Cheap Apartments for Rent in Conway, AR from $500 (49 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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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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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

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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Park Ridge at Conway
1 to 2 Bedroom Apartments

Park Ridge at Conway

1960 Rich Smith LnConway, AR 72032
  • Utilities Included
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Stonegate
3 Bedroom Apartments

Stonegate

1410 Robins StConway, AR 72034
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Woodland Oaks
2 to 3 Bedroom Apartments

Woodland Oaks

1620 Middle RdConway, AR 72032

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 9 Ridge Ln

$595

2 Bedroom Rentals

Available Now

9 Ridge Ln

MayflowerAR72106
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Conway, AR Local Guide

Cheapest Neighborhoods for Apartments in Conway, AR

Pricing Updated: 07/09/2026

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$1,299$630107

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. Fox Run 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
Fox RunStandard1BR,1BA$655
Salem ParkStandard1BR,1BA$655
GermantownStandard1BR,1BA$655
WestlakeStandard1BR,1BA$705
Centennial Valley I/IIClassic - Phase II1BR,1BA$715
The Links at Cadron ValleyClassic Deluxe II1BR,1BA$775
The Ridge at MeadowlakeA21BR,1BA$780
The Fairways at Nutters ChapelClassic Deluxe II1BR,1BA$780
High Point Park Apartments1 BR standard1BR,1BA$800

Best Value Apartments for Rent in Conway, AR

As of July 10, 2026 the best value apartment in the Conway area is the $0.90 price per square foot D1TH Model at German Oaks Townhomes in the in the Conway neighborhood starting from $1,399. The second greatest value Conway apartment is the Two Bedroom (ground floor) Model at The Pointe at Conway starting at $1,205 with a $1.15 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 TownhomesD1TH3BR,2.5BA$0.90
The Pointe at ConwayTwo Bedroom (ground floor)2BR,2BA$1.15
University Park Apartments2 Bedroom, 2 Bath2BR,2BA$0.95
Edge at Conway2X22BR,2BA$0.72
Rock Creek Conway2 Bedroom2BR,2BA$1.05
Woodland OaksThe Chestnut2BR,1BA$1.03
The Greens at Nutters ChapelClassic Deluxe II2BR,1BA$1.02
Glenrock Apartments2 BR2BR,2BA$1.14
The VillageThe Ozark1BR,1BA$1.07
The Ridge at MeadowlakeA21BR,1BA$1.06

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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!

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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 $1,299.

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 17 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 $226 which is $1,073 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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.