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Studio Apartments for Rent in Hot Springs, AR

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    Starting at $815 Per Month

    • Studio - 2 Beds

    605 Higdon Ferry Rd, Hot Springs, AR 71913

    UNDER NEW MANAGEMENT! LOCATION, LOCATION, LOCATION!!!! Higdon Ferry Apartments is located **directly** across the street from the Oaklawn Racing Casino Resort, at 605 Higdon Ferry Rd. in Hot Springs, Arkansas. Also nearby St. Vincent Hospital and multiple shopping centers. UNDER NEW MANAGEMENT Spring '24 with 5 star reviews flooding in. Newly renovated, modern 1 to 2 bedroom units designed for

    Higdon Ferry Apartments

    (501) 359-6889

    605 Higdon Ferry Rd, Hot Springs, AR 71913
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    $1,125 Per Month

    • Studio
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    516 Hawthorne St Unit 1, Hot Springs, AR 71901

    Property Id: 1622551FURNISHED/MULTI-MONTH RENTAL. 2-month minimum up to one year. Renovated studio. Very nicely furnished. Feels like in nature. Situated at base of National Park, West Mtn., just a block off of Prospect St. in the historic neighborhood. 10-15 minute walk to downtown, yet very quiet, little traffic. Secure. On site parking w/ great lighting. Simple but very comfortable.

    (501) 651-0626

    516 Hawthorne St Unit 1, Hot Springs, AR 71901

Why Live in Hot Springs

Hot Springs, Arkansas, known as "The Spa City," is steeped in history and natural beauty, drawing nearly 2.16 million visitors annually to its renowned Hot Springs National Park. This city of approximately 38,000 residents is famous for its 47 natural hot springs and historical significance as a neutral ground for Native American tribes and later, notorious figures like Al Capone. The city offers a mix of historic Victorian and Colonial Revival homes downtown, while waterfront condos and ranch-style houses are more common near Lake Hamilton. Hot Springs is home to several attractions, including the Oaklawn Racing Casino Resort, which hosts the Arkansas Derby, and Magic Springs Theme and Water Park, featuring rollercoasters and summer concerts. Bathhouse Row, with its historic bathhouses, provides a unique relaxation experience. The Lakeside School District and the Arkansas School for Mathematics, Sciences, and the Arts are highly rated educational institutions. The city is well-connected with Intracity Transit buses and is about 55 miles from Little Rock. Dining options include innovative takes on barbecue and classic American dishes, with a variety of retail boutiques and a year-round farmers market enhancing the local shopping scene. The climate features long, humid summers and the potential for spring tornadoes.

Frequently Asked Questions

How much does it cost to rent a home in Hot Springs, AR?
The median rent for a home in Hot Springs, AR is $1,225 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Hot Springs, AR?
To comfortably afford the median rent in Hot Springs, AR, a household needs to earn roughly $49,000 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 $1,225 per month in Hot Springs, AR, renters typically need to show $3,675 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 Hot Springs, AR?
In Hot Springs, AR, the price-to-rent ratio is 20.3, 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.

Rental Home Trends in Hot Springs, AR

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,225
Median Single Family Home Rent
$1,273
Median Townhouse Rent
$1,300
Median Condo Rent
$1,212
How to Rent a Home