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RentData.org Logo Hot Springs Fair Market Rent FY 2023 Hot Springs, AR MSA Rental Data

Fair Market Rent Prices in Hot Springs, AR :
$646 $673 $879 $1,088 $1,424
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Hot Springs are average compared to the national average. This FMR area is more expensive than 61% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Hot Springs is $879 per month.

The previous year, rent for a two-bedroom home was $807 per month. This is a 8.92% increase year-over-year.

This FMR rate applies to Bonnerdale, AR, Lonsdale, AR, Jessieville, AR, Mountain Pine, AR, Pearcy, AR, Royal, AR, Lavaca, AR, Hot Springs Village, AR, Malvern, AR, Hot Springs National Park, AR and other cities within the region. The Metro Code or CBSA code for this region is METRO26300M26300.

Additionally, This Fair Market Rent (FMR) area Hot Springs, AR MSA spans one county or city in Arkansas which is listed in the table below. Estimated population of Hot Springs, AR MSA FMR area is 99,043 people based on latest Census data.

Compared to the rest of Arkansas, the Hot Springs FMR area is more expensive than 93% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Hot Springs. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Hot Springs

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 683
1-BR 1-Bedroom $ 711
2-BR 2-Bedroom $ 929
3-BR 3-Bedroom $ 1150
4-BR 4-Bedroom $ 1505
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Hot Springs, AR MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Little Rock - Pine Bluff and Ft. Smith - Fay - Sprngdl - Rgrs.

County / Region Est. Population
Hot Springs, AR Metro 99,043
Zip Codes in Hot Springs, AR MSA

There are 15 unique zip codes in this Fair Market Rent (FMR) area:

71901, 71902, 71903, 71909, 71910, 71913, 71914, 71933, 71949, 71956, 71964, 71968, 72087, 72104 and 72941

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What's Next?

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