Rents are 7% above what Hot Springs's 10-year trend predicts — running hotter than its own history.
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 $1,285 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
Hot Springs, AR is majority owner-occupied, has a large retiree population, has a median income below the national average, 34.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Hot Springs, AR has changed in 5 years
Compared with 2022, rent in Hot Springs, AR has increased by $405 per month, settling near $1,285 after starting the period at $880. On the earnings side, the typical household in Hot Springs, AR now reports about $47,760, up from $42,718 in 2021. Rent outpaced income growth by roughly 34.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 38,050 to 16,327 between 2021 and 2024, a 57.1% change. About 12.4% of households rent today, against 44.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 22.7% to 34.7%. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and Hot Springs, AR reflects that arc in its own way.
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Can you afford rent in Hot Springs on your salary?
At $1,285/mo, how Hot Springs rent compares to typical pay (30% rule).
Hot Springs rent by bedroom count
Median rent for each apartment size in Hot Springs. Click any size for full breakdown.
Tips for renters in Hot Springs
Last updated: August 17, 2026
The median rent in Hot Springs is $1,285/mo as of August 2026. A studio apartment averages $770/mo while a 2-bedroom runs $1,000/mo. One-bedroom apartments average $775/mo and 3-bedroom units go for $1,265/mo.
At 32% of local median household income ($47,760/yr), Hot Springs ranks as moderate compared to the national benchmark of 30%. Rents have increased 13.0% over the past year.
Frequently asked questions
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What percentage of Hot Springs residents rent vs. own?
How does Hot Springs rent compare to the national average?
At $1,285/mo, rent takes ~32% of Hot Springs's median household income ($47,760/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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