The Hamilton
200 Modern Ave,
Hot Springs national Park, AR 71913
Studio - 3 Beds | $1,039 - $2,631
Rental Market Trends in Hot Springs, AR
Updated July 2026
The average rent in Hot Springs, AR is $835/month.
Rent in Hot Springs is 50% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$835/month
Average Rent
631 Sq Ft
Average Size
+5%
Change / Year
200
Available Apartments
Hot Springs rent varies by unit size and layout:
- Studio apartments in Hot Springs average $667 per month.
- One-bedroom apartments in Hot Springs average $835 per month.
- Two-bedroom apartments in Hot Springs average $922 per month.
- Three-bedroom apartments in Hot Springs average $1,229 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Hot Springs, AR?
In the past year, rent has increased by 5%, which averages out to $43 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Hot Springs, AR
July 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
34%
Below $700/month
47%
$700 - $1,000/month
19%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Hot Springs, AR?
Because the average rent in Hot Springs is $835, you’ll want to make about $2,783 per month or $33,396 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.
Cost of Living
The cost of living in Hot Springs, AR is 7.4% lower than the national average. Generally, housing in Hot Springs is 20.5% less expensive than the national average, with rent falling between $667 - $1,229. You can expect to pay 7.9% less for groceries, 6.6% less for utilities, and 4.4% less for transportation.
How does Hot Springs, AR compare to other nearby cities and neighborhoods?
Use the tool below to compare Hot Springs, 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.
View the Hot Springs Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Hot Springs?
The average rent in Hot Springs is $835 per month, which is 49.8% lower than the national average of $1,663.
What is the average rent for a house in Hot Springs?
The average rent for a house in Hot Springs, AR is $1,706 per month.
What is the average rent for a townhome in Hot Springs?
The average rent for a townhome in Hot Springs, AR is $1,628 per month.
Are rents going up or down in Hot Springs?
Rents in Hot Springs, AR are increasing, with prices up 5.0% year-over-year and $43 more per month.
What rent range is most common in Hot Springs?
In Hot Springs, AR, 47% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.