RentData

Average Rent in Drew County, AR Rents rising 4.8% YoY🔺 9th priciest in AR

HUD FY2025 · Official government data · Updated annually · Metro pop. 17,143

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Drew County, AR has rental prices ranging from $675/month to $1,228/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $706/month — 50% below the national average of $1,400/month. With a median household income of $41,071/year, spending $706/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Drew County Compares

With an average 2-bedroom rent of $926/month, Drew County ranks #9 most expensive of the 67 cities tracked in Arkansas — more affordable than 64% of all US cities in our data.

The Drew County Rental Market

The Drew County, AR area has a population of about 17,143 and 36% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Drew County, AR have risen by $42/month (4.8%) over the past year, from $884 to $926. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Drew County, AR without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $28,240. The local median household income of $41,071 exceeds that threshold by $12,831, making Drew County relatively accessible compared to local wages.

Economy & Jobs

Drew County, AR has an unemployment rate of 5.0%, 1.1 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Fair Market Rents

HUD FY2025
Studio
$675
Affordable
1 Bedroom
$706
Affordable
2 Bedrooms
$926
4.8% YoY
Affordable
3 Bedrooms
$1,152
Average
4 Bedrooms
$1,228
Average
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Is Drew County, AR Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$37,040/year
Local median income: $41,071
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $926/month and 20% down on a home at 7% rate.

Nearby Cities in ARlargest metros in the state

CityStudio1BR2BR3BRHome Value
Memphis$1,105$1,207$1,355$1,781
Little Rock$887$892$1,032$1,376
Fayetteville$853$925$1,111$1,557
Franklin County$642$646$848$1,060
Fort Smith$689$694$910$1,236
Texarkana$848$853$1,071$1,327

Rent or Buy in Drew County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Drew County data

$
Home Value
$350,000
2BR Rent
$926/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏢 Rent

Renting appears to be the better financial choice for this scenario.

Total monthly buy cost: $2,577/movs rent: $926/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Drew County

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Frequently Asked Questions

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🏘️Neighborhoods in Drew County

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💵Rent Affordability in Drew County

Salary needed to afford rent here

🗺️All Cities in AR

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⚖️Compare Drew County

Side-by-side rent & cost of living with any city

📋AR Tenant Rights

Deposit limits, eviction laws & renters protections