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Rental Market Trends in Hope, AR

What is the average rent in Hope, AR?

$754/month

Average Rent

520 Sq Ft

Average Apartment Size

+0.8%

Increase in the Last Year

As of July 2025, the average rent in Hope, AR is $754 per month. This is 54% lower than the national average rent of $1,637/month, making renting in Hope more affordable than most cities in the US. When you rent an apartment in Hope, you can expect to pay about $619 per month for a studio, $754 for a one-bedroom apartment, and around $635 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$619/month
30 Sq Ft
One Bedroom
$754/month
520 Sq Ft
Two Bedroom
$635/month
834 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Hope, AR?

In the past year, rent has increased by 0.8%, which averages out to $7 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Hope, AR
Last Updated July 2025
Below $701
Most rental prices fall within this range
Rent Ranges in Hope, AR
Percentage*
Rent Range
50% Below $700/month
25% $700 - $1,000/month
0% $1,001 - $1,500/month
25% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Hope, AR?

Because the average rent in Hope is $754, you’ll want to make about $2,513 per month or $30,156 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Hope, AR

17 Available Apartments for Rent

Search for Nearby Apartments

How does Hope, AR compare to other nearby cities and neighborhoods?

Use the tool below to compare Hope, AR to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Hope, AR

Apartment Averages

Apartment communities in Hope we think you'll love

The Dels  Hope

The Dels Hope

2000 Holiday Dr,
Hope, AR 71801

Studio - 1 Bed | $545 - $725

202 W 13th St

202 W 13th St

202 W 13th St,
Hope, AR 71801

1 Bed | $625

518 E 6th St S

518 E 6th St S

518 E 6th St S,
Prescott, AR 71857

3 Beds | $800

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United States Arkansas Hope Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity