ZIP Code · AR

ZIP 72116

Pop. 22,464·Pulaski County·46th most expensive ZIP in Arkansas
Median rent (all units)
$1,115/mo
Year-over-Year
-1.9%
Month-over-Month
-0.8%
vs US Median
-$817
Reported rents
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 72116 · $1,115
More affordable than 95% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,000
1 BR
$1,010
2 BR
$1,170
3 BR
$1,570
4 BR+
$1,860
Research median
$1,170/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 72116 is 3.6% below its high of $1,157 in March 2026, at $1,115 as of September 2026.

Past year vs. the rest of Arkansas

Rent in ZIP 72116 changed -1.9% over the year to September 2026. Across the 44 Arkansas ZIP codes Zillow tracks, the typical change was +2.4%.

Recent direction

Rent has fallen 6 months in a row, and rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($79,010) is $1,975 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,860).

Rank in North Little Rock

3rd cheapest of 4 ZIP codes in North Little Rock.

From Zillow's monthly rent index (ZORI) for ZIP 72116. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$13,380/yr
At $1,115/mo median
Location
StateAR
CountyPulaski County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.9% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.9% YoY, -0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 72116 (North Little Rock, AR) is majority owner-occupied, has a large retiree population, 42.2% of residents hold a bachelor's degree or higher.

Population
22,464
Median income
$79,010
Median age
40.9
Renters
38.8%
Age distribution
19.1%
23.6%
22.4%
23.4%
Under 1819.1%
18–3423.6%
35–5422.4%
55–6411.6%
65+23.4%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
72.7%
18%
White72.7%
Black18%
Hispanic2.8%
Asian1.3%
Other5.2%
Education (25+)
22.9%
32%
42.2%
No HS diploma2.9%
HS diploma22.9%
Some college32%
Bachelor's+42.2%
Housing tenure
61.2%
38.8%
Owner61.2%
Renter38.8%

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

2023 vs 2026

How ZIP 72116 in North Little Rock, AR has changed in 5 years

Rent
$1,041 → $1,115
up 7.1%
Income
$72,910 → $79,010
up 8.4%
Population
20,651 → 22,464
up 8.8%
Renter share
32.1% → 38.8%
+6.7 pts
Bachelor's+
44.4% → 42.2%
-2.2 pts
Median age
42 → 40.9
-1.1 yrs

Five years ago, renters in ZIP 72116 in North Little Rock, AR paid around $1,041 a month. That figure now sits near $1,115, up 7.1% from the 2023 baseline. Local incomes tracked alongside that move, going from a median of $72,910 in 2021 to $79,010 more recently. Census counts show ZIP 72116 in North Little Rock, AR adding about 1,813 residents over the five-year window, up 8.8% on net. The renter share has risen from 32.1% to 38.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 44.4% to 42.2% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 72116 in North Little Rock, AR market of 2023.

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About renting in ZIP 72116

Last updated: October 17, 2026

ZIP code 72116 covers North Little Rock, AR. The median rent here is $1,115/mo as of October 2026. A 1-bedroom rents for a median of $1,010/mo. A 2-bedroom rents for a median of $1,170/mo.

At 17% of local median household income ($79,010/yr), ZIP 72116 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 72116?

To keep rent at or below 30% of gross income, you would need to earn at least $45,000/year (about $22/hour full-time) to afford the median rent of $1,115/mo in ZIP 72116. The local median household income is $79,010/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 72116?

Rent in ZIP 72116 has fallen 1.9% over the past year as of September 2026. It sits 3.6% below its high of $1,157 in March 2026.

How does ZIP 72116 compare to other ZIPs in Arkansas?

ZIP 72116 is one of the more affordable among Arkansas ZIP codes for rent, ranking #46 of 61 at $1,115/mo. Over the year to September 2026, rent in ZIP 72116 changed -1.9%, against a typical +2.4% across the 44 Arkansas ZIP codes Zillow tracks.

How does ZIP 72116 compare to the rest of North Little Rock?

At $1,115/mo, ZIP 72116 is $13 below the North Little Rock citywide median of $1,128/mo. It is the 3rd cheapest of 4 ZIP codes in North Little Rock.
Income Affordability
17%
VERY AFFORDABLE

At $1,115/mo, rent takes ~17% of ZIP 72116's median household income ($79,010/yr). The standard benchmark is 30%.

ZIP 72116 17%Benchmark 30%
State income tax3.9%
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Schools nearby

Public schools near ZIP 72116 (North Little Rock, AR)

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