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City Report · AR

Hot Springs Village

Pop. 16,327·4th most expensive in Arkansas·Rental market data updated monthly for Hot Springs Village, AR
Median rent (all units)
$1,713/mo
Year-over-Year
Stable
Month-over-Month
-8.1%
vs US Median
-$252
Falling (Monthly)
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Most AffordableMost Expensive
Hot Springs Village · $1,713
More affordable than 61% of US cities · National median $1,965/mo
Affordability
27% of income
AFFORDABLE
0%30% benchmark60%+

At $1,713/mo, rent takes about 27% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$69,000/yr
Local median income
$75,370/yr
Based on the 30%-of-income rule using Hot Springs Village's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,060
1 BR
$1,070
2 BR
$1,320
3 BR
$1,710
4 BR+
$2,080
Research median
$1,320/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: June 22, 2026

Annual cost
$20,556/yr
At $1,713/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -8.1% MoM), not inventory.
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Demographics

Who lives here

Hot Springs Village, AR is majority owner-occupied, has a large retiree population, 34.7% of residents hold a bachelor's degree or higher.

Population
16,327
Median income
$75,370
Median age
69.6
Renters
12.4%
Age distribution
12.2%
13.8%
60.3%
Under 185.7%
18–348.1%
35–5412.2%
55–6413.8%
65+60.3%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
92.9%
White92.9%
Black1.4%
Hispanic1.8%
Other3.6%
Education (25+)
21.8%
41.3%
34.7%
No HS diploma2.2%
HS diploma21.8%
Some college41.3%
Bachelor's+34.7%
Housing tenure
87.6%
12.4%
Owner87.6%
Renter12.4%

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

2021 vs 2026

How Hot Springs Village, AR has changed in 5 years

Income
$62,938 → $75,370
up 19.8%
Population
15,970 → 16,327
up 2.2%
Renter share
14.4% → 12.4%
-2.0 pts
Bachelor's+
38% → 34.7%
-3.3 pts

Median household income rose from $62,938 to $75,370 between 2021 and 2024, a 19.8% shift. The population has grown by 2.2% since 2021, moving from about 15,970 residents to roughly 16,327. Renters now make up 12.4% of households, compared with 14.4% five years ago. College-educated residents now make up 34.7% of adults here, versus 38% in 2021.

Community

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View Hot Springs Village rent history (2015–2026) →
Salary vs rent

Can you afford rent in Hot Springs Village on your salary?

At $1,713/mo, how Hot Springs Village rent compares to typical pay (30% rule).

By apartment size

Hot Springs Village rent by bedroom count

Median rent for each apartment size in Hot Springs Village. Click any size for full breakdown.

Local insights

Tips for renters in Hot Springs Village

About renting in Hot Springs Village, AR

Last updated: June 22, 2026

The median rent in Hot Springs Village is $1,713/mo as of June 2026. A studio apartment averages $1,060/mo while a 2-bedroom runs $1,320/mo. One-bedroom apartments average $1,070/mo and 3-bedroom units go for $1,710/mo.

At 27% of local median household income ($75,370/yr), Hot Springs Village ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Hot Springs Village an affordable city for renters?

Hot Springs Village is considered affordable for renters. At $1,713/mo, rent takes approximately 27% of the local median household income ($75,370/yr). The standard benchmark is 30%. Hot Springs Village falls comfortably within that range.

How much income do you need to rent in Hot Springs Village?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,713/mo in Hot Springs Village. The local median household income is $75,370/yr, meaning the typical Hot Springs Village household meets that threshold.

Is rent going up or down in Hot Springs Village?

Rent in Hot Springs Village has been relatively stable over the past year, with a 0.0% change year over year as of June 2026.

How does Hot Springs Village rent compare to other cities in Arkansas?

Hot Springs Village is one of the pricier cities in Arkansas for rent, ranking #4 out of 34 tracked cities at $1,713/mo.

Which nearby cities are cheaper to rent in than Hot Springs Village?

Several nearby cities have lower median rents than Hot Springs Village ($1,713/mo): Morrilton ($800/mo), Little Rock ($1,220/mo), Maumelle ($1,293/mo).

What percentage of Hot Springs Village residents rent vs. own?

According to Census data, approximately 12.4% of Hot Springs Village households are renters, while 87.6% are owner-occupied. Hot Springs Village leans toward homeownership, which can mean a smaller rental inventory.

How does Hot Springs Village rent compare to the national average?

Hot Springs Village's median rent of $1,713/mo is $252 (13%) below the US national median of $1,965/mo. Within Arkansas, it ranks #4 out of 34 tracked cities.
Income Affordability
27%
AFFORDABLE

At $1,713/mo, rent takes ~27% of Hot Springs Village's median household income ($75,370/yr). The standard benchmark is 30%.

Hot Springs Village 27%Benchmark 30%
State income tax3.9%
Run the Hot Springs Village affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Hot Springs Village, AR

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