Average rent in North Little Rock

Average rent in North Little Rock,AR

In terms of the most important things for the average rent in North Little Rock, AR, it’s essential to note that the cost varies from year to year. According to recent reports, the average rent for a one-bedroom apartment in North Little Rock, AR, will be $900 per month in 2023. It is a significant increase compared to the average of $780 in 2019 and $820 in 2020. This new price increase may cause some concern for those residents who cannot afford to pay the extra cost. However, this increase can be attributed to rising living expenses, and apartment owners are adjusting their prices accordingly. As such, it’s essential for residents to plan and budget accordingly to accommodate the new changes.

Average rent in North Little Rock,AR for 1-bedroom

The average rent in North Little Rock, AR for a 1-bedroom apartment has seen a significant increase over the years. In 2020, the average rent was $780, which rose to $825 in 2021. Looking ahead to 2023, experts predict that the average rent in North Little Rock for 1-bedrooms will be around $900. Despite the steady increase in costs, renters can still find great deals on their own with careful research. In summary, while the average rent for 1-bedroom apartment in North Little Rock is rising, finding lower rates is still possible.

Average rent in North Little Rock,AR for 2-bedroom

In 2023, the average rent for a 2-bedroom apartment in North Little Rock, AR has significantly increased. According to recent data, the average rent has risen by almost 15% compared to the previous year. In fact, the increase is quite substantial as it has risen to $1,350 per month. This significant hike in rent could cause financial concerns for the residents of North Little Rock. Despite this, many are optimistic that with the development of new residential areas, the increase in rent will lead to better living standards for everyone.

Average rent in North Little Rock,AR for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in North Little Rock, AR has increased significantly compared to previous years. According to recent data, the average rental price for a 3-bedroom apartment has risen to $1,200 per month. This is a considerable increase from last year’s average rent of $1,050 per month. Additionally, the cost of living in North Little Rock has steadily increased over the past five years, with the average rent for a 3-bedroom apartment rising 25% higher than it was five years ago. Despite the rising rental prices, North Little Rock remains an affordable option for those seeking a comfortable family home in a safe and welcoming community.

Average rent in North Little Rock,AR for studio

In 2023, the average rent for a studio in North Little Rock, AR is projected to be $800. This represents a significant increase from the previous year’s average of $700. Moreover, over the past five years, the average rent for a studio in North Little Rock has steadily climbed, with the price in 2018 coming in at $550. Despite the rising costs, North Little Rock remains an attractive option for individuals seeking affordable living arrangements in the region. Additionally, the city boasts a thriving cultural scene, with numerous museums, parks, and recreational activities available to residents. Ultimately, while the cost of living may be increasing, North Little Rock remains a charming and vibrant community that offers many benefits to its residents.

Average rent in North Little Rock,AR for townhouse

Over the past few years, the average rent in North Little Rock, AR for townhouses has been steadily increasing. According to recent projections, by 2023 the average monthly rent is expected to reach $1,500, a significant jump from previous years.

In 2018, the average rent for a townhouse in North Little Rock was around $1,100 per month. However, over the next few years, there was a gradual increase in rent, with the average monthly cost reaching $1,300 in 2021. As we look ahead to 2023, renters can expect to see a further increase of $200 in monthly rent, which highlights an urgent need for affordable housing solutions.

Most expensive neighborhoods in North Little Rock,AR

North Little Rock, AR is home to several affluent neighborhoods that offer luxury living at a premium price. One of the most expensive neighborhoods in the area is Lakewood, which boasts stunning waterfront views and custom-designed homes. Another exclusive community is the Heights, known for its manicured lawns, tree-lined streets, and picturesque homes. Other pricey neighborhoods in North Little Rock include Park Hill, Indian Hills, and Chenal Valley, each offering their own unique brand of luxury living. These neighborhoods attract wealthy homeowners looking for spacious homes with top-of-the-line amenities and convenient access to local attractions.

Most affordable neighborhoods in North Little Rock,AR

North Little Rock,AR is a beautiful city with affordable living options. There are many neighborhoods in the city that offer affordable housing options for people looking to save money. Some of the most affordable neighborhoods in North Little Rock include Rose City, Levy, Lakewood, and Park Hill. These neighborhoods offer low-cost housing options with easy access to local amenities such as parks, restaurants, and shopping centers. If you are looking for an affordable place to live in North Little Rock, these neighborhoods are some of the best options available.

Most popular neighborhoods in North Little Rock,AR

North Little Rock, AR is home to many popular neighborhoods, each with its unique charm. One of the most sought-after neighborhoods is Lakewood, which boasts stunning views of the lake and access to various outdoor activities. Another popular area is Park Hill, which is a historic district known for its beautiful homes, tree-lined streets, and proximity to downtown. Other neighborhoods, such as Indian Hills and Stone Links, offer a range of amenities like golf courses and community pools. Ultimately, these neighborhoods attract buyers looking for a mix of convenience, comfort, and community in North Little Rock.

Comparison with other cities

Here are the comparisons of North Little Rock, AR’s average rent with other cities in the US:

1. Little Rock, AR – $879
2. Memphis, TN – $859
3. Nashville, TN – $1,391
4. Birmingham, AL – $919
5. Jackson, MS – $769
6. Dallas, TX – $1,248
7. Oklahoma City, OK – $861
8. Tulsa, OK – $724
9. New Orleans, LA – $1,210
10. Atlanta, GA – $1,469
11. Phoenix, AZ – $1,141
12. Denver, CO – $1,679
13. Portland, OR – $1,357
14. San Diego, CA – $2,027
15. Seattle, WA – $1,706

FAQ

Q: What is the average rent in North Little Rock, AR in 2023?
A: As of 2023, the average rent for an apartment in North Little Rock, AR is $955 per month.

Q: Is the rent price in North Little Rock, AR increasing or decreasing in 2023?
A: The rent price in North Little Rock, AR has increased by 4.5% since 2022 and it is expected to continue increasing in the coming years.

Q: What type of apartments are available for rent in North Little Rock, AR?
A: There are a variety of apartments available for rent in North Little Rock, AR including studio apartments, one, two, and three bedroom apartments, as well as townhomes and duplexes.

Q: Are there any affordable housing options in North Little Rock, AR?
A: Yes, there are affordable housing options available in North Little Rock, AR. Housing programs such as Low-Income Housing Tax Credit (LIHTC) and Housing Choice Voucher (HCV) provide affordable housing options for eligible low-income residents.

Q: What amenities and features do apartments in North Little Rock, AR typically offer?
A: Amenities and features offered by apartments in North Little Rock, AR can vary, but typically include in-unit laundry, swimming pools, fitness centers, pet-friendly policies, and ample parking options.

Q: Are there any neighborhoods in North Little Rock, AR that are more affordable than others?
A: Yes, there are neighborhoods in North Little Rock, AR that are more affordable than others. Some of the more affordable neighborhoods in North Little Rock include Levy, Park Hill, and Rose City.

Q: How do the rent prices in North Little Rock, AR compare to nearby cities?
A: Rent prices in North Little Rock, AR are generally more affordable than nearby cities such as Little Rock, Conway, and Maumelle. However, prices can vary depending on the specific neighborhood and apartment complex.

Sources

https://www.zumper.com/rent-research/north-little-rock-ar





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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