Cheap Apartments for Rent in the Downtown Fayetteville Neighborhood of Fayetteville, AR from $500 (30 Rentals)

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

property at 21 N Locust Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

3 Bedroom, 1 Bath Home for Rent

Available Aug 1

21 N Locust Ave

FayettevilleAR72701
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Oakwood Place
2 Bedroom Apartments

Oakwood Place

705 W Putman StFayetteville, AR 72701
  • Utilities Included

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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Washington Ave
1 Bedroom Apartments

Washington Ave

310 S Washington AveFayetteville, AR 72701
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215 N East Ave
1 Bedroom Apartments

215 N East Ave

215 N East AveFayetteville, AR 72701
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AMPM LLC
1 Bedroom Apartments

AMPM LLC

495 W Prairie StFayetteville, AR 72701
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Twin Arch Apartments
Studio to 2 Bedroom Apartments

Twin Arch Apartments

525 N College AveFayetteville, AR 72701
Corporate Housing
  • Utilities Included

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.

property at 340 Campbell Ave

$1,700 - $1,800

1 To 2 Bedroom Rentals

Available Now

340 Campbell Ave

FayettevilleAR72701

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.

Cheapest Available Downtown Fayetteville Apartments for Rent

 

The cheapest available apartment rental in the Downtown Fayetteville area of Fayetteville, AR is a 2 Beds unit found at Oakwood Place priced from $795. South Yard Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,106. Here are the most affordable Downtown Fayetteville apartments for rent in Fayetteville, AR:

Apartment ListingModel NameBed/BathPriced From
Oakwood PlaceOakwood - 2/12BR,1BA$795
South Yard LoftsRichlandStudio,1BA$1,106
Eco Modern FlatsCorner FlatStudio,1BA$1,237

Best Value Apartments for Rent in Downtown Fayetteville, AR

As of July 31, 2026 the best value apartment in the Downtown Fayetteville area is the $0.86 price per square foot 2 BEDROOM, 2 BATH Model at Alight Fayetteville in the in the Heritage East neighborhood starting from $819. The second greatest value Downtown Fayetteville apartment is the Oakwood - 2/1 Model at Oakwood Place starting at $795 with a $1.09 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.
Alight Fayetteville2 BEDROOM, 2 BATH2BR,2BA$0.86
Oakwood PlaceOakwood - 2/12BR,1BA$1.09
Eco Modern FlatsCorner FlatStudio ,1BA$2.06
South Yard LoftsTanyardStudio ,1BA$2.41
AtmosphereStudioStudio ,1BA$4.57

Frequently Asked Questions about Cheap Downtown Fayetteville Apartments

What is the Cheapest Studio apartment in Downtown Fayetteville?

Currently the most affordable Cheap Studio Apartment in Downtown Fayetteville is at South Yard Lofts listed at $1,106.

How much is rent for a Cheap One Bedroom Downtown Fayetteville Apartment?

The lowest price for a Cheap One Bedroom Downtown Fayetteville Apartment is $1,250 at South Yard Lofts.

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

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.