Fort Smith apartments for rent saw slight price decreases since last October

Zumper's latest data shows that Fort Smith's apartment rental prices have slightly decreased, with a median of $895 in October, down from $919 last year. One-bedroom apartments held steady at $650, while two-bedroom units rose to $875 from $850 in September, reflecting a year-over-year increase from $842. The rental market in Fort Smith is characterized by a lack of subsidized housing, as none of the 390 listings are subsidized. In comparison, Arkansas's statewide rental prices are lower than September's median of $1,338, with one-bedroom rentals averaging $895 and two-bedrooms at $1,029. Fort Smith's typical apartment rent is 31% below the state median, highlighting a significant affordability gap.

Nationally, apartment rental prices remain stable at about $1,900, with Fort Smith rentals being 53% lower than the national average. This data is crucial for potential renters looking for affordable housing options in the area. Russell Middleton, co-founder of Zumper, emphasizes the importance of this analysis for understanding local rental trends.