At $1,452/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.
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 $1,452 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: October 17, 2026
What the numbers show
30% of the median household income ($75,370) is $1,884 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,710); a 4-bedroom is $2,080.
From Zillow's monthly rent index (ZORI) for Hot Springs Village. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Hot Springs Village, AR has changed in 5 years
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.
Discussions about Hot Springs Village
No discussions yet. Start the conversation.
Can you afford rent in Hot Springs Village on your salary?
At $1,452/mo, how Hot Springs Village rent compares to typical pay (30% rule).
Hot Springs Village rent by bedroom count
Median rent for each apartment size in Hot Springs Village. Click any size for full breakdown.
Tips for renters in Hot Springs Village
Last updated: October 17, 2026
The median rent in Hot Springs Village is $1,452/mo as of October 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 23% 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.
Frequently asked questions
How much income do you need to rent in Hot Springs Village?
Is rent going up or down in Hot Springs Village?
How does Hot Springs Village rent compare to other cities in Arkansas?
Which nearby cities are cheaper to rent in than Hot Springs Village?
At $1,452/mo, rent takes ~23% of Hot Springs Village's median household income ($75,370/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Hot Springs Village.
No discussions yet.