Cheap Apartments for Rent in the Downtown Fayetteville Neighborhood of Fayetteville, AR from $600 (11 Rentals)

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

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Oakwood Place
2 Bedroom Apartments

Oakwood Place

705 W Putman StFayetteville, AR 72701
  • Utilities Included

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Cheapest Available Downtown Fayetteville Apartments for Rent

 

The cheapest available apartment rental in the Downtown Fayetteville area of Fayetteville, AR is a 4 Beds unit found at Yugo Fayetteville Dickson priced from $739. Oakwood Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here are the most affordable Downtown Fayetteville apartments for rent in Fayetteville, AR:

Apartment ListingModel NameBed/BathPriced From
Yugo Fayetteville Dickson4 Bed, 4 Bath4BR,4BA$739
Oakwood PlaceOakwood - 2/12BR,1BA$750
Washington Ave1BR/1.0BA1BR,1BA$1,095
South Yard LoftsTanyardStudio,1BA$1,125
Eco Modern FlatsCentral FlatStudio,1BA$1,171

Best Value Apartments for Rent in Downtown Fayetteville, AR

As of January 15, 2026 the best value apartment in the Downtown Fayetteville area is the $0.73 price per square foot D5 Model at The Academy at Frisco in the in the Heritage East neighborhood starting from $975. The second greatest value Downtown Fayetteville apartment is the 2 BEDROOM, 2 BATH Model at Alight Fayetteville starting at $659 with a $0.69 price per square foot in the Heritage East neighborhood. Here is today’s list of the best values for Downtown Fayetteville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Academy at FriscoD54BR,4BA$0.73
Alight Fayetteville2 BEDROOM, 2 BATH2BR,2BA$0.69
Hill PlaceB1 Premium2BR,2BA$1.21
Oakwood PlaceOakwood - 2/12BR,1BA$1.03
AMPM LLCApartments1BR,1BA$2.27
Eco Modern FlatsRooftop FlatStudio ,1BA$2.25
Washington Ave1BR/1.0BA1BR,1BA$2.03
Network BuildingBeam1BR,1BA$2.41
South Yard LoftsTanyardStudio ,1BA$2.44
Yugo Fayetteville DicksonStudioStudio ,1BA$2.81

Frequently Asked Questions about Cheap Downtown Fayetteville Apartments

What is a cheap apartment in Downtown Fayetteville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Fayetteville is under $1,595.

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

The cheapest apartment in Downtown Fayetteville is Washington Ave which is listed at $1,095, while the average apartment in Downtown Fayetteville costs $1,450.

What types of apartments are the cheapest in Downtown 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 30 regular apartments in Downtown Fayetteville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!