Cheap Apartments for Rent in Conway, AR from $500 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in Conway.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 1530 Davis St

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1530 Davis St

ConwayAR72032

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Plaza Pointe Apartments
1 to 2 Bedroom Apartments

Plaza Pointe Apartments

2400 Market Plaza DrConway, AR 72032
  • Utilities Included
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JLofts Downtown
Studio to 2 Bedroom Apartments

JLofts Downtown

1050 Spencer StConway, AR 72032
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Park Ridge at Conway
1 to 2 Bedroom Apartments

Park Ridge at Conway

1960 Rich Smith LnConway, AR 72032
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Stonegate
3 Bedroom Apartments

Stonegate

1410 Robins StConway, AR 72034

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-47, Page 1 of 1

Conway, AR Local Guide

Cheapest Neighborhoods for Apartments in Conway, AR

Pricing Updated: 02/24/2026

Current apartment rentals in the Conway, AR area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Conway Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Conway$1,305$655126

Cheapest Available Conway Apartments for Rent

 

The cheapest available apartment rental in Conway, AR is a 1 Bed unit found at Falcon Crest in the Outlying West neighborhood priced from $650. Germantown in the Conway neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $655. Here is today’s list of the most affordable Conway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Falcon Crest1/1 with stove1BR,1BA$650
GermantownStandard1BR,1BA$655
Fox RunStandard1BR,1BA$655
Salem ParkStandard1BR,1BA$655
WestlakeStandard1BR,1BA$705
Centennial Valley I/IIClassic - Phase II1BR,1BA$715
The Links at Cadron ValleyClassic Deluxe II1BR,1BA$775
Brentwood Apartments1x1 Traditional1BR,1BA$775
The Fairways at Nutters ChapelClassic Deluxe II1BR,1BA$780
The Greens at Nutters ChapelClassic Deluxe II1BR,1BA$780

Best Value Apartments for Rent in Conway, AR

As of February 24, 2026 the best value apartment in the Conway area is the $0.93 price per square foot C1TH Model at German Oaks Townhomes in the in the Conway neighborhood starting from $1,290. The second greatest value Conway apartment is the Garden Homes Model at Windsor Park starting at $1,195 with a $1.09 price per square foot in the Conway neighborhood. Here is today’s list of the best values for Conway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
German Oaks TownhomesC1TH2BR,2BA$0.93
Windsor ParkGarden Homes2BR,2BA$1.09
The Pointe at ConwayTwo Bedroom (ground floor)2BR,2BA$1.15
University Park Apartments2 Bedroom, 2 Bath2BR,2BA$0.93
Woodland OaksThe Chestnut2BR,1BA$1.04
The Ridge at MeadowlakeB12BR,1BA$0.96
Glenrock Apartments2 BR2BR,2BA$1.14
12 Hundred Place1 Bed 1 Bath1BR,1BA$1.23
The VillageThe Ozark1BR,1BA$1.07
Rock Creek Conway1 Bedroom1BR,1BA$1.19

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Conway, AR

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Conway, AR Rentals by Map

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See the most popular apartments and homes in Conway, AR

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Frequently Asked Questions about Cheap Conway Apartments

What is the price of a cheap apartment in Conway?

The cheapest apartment in Conway is Falcon Crest which is listed at $650, while the average apartment in Conway costs $1,305.

What types of apartments are the cheapest in Conway?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 46 regular apartments in Conway that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Conway?

Cheap apartments in Conway have an average cost of $503 which is $802 cheaper than the average rent for all rentals in Conway.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.