True Cost of Renting in Jonesboro, AR
Jonesboro is the regional hub of Northeast Arkansas — home to Arkansas State University (14,000 students), St. Bernards Healthcare, and a diverse manufacturing base including Unilever, Hytrol Conveyor, and other industrial employers. Located on the edge of the Mississippi Delta flatlands, it serves as the commercial center for an agricultural region.
Neighborhoods & Average Rents
Downtown Jonesboro / Main Street
- Studio:
- $800/mo
- 1 Bed:
- $950/mo
- 2 Bed:
- $1,300/mo
Revitalized downtown with walkable restaurants and arts venues; loft apartments in older buildings. Entergy Arkansas electric. Most walkable area in Jonesboro. ASU adjacent with bus access.
ASU Campus Area
- Studio:
- $750/mo
- 1 Bed:
- $900/mo
- 2 Bed:
- $1,200/mo
Student neighborhood; older apartments and house rentals at lower rents. August synchronized leases. Walking distance to Aggie football stadium. Lower rents reflect older housing stock.
West Jonesboro / Caraway Road
- 1 Bed:
- $1,000/mo
- 2 Bed:
- $1,400/mo
Suburban growth corridor west of downtown; newer apartment communities with amenities. Car-dependent. Good US-49 access. Closer to manufacturing employment corridor.
Utility Providers
- Electric
- Entergy Arkansas / City of Jonesboro Water & Light
- Water
- City of Jonesboro Water & Light
- Internet
- Comcast Xfinity, AT&T Internet, Brightspeed
Commute & Transportation
US-63 connects Jonesboro to Batesville (50 miles south) and I-55/Memphis (80 miles east). US-49 runs north-south. I-555 provides limited expressway access to I-40. ASU employs 2,000 non-student staff. St. Bernards Healthcare is the largest non-university employer. Memphis is the nearest major metro. Jonesboro Municipal Airport handles small charter aircraft.
Rental Market Overview
Jonesboro is one of Arkansas's most affordable rental markets — median 1BR runs $850–1,000/month. City of Jonesboro Water & Light provides competitive utility rates. ASU creates August-synchronized student demand. The manufacturing base (Unilever, Hytrol, and agricultural processing) creates stable blue-collar employment. Medical professionals at St. Bernards find Jonesboro's affordability compelling relative to larger metro alternatives.
Data last updated: 2026-04
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