ZIP Code · AR

ZIP 72223

Pop. 26,986·Pulaski County·35th most expensive ZIP in Arkansas
Median rent (all units)
$1,214/mo
Year-over-Year
+1.1%
Month-over-Month
+0.4%
vs US Median
-$718
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 72223 · $1,214
More affordable than 91% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,210
1 BR
$1,220
2 BR
$1,410
3 BR
$1,890
4 BR+
$2,240
Research median
$1,410/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 72223 is 1.9% below its high of $1,238 in July 2024, at $1,214 as of September 2026.

Past year vs. the rest of Arkansas

Rent in ZIP 72223 changed +1.1% over the year to September 2026. Across the 44 Arkansas ZIP codes Zillow tracks, the typical change was +2.4%.

Recent direction

Rent has risen 4 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($101,062) is $2,527 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,240).

Rank in Little Rock

6th cheapest of 10 ZIP codes in Little Rock.

Cheaper nearby

ZIP 72211, 6 miles away, rents for 12% less ($1,073/mo), about $1,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 72223. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$14,568/yr
At $1,214/mo median
Location
StateAR
CountyPulaski County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.1% YoY, +0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 72223 (Little Rock, AR) is majority owner-occupied, has a large retiree population, has a median income above the national average, 64.4% of residents hold a bachelor's degree or higher.

Population
26,986
Median income
$101,062
Median age
41.7
Renters
38.9%
Age distribution
22.2%
19.9%
25.3%
20.6%
Under 1822.2%
18–3419.9%
35–5425.3%
55–6412%
65+20.6%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
64.5%
17.1%
White64.5%
Black17.1%
Hispanic5%
Asian9.6%
Other3.8%
Education (25+)
21.9%
64.4%
No HS diploma3.3%
HS diploma10.4%
Some college21.9%
Bachelor's+64.4%
Housing tenure
61.1%
38.9%
Owner61.1%
Renter38.9%

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

2023 vs 2026

How ZIP 72223 in Little Rock, AR has changed in 5 years

Rent
$1,174 → $1,214
up 3.4%
Income
$97,530 → $101,062
up 3.6%
Population
25,765 → 26,986
up 4.7%
Renter share
38.4% → 38.9%
+0.5 pts
Bachelor's+
66.9% → 64.4%
-2.5 pts
Median age
42.6 → 41.7
-0.9 yrs

Since 2023, the typical rent in ZIP 72223 in Little Rock, AR has climbed from $1,174 to $1,214, a 3.4% change over five years. Census figures show median household income at $101,062 today, compared with $97,530 five years earlier. The population has grown by 4.7% since 2021, moving from about 25,765 residents to roughly 26,986. College-educated residents now make up 64.4% of adults here, versus 66.9% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

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Local insights

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About renting in ZIP 72223

Last updated: October 17, 2026

ZIP code 72223 covers Little Rock, AR. The median rent here is $1,214/mo as of October 2026. A 1-bedroom rents for a median of $1,220/mo. A 2-bedroom rents for a median of $1,410/mo.

At 14% of local median household income ($101,062/yr), ZIP 72223 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 72223?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (about $24/hour full-time) to afford the median rent of $1,214/mo in ZIP 72223. The local median household income is $101,062/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 72223?

Rent in ZIP 72223 has risen 1.1% over the past year as of September 2026. It sits 1.9% below its high of $1,238 in July 2024.

How does ZIP 72223 compare to other ZIPs in Arkansas?

ZIP 72223 is in the middle among Arkansas ZIP codes for rent, ranking #35 of 61 at $1,214/mo. Over the year to September 2026, rent in ZIP 72223 changed +1.1%, against a typical +2.4% across the 44 Arkansas ZIP codes Zillow tracks.

How does ZIP 72223 compare to the rest of Little Rock?

At $1,214/mo, ZIP 72223 is $30 above the Little Rock citywide median of $1,184/mo. It is the 6th cheapest of 10 ZIP codes in Little Rock.
Income Affordability
14%
VERY AFFORDABLE

At $1,214/mo, rent takes ~14% of ZIP 72223's median household income ($101,062/yr). The standard benchmark is 30%.

ZIP 72223 14%Benchmark 30%
State income tax3.9%
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Schools nearby

Public schools near ZIP 72223 (Little Rock, AR)

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