$2,850 Per Month
- 3 Beds
- 2 Baths
- 2,707 Sq Ft
- House for Rent
1450 N Ulmer St, Greenwood, AR 72936
1450 N Ulmer St, Greenwood, AR 72936
Frequently Asked Questions
How much does it cost to rent a home in Greenwood, AR?
The median rent for a home in Greenwood, AR is $1,250 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Greenwood, AR?
To comfortably afford the median rent in Greenwood, AR, a household needs to earn roughly $50,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,250 per month in Greenwood, AR, renters typically need to show $3,750 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Greenwood, AR?
In Greenwood, AR, the price-to-rent ratio is 14.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Greenwood, AR are best for renting a home?
The best neighborhood for renting in Greenwood, AR depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Fianna Hills, South Fort Smith and Cavanaugh, each with its own character and price range.
