Cheap Apartments for Rent in Fort Smith, AR from $500 (168 Rentals)

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

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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The Flats @ 5900
$650 - $965

Total Monthly Price

Base Rent$650 - $965
Total Monthly Price$650 - $965
1 to 3 Bedroom Apartments Available Now

The Flats @ 5900

5900 Kinkead AveFort Smith, AR 72903
Affordability
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  • Customer Reviewed
  • Utilities Included
property at 2101 S V St
$695

Total Monthly Price

Base Rent$695
Total Monthly Price$695
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

2101 S V St

Fort SmithAR72901

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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Aspen Heights
$735 - $835

Total Monthly Price

Base Rent$735 - $835
Total Monthly Price$735 - $835
1 to 2 Bedroom Apartments Available Now

Aspen Heights

5801 Kinkead AveFort Smith, AR 72903
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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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Village Meadows
$760 - $860

Total Monthly Price

Base Rent$760 - $860
Total Monthly Price$760 - $860
1 to 2 Bedroom Apartments Available Now

Village Meadows

9801 Meandering WayFort Smith, AR 72903
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Fort Smith, AR Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Fort Smith, AR

Pricing Updated: 09/10/2026

Current apartment rentals in the Fort Smith, AR area range in price from $500 to $7,000 with an overall median price of $857. The three Fort Smith neighborhoods with the lowest median rent pricing are Fort Smith Southside at $760, Fishback Historic District at $775, and Hillcrest at $775. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Fort Smith Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Fort Smith Southside$760$50077
Fishback Historic District$775$50085
Hillcrest$775$50072
May Lecta Sweet Historic District$775$50079
Sunnymede$775$55086
Fort Smith Northside$780$50091
Belle Grove$790$50057
Mill Creek$795$50027
Downtown Fort Smith$800$50050
Oak Park$822$60916

Cheapest Available Fort Smith Apartments for Rent

 

The cheapest available apartment rental in Fort Smith, AR is a 1 Bed unit found at TO CORNERSTONE APARTMENTS in the Sunnymede neighborhood priced from $595. CompassRCG Management in the Sunnymede neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $609. Here is today’s list of the most affordable Fort Smith apartments for rent:

Apartment ListingModel NameBed/BathPriced From
TO CORNERSTONE APARTMENTS1BR/1.0BA1BR,1BA$595
CompassRCG ManagementCOTTAGES (DE)1BR,1BA$609
Kinkead Corner$500 Move In Special- Renovated Studio1BR,1BA$625
Pike PlaceStandard1BR,1BA$630
The Bluffs @ Central1.1 R1BR,1BA$645
The Flats @ 59001.1S Reno1BR,1BA$650
Flat Rock Creek Apartments1 bed, 1 bath Newly Remodeled1BR,1BA$650
Mayfair Apartments1x11BR,1BA$675
The Hendrix1.11BR,1BA$675
The ViewThe View 1501 One Bedroom1BR,1BA$675

Best Value Apartments for Rent in Fort Smith, AR

As of September 10, 2026 the best value apartment in the Fort Smith area is the $0.32 price per square foot Bedroom D Model at University Park Place in the in the Sunnymede neighborhood starting from $599. The second greatest value Fort Smith apartment is the 3 Bed 2 Bath Model at Rock Creek Apartments starting at $950 with a $0.82 price per square foot in the Sunnymede neighborhood. Here is today’s list of the best values for Fort Smith apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Park PlaceBedroom D1BR,1BA$0.32
Rock Creek Apartments3 Bed 2 Bath3BR,2BA$0.82
Glen Oaks Apartments2 Bed, 2 Bath (REHAB)2BR,2BA$0.92
Southbrook Apartments2BR/2.0BA2BR,2BA$0.83
Better than the next- Colony West2.22BR,2BA$0.83
Marina Apartments2 Bedroom, 1.5 Bath- B Plan Downstairs2BR,1.5BA$0.86
Southpoint Apartments2bd/2ba- B Plan Upstairs2BR,2BA$0.90
The Fairway At Fianna Hills$800 Move-In Special2BR,1BA$0.90
Flat Rock Creek Apartments1 bed, 1 bath Newly Remodeled1BR,1BA$0.87
Mayfair Apartments1x11BR,1BA$0.90

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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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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Fort Smith Overview

Known as the second-largest city in the proud state of Arkansas, Ft. Smith dates back to the early 1800s. Currently home to close to 100K residents, Ft. Smith apartments for rent offer a wide array of opportunity to an abundance of lifestyles and budgets.

Why live in Fort Smith, AR?

"A welcoming slice of midwestern life matched only by its close proximity to much natural beauty, Ft. Smith apartments for rent are a fantastic way to connect with all that Arkansas has to offer. Lauded by 'Forbes' as being one of the 'lowest costs of living in the nation', rentals in Ft. Smith offer much in the way of convenience and affordability. Currently ranked sixth in ""Cities in America for Cost of Doing Business"", Arkansas residents living in Ft. Smith apartments enjoy a world of options at their fingertips for both work and play."

Fort Smith, AR
Population: 87,845

Ranked #379

in US Census Population by City

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Pet Friendly Lifestyle

Ranked #

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

Pet Friendliness Lifestyle Score

Pet Friendly

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Best Local Schools in
Fort Smith, AR

School data provided by Great Schools

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

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Frequently Asked Questions about Cheap Fort Smith Apartments

What is a cheap apartment in Fort Smith?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fort Smith is under $675.

What is the price of a cheap apartment in Fort Smith?

The cheapest apartment in Fort Smith is TO CORNERSTONE APARTMENTS which is listed at $595, while the average apartment in Fort Smith costs $857.

What types of apartments are the cheapest in Fort Smith?

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 165 regular apartments in Fort Smith 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 Fort Smith?

Cheap apartments in Fort Smith have an average cost of $658 which is $199 cheaper than the average rent for all rentals in Fort Smith.

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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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.

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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.