FY2026 Fair Market Rents — Garland County
Studio
$829
1BR
$834
2BR
$1,090
3BR
$1,393
4BR
$1,670
Garland County, Arkansas
FIPS 05051 · County-level FMR and income limit data
FMR Area: Hot Springs, AR MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $829 | $9,948 |
| 1-Bedroom | $834 | $10,008 |
| 2-Bedroom | $1,090 | $13,080 |
| 3-Bedroom | $1,393 | $16,716 |
| 4-Bedroom | $1,670 | $20,040 |
To afford the FY2026 2-bedroom FMR of $1,090/mo under the 30%-of-income rule, a household needs about
$43,600/yr ($3,633/mo). Area Median Income is $81,600.
At AR's state minimum wage of $11.00/hr, a worker would need to work 77 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $829 | $834 | $1,090 | $1,393 | $1,670 |
| FY2025 | $799 | $805 | $1,037 | $1,311 | $1,627 |
| FY2024 | $767 | $775 | $1,007 | $1,249 | $1,616 |
| FY2023 | $646 | $673 | $879 | $1,088 | $1,424 |
| FY2022 | $589 | $613 | $807 | $1,006 | $1,352 |
| FY2021 | $569 | $606 | $799 | $1,005 | $1,302 |
| FY2020 | $554 | $586 | $772 | $971 | $1,202 |
FY2026 Income Limits
Area Median Income: $81,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,900 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $28,150 | $32,150 | $36,150 | $40,200 | $43,450 | $46,600 |
| 80% AMI | $45,000 | $51,450 | $57,900 | $64,300 | $69,450 | $74,600 |