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City Report · AR

Morrilton

Pop. 7,080·34th most expensive in Arkansas·One of the most affordable rental markets in the US
Median rent (all units)
$800/mo
Year-over-Year
Stable
Month-over-Month
-36.0%
vs US Median
-$1,165
Falling (Monthly)
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Most AffordableMost Expensive
Morrilton · $800
More affordable than 100% of US cities · National median $1,965/mo
Affordability
20% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $800/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$32,000/yr
Local median income
$47,572/yr
Based on the 30%-of-income rule using Morrilton's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$600
1 BR
$660
2 BR
$870
3 BR
$1,220
4 BR+
$1,350
Research median
$870/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
$9,600/yr
At $800/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, -36.0% MoM), not inventory.
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Demographics

Who lives here

Morrilton, AR is majority owner-occupied, has a median income below the national average, 19.3% of residents hold a bachelor's degree or higher.

Population
7,080
Median income
$47,572
Median age
38.4
Renters
41.6%
Age distribution
24.1%
23.2%
20.8%
12.2%
19.6%
Under 1824.1%
18–3423.2%
35–5420.8%
55–6412.2%
65+19.6%
Gender
46.6%
53.4%
Male46.6%
Female53.4%
Race & ethnicity
78%
12.8%
White78%
Black12.8%
Hispanic3.5%
Asian0.6%
Other5%
Education (25+)
39.1%
33.4%
19.3%
No HS diploma8.2%
HS diploma39.1%
Some college33.4%
Bachelor's+19.3%
Housing tenure
58.4%
41.6%
Owner58.4%
Renter41.6%

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

2021 vs 2026

How Morrilton, AR has changed in 5 years

Income
$35,966 → $47,572
up 32.3%
Population
6,948 → 7,080
up 1.9%
Renter share
56.8% → 41.6%
-15.2 pts
Bachelor's+
14.4% → 19.3%
+4.9 pts
Median age
36.2 → 38.4
+2.2 yrs

Median household income rose from $35,966 to $47,572 between 2021 and 2024, a 32.3% shift. The population has grown by 1.9% since 2021, moving from about 6,948 residents to roughly 7,080. Renters now make up 41.6% of households, compared with 56.8% five years ago. College-educated residents now make up 19.3% of adults here, versus 14.4% in 2021.

Community

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View Morrilton rent history (2015–2026) →
Salary vs rent

Can you afford rent in Morrilton on your salary?

At $800/mo, how Morrilton rent compares to typical pay (30% rule).

By apartment size

Morrilton rent by bedroom count

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

Local insights

Tips for renters in Morrilton

About renting in Morrilton, AR

Last updated: June 22, 2026

The median rent in Morrilton is $800/mo as of June 2026. A studio apartment averages $600/mo while a 2-bedroom runs $870/mo. One-bedroom apartments average $660/mo and 3-bedroom units go for $1,220/mo.

At 20% of local median household income ($47,572/yr), Morrilton ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Morrilton an affordable city for renters?

Morrilton is considered very affordable for renters. At $800/mo, rent takes approximately 20% of the local median household income ($47,572/yr). The standard benchmark is 30%. Morrilton falls comfortably within that range.

How much income do you need to rent in Morrilton?

To keep rent at or below 30% of gross income, you would need to earn at least $32,000/year (~$15/hour full-time) to afford the median rent of $800/mo in Morrilton. The local median household income is $47,572/yr, meaning the typical Morrilton household meets that threshold.

Is rent going up or down in Morrilton?

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

How does Morrilton rent compare to other cities in Arkansas?

Morrilton is one of the more affordable cities in Arkansas for rent, ranking #34 out of 34 tracked cities at $800/mo.

What percentage of Morrilton residents rent vs. own?

According to Census data, approximately 41.6% of Morrilton households are renters, while 58.4% are owner-occupied. Morrilton leans toward homeownership, which can mean a smaller rental inventory.

How does Morrilton rent compare to the national average?

Morrilton's median rent of $800/mo is $1,165 (59%) below the US national median of $1,965/mo. Within Arkansas, it ranks #34 out of 34 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $800/mo, rent takes ~20% of Morrilton's median household income ($47,572/yr). The standard benchmark is 30%.

Morrilton 20%Benchmark 30%
State income tax3.9%
Run the Morrilton affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Morrilton, AR

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