Studio Apartment Rent in Greenwood, AR
Median asking rent for a studio apartment in Greenwood, Arkansas as of October 2026. That's +41% lower than the citywide median of $1,183 and +46% below the national studio median of $1,290.
Income needed for a studio in Greenwood
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.
Rent by apartment size in Greenwood
Compare Greenwood's median rent across every apartment size.
Cheapest cities for a studio in Arkansas
| # | City | Studio rent |
|---|---|---|
| 1 | Russellville | $600 |
| 2 | Pine Bluff | $615 |
| 3 | Searcy | $650 |
| 4 | Paragould | $660 |
| 5 | Greenwood (this page) | $700 |
| 6 | Van Buren | $700 |
| 7 | Mountain Home | $720 |
| 8 | Fort Smith | $726 |
| 9 | Jonesboro | $737 |
| 10 | Hot Springs | $770 |
| 11 | Prairie Grove | $790 |
| 12 | Siloam Springs | $790 |
| 13 | Texarkana | $820 |
| 14 | Gentry | $840 |
| 15 | Springdale | $845 |
Most expensive cities for a studio in Arkansas
| # | City | Studio rent |
|---|---|---|
| 1 | Pea Ridge | $1,280 |
| 2 | Centerton | $1,070 |
| 3 | Hot Springs Village | $1,060 |
| 4 | Farmington | $1,000 |
| 5 | Bentonville | $970 |
| 6 | Bella Vista | $965 |
| 7 | Maumelle | $940 |
| 8 | Little Rock | $918 |
| 9 | Sherwood | $900 |
| 10 | North Little Rock | $898 |
| 11 | Cabot | $890 |
| 12 | Rogers | $885 |
| 13 | Benton | $885 |
| 14 | Ward | $880 |
| 15 | Fayetteville | $873 |
Nearby cities — studio rent
Considering nearby alternatives? 1 of these cities have cheaper studio rents than Greenwood.
| City | Distance | Studio rent | vs Greenwood |
|---|---|---|---|
| Barling, AR | 10.7 mi | $870 | +$170 (+24%) |
| Fort Smith, AR | 15.8 mi | $726 | +$26 (+4%) |
| Van Buren, AR | 21.1 mi | $700 | — |
| Prairie Grove, AR | 51.9 mi | $790 | +$90 (+13%) |
| Farmington, AR | 58.1 mi | $1,000 | +$300 (+43%) |
| Fayetteville, AR | 61.1 mi | $873 | +$173 (+25%) |
| Springdale, AR | 68.4 mi | $845 | +$145 (+21%) |
| Siloam Springs, AR | 69.5 mi | $790 | +$90 (+13%) |
| Tahlequah, OK | 73.3 mi | $740 | +$40 (+6%) |
| Russellville, AR | 74.6 mi | $600 | $-100 (-14%) |
| Gentry, AR | 76.3 mi | $840 | +$140 (+20%) |
| Rogers, AR | 78.2 mi | $885 | +$185 (+26%) |
Studio rent in Greenwood — common questions
How much is a studio apartment in Greenwood?
As of October 2026, the median studio apartment rent in Greenwood, Arkansas is $700 per month. This is +41% below the citywide median of $1,183.
What income do you need to afford a studio in Greenwood?
Using the standard 30% rent-to-income rule, you would need an annual income of about $28,000 ($2,333/month gross), which works out to roughly $13.46/hour at a full-time job.
Is Greenwood expensive for a studio compared to the rest of the US?
Greenwood's studio median of $700 is +46% below the national studio median of $1,290. It ranks in the 3th percentile of US cities tracked.
How does Greenwood rank for studio rent in Arkansas?
Among the 34 cities in Arkansas with studio data, Greenwood ranks #5 from cheapest to most expensive.
Are there cheaper studio options near Greenwood?
Yes — nearby cities with cheaper studio rents include Russellville ($600).