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City Report · AR

Prairie Grove

Pop. 7,798·4th most expensive in Arkansas·Prairie Grove rents are up 11.1% over the past year
Median rent (all units)
$1,672/mo
Year-over-Year
+11.1%
Month-over-Month
-2.0%
vs US Median
-$290
Falling (Monthly)
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Most AffordableMost Expensive
Prairie Grove · $1,672
More affordable than 64% of US cities · National median $1,962/mo
Affordability
28% of income
AFFORDABLE
0%30% benchmark60%+

At $1,672/mo, rent takes about 28% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$67,000/yr
Local median income
$70,701/yr
Based on the 30%-of-income rule using Prairie Grove's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$790
1 BR
$840
2 BR
$1,010
3 BR
$1,430
4 BR+
$1,670
Fair Market Rent (HUD)
$1,010/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,672 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$20,064/yr
At $1,672/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.1% YoY, -2.0% MoM), not inventory.
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Demographics

Who lives here

Prairie Grove, AR is majority owner-occupied, has a large share of families with children, 27.5% of residents hold a bachelor's degree or higher.

Population
7,798
Median income
$70,701
Median age
31.7
Renters
35.1%
Age distribution
30.3%
24.9%
24.4%
13.6%
Under 1830.3%
18–3424.9%
35–5424.4%
55–646.7%
65+13.6%
Gender
49.7%
50.3%
Male49.7%
Female50.3%
Race & ethnicity
73%
22.2%
White73%
Hispanic3.8%
Asian1.1%
Other22.2%
Education (25+)
28.3%
40.5%
27.5%
No HS diploma3.7%
HS diploma28.3%
Some college40.5%
Bachelor's+27.5%
Housing tenure
64.9%
35.1%
Owner64.9%
Renter35.1%

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

2021 vs 2026

How Prairie Grove, AR has changed in 5 years

Income
$50,625 → $70,701
up 39.7%
Population
6,908 → 7,798
up 12.9%
Renter share
32.5% → 35.1%
+2.6 pts
Bachelor's+
20.9% → 27.5%
+6.6 pts
Median age
35.6 → 31.7
-3.9 yrs

On the earnings side, the typical household in Prairie Grove, AR now reports about $70,701, up from $50,625 in 2021. Headcount in the area went from 6,908 to 7,798 between 2021 and 2024, a 12.9% change. About 35.1% of households rent today, against 32.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 20.9% to 27.5%.

Community

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View Prairie Grove rent history (2015–2026) →
Salary vs rent

Can you afford rent in Prairie Grove on your salary?

At $1,672/mo, how Prairie Grove rent compares to typical pay (30% rule).

By apartment size

Prairie Grove rent by bedroom count

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

Local insights

Tips for renters in Prairie Grove

About renting in Prairie Grove, AR

Last updated: August 17, 2026

The median rent in Prairie Grove is $1,672/mo as of August 2026. A studio apartment averages $790/mo while a 2-bedroom runs $1,010/mo. One-bedroom apartments average $840/mo and 3-bedroom units go for $1,430/mo.

At 28% of local median household income ($70,701/yr), Prairie Grove ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.1% over the past year.

FAQ

Frequently asked questions

Is Prairie Grove an affordable city for renters?

Prairie Grove is considered affordable for renters. At $1,672/mo, rent takes approximately 28% of the local median household income ($70,701/yr). The standard benchmark is 30%. Prairie Grove falls comfortably within that range.

How much income do you need to rent in Prairie Grove?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,672/mo in Prairie Grove. The local median household income is $70,701/yr, meaning the typical Prairie Grove household meets that threshold.

Is rent going up or down in Prairie Grove?

Rent in Prairie Grove has increased 11.1% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Prairie Grove rent compare to other cities in Arkansas?

Prairie Grove is one of the pricier cities in Arkansas for rent, ranking #4 out of 36 tracked cities at $1,672/mo.

Which nearby cities are cheaper to rent in than Prairie Grove?

Several nearby cities have lower median rents than Prairie Grove ($1,672/mo): Siloam Springs ($1,368/mo), Springdale ($1,497/mo), Farmington ($1,652/mo).

What percentage of Prairie Grove residents rent vs. own?

According to Census data, approximately 35.1% of Prairie Grove households are renters, while 64.9% are owner-occupied. Prairie Grove leans toward homeownership, which can mean a smaller rental inventory.

How does Prairie Grove rent compare to the national average?

Prairie Grove's median rent of $1,672/mo is $290 (15%) below the US national median of $1,962/mo. Within Arkansas, it ranks #4 out of 36 tracked cities.
Income Affordability
28%
AFFORDABLE

At $1,672/mo, rent takes ~28% of Prairie Grove's median household income ($70,701/yr). The standard benchmark is 30%.

Prairie Grove 28%Benchmark 30%
State income tax3.9%
Run the Prairie Grove affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Prairie Grove, AR

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