Multifamily Rent Increases Normalize Across Arkansas Markets

Multifamily rents across Arkansas are not shooting up as fast as they were over the past year, like many parts of the country. Through the end of November, apartment rents across Northwest Arkansas and Little Rock increased by an average of 2.5%. Apartments in the state have so far not experienced the supply-side pressure found in other major fast-growing areas in the Sun Belt, providing some stability in rent growth performances. Despite their broader similarities, each market in the state is unique with its own drivers that influence changes in supply and demand.