Arkansas is filled with natural beauty perfect for outdoor enthusiasts, from the Ozark Mountains to Hot Springs National Park. And in the charming small town and vibrant city centre, there are plenty of reasons to consider calling Arkansas home. If you are discussing a move to Arkansas, or are hoping to move to a new city, there is also a budget you would probably want to stay when you are looking for a place to live. When it comes to buying a home in Arkansas, the median home sales are $253,200.
Don’t worry if that price doesn’t fit in your budget. We have options that will help you find a home or apartment to do so. Redfin has collected seven of the most affordable locations in Arkansas. And the best part is that they all have a median home selling price of less than $253,200. From Little Rock to Jonesboro, jump in and see the cities on your list.
#1: Pine Bluff
Median home price: $51,900
Average selling price per square foot: $53
Average rent for a 1-bedroom apartment: $558
Median household income: $39,411
Nearest Major Metro: Little Rock (45 miles)
Pine Bluff, Arkansas Home Sale
AR Apartments Rental Pine Bluff
Pine Bluff takes the first place on our list of affordable locations to live in Arkansas. This charming city is located in the heart of Arkansas and houses around 39,100 people. The median home selling price is $51,900, which is $2 million less than the state average. If you’re looking for things to do in Pine Bluff, you can visit the Arkansas Railroad Museum, stop by the AGFC Delta Rivers Nature Centre in the vast Pine Bluff Freejonale Park, or check out the town’s local shops and restaurants.
#2: North Little Rock
Median home price: $210,000
Average selling price per square foot: $115
Average rent for a 1-bedroom apartment: $1,219
Median household income: $45,590
Nearest Major Metro: Little Rock (3 miles)
North Little Rock, Arkansas home sale
AR Apartments Rental North Little Rock
The median home sale price is $210,000, and North Little Rock is taking the second spot on its list of affordable locations in Arkansas. The city is home to about 64,600 people, and is about three miles north of Little Rock, the nearest metropolitan area. If you are considering moving to this area, make sure you spend the day outside at Burns Park or Emerald Park. Explore Park Hill’s historic centre and stop by an old factory. You can also take a walk along the river and visit the Arkansas Inland Maritime Museum.
#3: Jonesboro
Median home price: $212,300
Average selling price per square foot: $132
Average rent for a 1-bedroom apartment: $980
Median household income: $48,901
Nearest Major Metro: Memphis, Tennessee (70 miles)
Jonesboro, Arkansas home sale
AR Apartment Rental Jonesboro
The third is Jonesboro, currently home to around 78,600 residents. The median home selling price is $212,300, which is about $35,000 less than the median home selling price in Arkansas. If you’re planning on moving to this affordable location, explore Arkansas State University campus, check out downtown Jonesboro and spend the day camping, hiking or fish-friendly Craighead Forest Lake.
#4: Hot Springs
Median home price: $212,500
Average selling price per square foot: $124
Average rent for a 1-bedroom apartment: $2,115
Median household income: $46,537
Nearest Major Metro: Little Rock (55 miles)
Hot Springs, Arkansas Home Sale
AR Apartments Rental Hot Springs
It is home to about 37,900 residents in the affordable Hot Springs city. Located in the Uachita Mountains, Hot Springs is a popular destination for exploring the mountains and the iconic Hot Springs National Park. Hot Springs has plenty to do, whether you’re hiking the West Mountain Trail, visiting the Fordieth Bathhouse Visitor Centre and Museum, and checking out the town’s local distilleries, cafes and shops.
#5: Fort Smith
Median home price: $220,000
Average selling price per square foot: $129
Average rent for a 1-bedroom apartment: $725
Median household income: $48,033
Nearest Major Metro: Tulsa, OK (120 miles)
Fort Smith, Arkansas home sale
AR Apartments Rental Fort Smith
The fifth spot on the list of affordable cities in Arkansas is Fort Smith. If you live in the city of 89,200, visit parks such as Benguellen Regional Park and Fort Smith Park, or visit historical sites and museums such as the Fort Smith National Historical Site, Fort Smith Museum of History, and Clayton House.
#6: Benton
Median home price: $226,250
Average selling price per square foot: $147
Average rent for a 1-bedroom apartment: $760
Median household income: $66,868
Nearest Major Metro: Little Rock (25 miles)
Benton, Arkansas home sale
Apartments for Benton, AR Apartments
The sixth city to create a list of the most affordable locations in Arkansas is Benton. Located southwest of Little Rock, Benton has around 37,500 residents, so if you’re looking for a small city, it’s a great option. Visit green spaces such as Tyndal Park and Bernard Holland Park and discover the charming downtown in Benton. Check out golf on one of the many courses in town.
#7: Little Rock
Median home price: $235,000
Average selling price per square foot: $139
Average rent for a 1-bedroom apartment: $963
Median household income: $48,033
Little Rock, Arkansas home sale
AR Apartments Rental Little Rock
Another great area to add to the list is Little Rock. With 202,600 residents, this affordable town is a great option to add to your list. In Little Rock, you can visit Little Rock Zoo, check out Riverfront parks such as Murray Park and Revsamen Park, and stop by the Arkansas State Capitol buildings. Little Rock has countless museums, including the historic Arkansas Museum, the Arkansas Museum, the William J. Clinton Library and Museum, and the Discovery Museum.
>>Read: Popular Little Rock, Arkansas, Neighborhood
Methodology: Every city must have more than 35,000 residents per US census and have a median home selling price under the average median home selling price in Arkansas. Median home sales prices and median sales prices per square foot from Redfin Data Center in April 2025. Average rental data from April 2025. Median household income data from the population and US Census Bureau.
