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Manila, AR Home for Rent

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    $1,400 Per Month

    • 3 Beds
    • 1 Bath
    • 1,100 Sq Ft
    • House for Rent

    1057 B E Olympia St, Manila, AR 72442

    Newly renovated, 3 bedrooms and 1 bath.

    1057 B E Olympia St, Manila, AR 72442

Why Live in Manila

Manila, located in the Arkansas Delta region, is a small town with a rich history and a strong agricultural and steel industry presence. Originally known as Big Lake Island, the town was renamed to honor the Battle of Manila Bay. The local economy is bolstered by agriculture and steel mills, including the nearby U.S. Steel and Nucor Yamato Steel facilities. Housing in Manila includes brick ranch styles, cottages, bungalows, and New Traditional houses in subdivisions like Teal Pointe and Manila Country Club Estates. The town offers recreational features such as Manila City Park with its playground, baseball diamonds, and tennis court, and the seasonal Duncan Wall Water Park. The Herman Davis Memorial State Park, the smallest state park in Arkansas, honors a World War I veteran. Big Lake National Wildlife Refuge, about 9 miles away, is popular for fishing and duck hunting. Manila's public schools, including Justin Veach Elementary and Manila High, share a campus and are highly rated. Local amenities include discount retailers, Farmer's Market Grocery with Pizza Pro Deli, and dining options like La Cascada Mexican Restaurant and Tacker's Shake Shack. Community events such as the Lions Club Chili Cook-Off and the fire department's Barbecue Festival foster a close-knit atmosphere. While the area is car-dependent, North East Arkansas Transit provides scheduled rides, and the Jonesboro Municipal Airport, 35 miles away, offers flights to Nashville and St. Louis. Monthly siren tests help prepare residents for severe weather events.

Frequently Asked Questions

How much does it cost to rent a home in Manila, AR?
The median rent for a home in Manila, AR is $1,400 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Manila, AR?
To comfortably afford the median rent in Manila, AR, a household needs to earn roughly $56,000 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 $1,400 per month in Manila, AR, renters typically need to show $4,200 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 Manila, AR?
In Manila, AR, the price-to-rent ratio is 14.1, 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 Manila, AR

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,400
Median Single Family Home Rent
$1,400
How to Rent a Home