The average rent for a 1-bedroom apartment in Little Rock ranges from $950 to $1,050, with a median price around $1,000.

While these figures are among the highest in Arkansas, they still remain relatively affordable on a national scale.

The rent difference between downtown Little Rock and West Little Rock has been widening over time. According to data, new units near downtown or the River Market are priced between $1,200 and $1,350, while West Little Rock and the Maumelle area range from $850 to $950. This gap was not as significant in the past, but it has been observed to widen due to recent redevelopment in downtown.

Studios are priced between $750 and $850, while 2-bedroom apartments range from $1,150 to $1,300. From my long-term observation of this market, it is impressive that the rental structure in this city has not changed significantly over the past decade.

The trend over the past year shows a gradual increase, with annual growth rates of about 2% to 3%, which is among the most stable increases Little Rock has experienced through various market cycles. Compared to the volatility of the mid-2000s, when there were sharp rises and falls, the market now appears to be very predictable.

Compared to nearby cities, Little Rock has lower rents than Fayetteville or the Northwest Arkansas area, and is at a similar level to Memphis. From my long-term observation, Little Rock is one of the most balanced cities in the South in terms of rent burden relative to the cost of living.

There is not a large concentration of Korean residents in Little Rock, but there has been a Korean market and church centered in West Little Rock for a long time. The rent for a 1-bedroom in this area is around $900 to $950, which is similar to or slightly below the overall average.

For Korean households, West Little Rock appears to be a well-established settlement over the years. The school district is stable, and the Korean community infrastructure has been consistently maintained. The stability of West Little Rock is more advantageous for long-term residency than the convenience of new developments downtown, based on various observed cases. The reference point is the market price in the first half of 2026.