RentData

Average Rent in Texarkana, AR Rents rising 9.1% YoY🔺 3rd priciest in AR

HUD FY2025 · Official government data · Updated annually · Metro pop. 146,868

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Texarkana, AR has rental prices ranging from $848/month to $1,677/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $853/month — 39% below the national average of $1,400/month. With a median household income of $55,046/year, spending $853/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Texarkana Compares

With an average 2-bedroom rent of $1,071/month, Texarkana ranks #3 most expensive of the 67 cities tracked in Arkansas — pricier than 72% of all US cities in our data.

The Texarkana Rental Market

The Texarkana, AR area has a population of about 146,868 and 35% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Texarkana, AR have risen by $89/month (9.1%) over the past year, from $982 to $1,071. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Texarkana, AR without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $34,120. The local median household income of $55,046 exceeds that threshold by $20,926, making Texarkana relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Texarkana, AR is $169,100, giving a price-to-rent ratio of 13.2. The break-even point between renting and buying is roughly 13 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Fair Market Rents

HUD FY2025
Studio
$848
Affordable
1 Bedroom
$853
Affordable
2 Bedrooms
$1,071
9.1% YoY
Affordable
3 Bedrooms
$1,327
Affordable
4 Bedrooms
$1,677
Average
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Median Home Value
$169,100
Source: Zillow ZHVI
Est. monthly payment
$900/mo
20% down · 30yr · 7%

Is Texarkana, 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
$42,840/year
Local median income: $55,046
To buy a median home
$36,001/year
US national median: $75,000
💡 Based on a 2BR rent of $1,071/month and 20% down on a $169,100 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
Jonesboro$697$812$973$1,304

Rent or Buy in Texarkana?

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

Should I Rent or Buy?

Break-even analysis using real Texarkana data

$
Home Value
$169,100
2BR Rent
$1,071/mo
Mortgage Rate
7%
Monthly P&I
$900/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $1,245/movs rent: $1,071/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $169,100 home at 7% rate

20% — $33,820
3%50%
Estimated Monthly Payment
$900
per month · 30 years · 7% APR
Loan Amount
$135,280
Total Paid
$324,008
Total Interest
$188,728
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Texarkana

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Texarkana

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Texarkana

Is it cheaper to rent or buy here?

💵Rent Affordability in Texarkana

Salary needed to afford rent here

🗺️All Cities in AR

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⚖️Compare Texarkana

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📋AR Tenant Rights

Deposit limits, eviction laws & renters protections