Cheap Apartments for Rent in the Downtown Conway Neighborhood of Conway, AR from $500 (53 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Conway area of 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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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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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

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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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

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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Downtown Conway, Conway, AR Local Guide

Cheapest Available Downtown Conway Apartments for Rent

 

The cheapest available apartment rental in the Downtown Conway area of Conway, AR is a 1 Bed unit found at Fox Run priced from $655. Salem Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $655. Here are the most affordable Downtown Conway apartments for rent in Conway, AR:

Apartment ListingModel NameBed/BathPriced From
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 Fairways at Nutters ChapelClassic Deluxe II1BR,1BA$780
Donaghey Court Apartments1BD/1BA1BR,1BA$800
The VillageThe Ozark1BR,1BA$820
The Greens at Nutters ChapelCustom Deluxe III1BR,1BA$835

Best Value Apartments for Rent in Downtown Conway, AR

As of April 12, 2026 the best value apartment in the Downtown 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 Downtown 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 Downtown Conway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
German Oaks TownhomesD1TH3BR,2.5BA$0.90
Windsor ParkGarden Homes2BR,2BA$1.09
The Pointe at ConwayTwo Bedroom (ground floor)2BR,2BA$1.15
University Park Apartments2 Bedroom, 2 Bath2BR,2BA$1.03
Edge at Conway2X22BR,2BA$0.87
Woodland OaksThe Chestnut2BR,1BA$1.02
Glenrock Apartments2 BR2BR,2BA$1.14
The VillageThe Delta2BR,1BA$1.08
12 Hundred Place1 Bed 1 Bath1BR,1BA$1.23
Rock Creek Conway1 Bedroom1BR,1BA$1.19

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Pet Friendly Lifestyle
Downtown Conway, Conway, AR

Ranked #1

Among cities in Arkansas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Downtown Conway, Conway, AR

School data provided by Great Schools

Frequently Asked Questions about Cheap Downtown Conway Apartments

What is the price of a cheap apartment in Downtown Conway?

The cheapest apartment in Downtown Conway is Fox Run which is listed at $655, while the average apartment in Downtown Conway costs $1,287.

What types of apartments are the cheapest in Downtown 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 26 regular apartments in Downtown 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 Downtown Conway?

Cheap apartments in Downtown Conway have an average cost of $287 which is $1,000 cheaper than the average rent for all rentals in Downtown 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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.