Hot Springs, located in the Ouachita Mountains, is known for its natural beauty, hot springs, historic downtown, and several historic bathhouses offering various experiences. Hot Springs also has several higher learning institutions, such as the National Park Community College, ATU-Ozark Campus, and Ouachita Baptist University, and a growing arts and culture scene, with venues like the Hot Springs Convention Center, Malco Theatre, Mid-America Science Museum, and Gangster Museum of America.
Nature enthusiasts will love the Hot Springs National Park and nearby Ouachita National Forest and discover the many natural wonders of the city, including the Hot Springs Mountain Tower, the Garvan Woodland Gardens, and the Lake Catherine State Park. Enjoy horse racing at Oaklawn Racing Casino Resort and feast on various dining experiences, from classic Southern cuisine to international dishes. Hot Springs is the site of highly anticipated events such as the Hot Springs Documentary Film Festival, the Hot Springs Music Festival, and the World's Shortest St. Patrick's Day Parade, showcasing the city's unique culture and history.
Hot Springs is a fantastic place to call home, offering a unique blend of natural beauty, history, and culture, a welcoming community, and an affordable cost of living.
As of November 2026, Hot Springs's rental market is stable, with rentals spending about 30 days on the market, about the same as in Arkansas (31), and rents up 2.1% over the past year. Hot Springs's average rent is 8.4% ($113) higher than the Arkansas average of $1,345 and 28.4% ($578) lower than the U.S. average of $2,036.
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $901 | 0.14% ($1) | 1.2% ($11) |
| 2 Beds | $1,204 | 0.27% ($3) | 1.5% ($17) |
| 3 Beds | $1,889 | 0.49% ($9) | 3.2% ($58) |
| Nearby Cities | Average Rent | Avg. Rent vs. Hot SpringsAverage Rent vs. Hot Springs | Days on Market |
|---|---|---|---|
| Hot Springs Village | $1,672 | 14.7% ($214) | 30 days |
| Lonsdale | $1,559 | 6.9% ($101) | 30 days |
| Malvern | $1,069 | 26.7% ($389) | 31 days |
| Royal | $1,471 | 0.9% ($13) | 30 days |
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