Arkansas is where nature's beauty and culture's richness come together in perfect harmony. Embark on a journey through history by visiting iconic cultural landmarks like the Central High Museum and Visitor Center and the Mosaic Templars Cultural Center. And for those seeking education, Arkansas boasts top-tier universities like the University of Arkansas and Arkansas State University. In addition, Arkansas has a strong economy focusing on technology, tourism, and natural resources.

It's a place that caters to both nature lovers and sports lovers. Take a scenic hike in the Ozark National Forest and the Ouachita Mountains, attend live sporting events at Razorback Stadium, or explore the beauty of Bull Shoals Lake. Also, pay attention to famous attractions like the Crystal Bridges Museum of American Art, the William J. Clinton Presidential Library, or the historic Hot Springs National Park.

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Rental Market Trends

Greenwood, AR

As of May 2025, Greenwood's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Greenwood's average rent is 7.9% ($94) higher than the Arkansas average of $1,187 and 28.6% ($512) lower than the U.S. average of $1,793.

Average Rent

$1,281

Monthly ChangeMonth Over Month Change

0.7% ($9)

Yearly ChangeYear Over Year Change

6.8% ($82)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$909	5.9% ($57)	0.5% ($5)
2 Beds	$1,009	10.2% ($114)	4.9% ($52)
3 Beds	$1,350	2.4% ($32)	1.2% ($16)

Nearby Cities	Average Rent	Avg. Rent vs. GreenwoodAverage Rent vs. Greenwood	Avg. Days on MarketAverage Days on Market
Barling	$979	23.6% ($302)	37 days
Lavaca	$756	41% ($525)	35 days
Fort Smith	$999	22% ($282)	37 days
Van Buren	$758	40.8% ($523)	34 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Greenwood Rental Market FAQs

Explore rental prices, market trends, and availability in Greenwood, AR.

What is the average rent in Greenwood, AR?

The average rent in Greenwood, AR is $1,281 per month.

What is the rental price range for apartments in Greenwood, AR?

Apartments in Greenwood typically rent for between $636 and $1,755 per month, with an average of $1,281 per month.

What is the average rent for different bedroom sizes in Greenwood, AR?

In Greenwood, the average rent for a 1-bedroom apartment is $909 per month, for a 2-bedroom apartment, $1,009 per month, and a 3-bedroom apartment is $1,350 per month.

How do rent prices in Greenwood, AR compare with the national average?

The average rent in Greenwood is 28.6% ($512) lower than the national average of $1,793 per month.

How have rent prices in Greenwood, AR changed recently?

The average rent in Greenwood has increased by 0.7% ($9) in the last month and increased by 6.8% ($82) over the past year.

How competitive is the rental market in Greenwood, AR?

The rental market in Greenwood, AR, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Greenwood, AR?

In Greenwood, AR, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Greenwood, AR?

There are currently 14 rental properties available in Greenwood, AR.

Can I afford to rent an apartment in Greenwood, AR?

Based on the current averages, a household would need an annual income of $40,360 to comfortably afford a 2-bedroom apartment in Greenwood.