
Cheap Apartments for Rent in the Downtown Neighborhood of Fayetteville, NC from $700 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Fayetteville.


Morganton Arms Apartments

The Residences at the Prince Charles

Residences at Haymount

Carolina Pines
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.

Lake Clair Apartments

311-345 Hay St

Bryan Street 10

Adam Street Apartments

Unbridled Senior Living
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Downtown, Fayetteville, NC Local Guide

How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $1,439 | $1,439 | $1,439 |
| Downtown 1 Bedroom Apartments | $1,160 | $795 | $1,695 |
| Downtown 2 Bedroom Apartments | $1,239 | $995 | $1,975 |
| Downtown 3 Bedroom Apartments | $4,049 | $4,049 | $4,049 |
| Downtown 4 Bedroom Apartments | $5,749 | $5,749 | $5,749 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Fayetteville, NC.
See all Apartments in FayettevilleExplore Fayetteville
Cheapest Available Downtown Apartments for Rent
 The cheapest available apartment rental in the Downtown area of Fayetteville, NC is a 3 Beds unit found at 713 North St priced from $1,050. Carolina Pines has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,121. Here are the most affordable Downtown apartments for rent in Fayetteville, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 713 North St | 3 Beds, 1.5 Baths | 3BR,1BA | $1,050 |
| Carolina Pines | Whistling Pine 2 Bedroom 1Bath | 2BR,1BA | $1,121 |
| Morganton Arms Apartments | 2 Bedroom Classic, screened porch | 2BR,2BA | $1,195 |
Best Value Apartments for Rent in Downtown, NC
As of July 06, 2026 the best value apartment in the Downtown area is the $1.05 price per square foot 2 Bedroom Classic, screened porch Model at Morganton Arms Apartments in the in the Lockwood neighborhood starting from $1,195. The second greatest value Downtown apartment is the Whistling Pine 2 Bedroom 1Bath Model at Carolina Pines starting at $1,116 with a $1.24 price per square foot in the Lockwood neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Morganton Arms Apartments | 2 Bedroom Classic, screened porch | 2BR,2BA | $1.05 |
| Carolina Pines | Whistling Pine 2 Bedroom 1Bath | 2BR,1BA | $1.24 |
| 221 Scott Ave, Unit A | 221 Scott Ave | 1BR,1BA | $1.21 |
| The Residences at the Prince Charles | The Rowan | 1BR,1BA | $2.49 |
Frequently Asked Questions about Cheap Downtown Apartments
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $1,695 at The Residences at the Prince Charles.
What is the lowest price for a Cheap Two Bedroom Downtown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $1,116 at Carolina Pines.
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

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.

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.

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.

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.