Stephens is a city in southwest Ouachita County, Arkansas, United States.

As of the 2020 United States census, there were 770 people, 376 households, and 237 families residing in the city.

28.1% of all households were made up of individuals, and 19.4% had someone living alone who was 65 years of age or older.

The Arkansas Board of Education voted to dissolve the Stephens district in April 2014.

A portion in Ouachita County was assigned to Camden Fairview, affecting about 140 students.

According to Mike McNeill of the Magnolia Reporter, the expected outcome was that the Camden Fairview district would give the Stephens school property to the Stephens city government.