Smith rent history (2015–2026) →
Salary vs rent

Can you afford rent in Fort Smith on your salary?

At $1,071/mo, how Fort Smith rent compares to typical pay (30% rule).

By apartment size

Fort Smith rent by bedroom count

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

Local insights

Tips for renters in Fort Smith

About renting in Fort Smith, AR

Last updated: July 20, 2026

The median rent in Fort Smith is $1,071/mo as of July 2026. A studio apartment averages $726/mo while a 2-bedroom runs $958/mo. One-bedroom apartments average $728/mo and 3-bedroom units go for $1,304/mo.

At 23% of local median household income ($54,816/yr), Fort Smith ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.6% over the past year.

FAQ

Frequently asked questions

Is Fort Smith an affordable city for renters?

Fort Smith is considered very affordable for renters. At $1,071/mo, rent takes approximately 23% of the local median household income ($54,816/yr). The standard benchmark is 30%. Fort Smith falls comfortably within that range.

How much income do you need to rent in Fort Smith?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (~$21/hour full-time) to afford the median rent of $1,071/mo in Fort Smith. The local median household income is $54,816/yr, meaning the typical Fort Smith household meets that threshold.

Is rent going up or down in Fort Smith?

Rent in Fort Smith has increased 7.6% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Fort Smith neighborhoods have the lowest rent?

The most affordable ZIP codes in Fort Smith are 72901 ($855/mo), 72904 ($969/mo), and 72903 ($1,173/mo). Citywide, the median rent in Fort Smith is $1,071/mo.

How does Fort Smith rent compare to other cities in Arkansas?

Fort Smith is one of the more affordable cities in Arkansas for rent, ranking #29 out of 34 tracked cities at $1,071/mo.

Which nearby cities are cheaper to rent in than Fort Smith?

Several nearby cities have lower median rents than Fort Smith ($1,071/mo): Van Buren ($1,019/mo), Barling ($1,026/mo).

What percentage of Fort Smith residents rent vs. own?

According to Census data, approximately 46.6% of Fort Smith households are renters, while 53.4% are owner-occupied. Fort Smith leans toward homeownership, which can mean a smaller rental inventory.

How does Fort Smith rent compare to the national average?

Fort Smith's median rent of $1,071/mo is $894 (45%) below the US national median of $1,965/mo. Within Arkansas, it ranks #29 out of 34 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,071/mo, rent takes ~23% of Fort Smith's median household income ($54,816/yr). The standard benchmark is 30%.

Fort Smith 23%Benchmark 30%
State income tax3.9%
Run the Fort Smith affordability calculator →
Lowest-rent ZIP codes in Fort Smith
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Fort Smith, AR

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