States › Arkansas › Morrilton

Is Morrilton, AR expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$81154% lower than U.S. average
💵 Families earn per year (2026)$51,306about $4,276/month · 41% lower than U.S. average
🔑 House price$160,90052% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $32,440 a year. That is $16 an hour at a full-time job.

Is rent cheaper than other Arkansas cities?

Yes. Rent here is cheaper than in most of Arkansas. It is number 16 of 71 cities from cheapest to most expensive.

Morrilton
$811
Heber Springs
$891
East End
$1,127
Trumann
$1,164
Osceola
$890
Pocahontas
$808
Ward
$921

How much do households earn in Morrilton?

Under $25k
25.4%
$25k–50k
24.0%
$50k–100k
29.4%
$100k–150k
6.2%
$150k+
2.6%

Share of households by yearly income. 8.8% of households earn $100,000 or more.

Rent by apartment size in Morrilton

SizeMorriltonU.S. average
Studio$340$1,338
1 bedroom$535$1,324
2 bedrooms$661$1,509
3 bedrooms$981$1,698
4 bedrooms$1,435$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Morrilton overall?

Everyday prices in Arkansas overall are 13% below the U.S. average (index 86.9, U.S. = 100).

Housing
58
Goods (food, clothes…)
94
Utilities
75
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Morrilton, so the Arkansas figure is shown.

Taxes and bills in Morrilton

🏛️ Property tax$973a year · 0.60% of home value · U.S. $3,119
⚡ Electric bill$165a month (typical) · U.S. $156

Life in Morrilton

Commute to work22 minU.S.: 26.4 min
College degree19.3%U.S.: 35.7%
Own their home58.4%U.S.: 65.2%
Below poverty line25.5%U.S.: 12.5%
Unemployment10.3%U.S.: 5.2%

Is it cheaper to rent or buy in Morrilton?

Renting is cheaper right now: about $305 a month less.

Renting
$811
Owning
$1,116

Owning assumes a typical $160,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,090 for the down payment.

Frequently asked questions

What is the average rent in Morrilton, AR?

Renting in Morrilton costs a median of about $811 a month in 2026, including utilities. The Arkansas median is $1,068.

How much do I need to make to live in Morrilton?

To keep rent under 30% of income, you need about $32,440 a year, or $16 an hour at a full-time job.

Is Morrilton cheap or expensive?

Morrilton is rated Cheap: rent takes 19.0% of the typical household income of $51,306. It ranks 16th cheapest of 71 Arkansas cities we track.

How much are property taxes in Morrilton?

The median homeowner in Morrilton pays $973 a year in property taxes, about 0.60% of the median home value.

Is Morrilton more expensive than the national average?

Overall prices in Arkansas are 13% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Morrilton?

The median home value in Morrilton is $160,900, about 3.1 times the typical yearly household income.

7,080 people live in Morrilton. Numbers are typical (middle) values.