Cheap Apartments for Rent in Fayetteville, AR from $499 (341 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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property at 1774 N Gregg Ave
$925 - $1,095
1 To 2 Bedroom Rentals
Available Now
Affordability

1774 N Gregg Ave

FayettevilleAR72703

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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Fayetteville, AR Local Guide

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Written By:
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Local Guide Expert

Cheapest Neighborhoods for Apartments in Fayetteville, AR

Pricing Updated: 09/20/2026

Current apartment rentals in the Fayetteville, AR area range in price from $499 to $34,479 with an overall median price of $1,298. The three Fayetteville neighborhoods with the lowest median rent pricing are Westwoods at $1,017, Asbell at $1,042, and Skyler Place at $1,055. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Fayetteville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Westwoods$1,017$49991
Asbell$1,042$49968
Skyler Place$1,055$49967
Fayetteville Country Club$1,075$499155
Maple Terrace$1,075$819101
Mountain Ranch$1,075$819107
Jefferson Walker$1,080$499213
Bel-Air Acres$1,095$49994
Town Branch$1,095$499232
Hollybrooke Estates$1,100$9006

Cheapest Available Fayetteville Apartments for Rent

 

The cheapest available apartment rental in Fayetteville, AR is a Studio unit found at 730 N Leverett Ave in the Heritage East neighborhood priced from $625. Aspen Heights Fayetteville in the Fayetteville Center neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $725. Here is today’s list of the most affordable Fayetteville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
730 N Leverett AveStudio / 1 Bath - 325 Sq. Ft.Studio, 1BA$625
Aspen Heights Fayetteville4 Bedroom - Boulder A4BR, 4BA$725
Cherylynn Townhouses1 Bed, 1 bath1BR, 1BA$750
Sweetser PropertiesRedbud, Gold Leaf, University, Noble Oaks 1/11BR, 1BA$750
University Apartments1 Bed, 1 bath1BR, 1BA$750
Chestnut Apartments1 Bed 1 Bath1BR, 1BA$750
Red Bud Apartments1 Bed, 1 bath1BR, 1BA$750
Cambridge Place1 Bed, 1 bath1BR, 1BA$775
Oakwood PlaceOakwood - 2/12BR, 1BA$775

Best Value Apartments for Rent in Fayetteville, AR

As of September 20, 2026 the best value apartment in the Fayetteville area is the $0.91 price per square foot 4/3 Unfurnished Townhome Model at The Row @ Arkansas in the Fayetteville Center neighborhood starting from $1,800. The second greatest value Fayetteville apartment is the Cloverhurst B - 4x4.5 Model at The Retreat at Fayetteville in the Heritage East neighborhood starting at $1,070 with a $0.55 price per square foot. Here is today’s list of the best values for Fayetteville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Row @ Arkansas4/3 Unfurnished Townhome4BR, 3BA$0.91
The Retreat at FayettevilleCloverhurst B - 4x4.54BR, 4.5BA$0.55
The Landing FayettevilleB1 UP - 2x22BR, 2BA$0.62
Champions Club | Student Housing2 Bedroom2BR, 2BA$0.67
Pleasant Woods TownhomesPleasant Woods Town Homes2BR, 2.5BA$1.00
Mitchell YardsTwo Bedroom2BR, 2.5BA$0.96
The Vue on Stadium Drive Fayetteville2 BEDROOM, 2 BATH2BR, 2BA$0.87
Greenleaf TownhomesBetty Jo Renovated Unit2BR, 1.5BA$1.03
Alight Fayetteville2 BEDROOM, 2 BATH2BR, 2BA$0.86
Paradise ViewCustom2BR, 1.5BA$0.98

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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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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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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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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Fayetteville Overview

People living in apartments in Fayetteville, AR have a lot to look forward to, from scenic mountain vistas to a thriving university community with all the culture and excitement that comes along with it. Fayetteville is a great place to settle down whether you're looking for peace and quiet, a new adventure every day, or something in between.

Why live in Fayetteville, AR?

Fayetteville offers the best of both worlds if you want the bustle and culture of a university town with the opportunity to get away from it all in just a short trip to the mountains. Thanks to the influx of college students much of the year, the city boasts an eclectic and budget-friendly array of restaurants and coffee shops.

Fayetteville, AR
Population: 86,751

Ranked #386

in US Census Population by City

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Best Local Schools in
Fayetteville, AR

School data provided by Great Schools

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

Explore Fayetteville, AR Rentals by Map

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Frequently Asked Questions about Cheap Fayetteville Apartments

What is a cheap apartment in Fayetteville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fayetteville is under $775.

What is the price of a cheap apartment in Fayetteville?

The cheapest apartment in Fayetteville is Chestnut Apartments which is listed at $750, while the average apartment in Fayetteville costs $1,298.

What types of apartments are the cheapest in Fayetteville?

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 6,633 regular apartments in Fayetteville 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 Fayetteville?

Cheap apartments in Fayetteville have an average cost of $593 which is $705 cheaper than the average rent for all rentals in Fayetteville.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.