Cheap Apartments for Rent in the Downtown Fort Smith Neighborhood of Fort Smith, AR from $300 (41 Rentals)

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

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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Lofts on Park
$855 - $1,550
Total Monthly Price

Total Monthly Price

Base Rent
$855 - $1,550
Total Monthly Price
$855 - $1,550
1 to 2 Bedroom Apartments Available Now

Lofts on Park

3600 Kinkead AveFort Smith, AR 72903
Corporate Housing
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  • 3D Tour

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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Summit Terrace
1 to 2 Bedroom Apartments

Summit Terrace

1501 N 37th StFort Smith, AR 72904
  • Utilities Included
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Sunset Village
Studio to 2 Bedroom Apartments

Sunset Village

1100 S 11th StFort Smith, AR 72901
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Tara Gardens
1 to 2 Bedroom Apartments

Tara Gardens

1615 S 22nd StFort Smith, AR 72901
Senior Living

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Oak
1 to 2 Bedroom Apartments

The Oak

2520 N E StFort Smith, AR 72901
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Oakwood Gardens
1 to 2 Bedroom Apartments

Oakwood Gardens

3500 S N StFort Smith, AR 72903
  • Utilities Included
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Z Street Apartments
2 Bedroom Apartments

Z Street Apartments

1900 S Z StFort Smith, AR 72901
Affordability

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Downtown Fort Smith, Fort Smith, AR Local Guide

Cheapest Available Downtown Fort Smith Apartments for Rent

 

The cheapest available apartment rental in the Downtown Fort Smith area of Fort Smith, AR is a 1 Bed unit found at Forrest Brook Apartments priced from $725. "The Belle Grove" One Bedroom Apartments (Wifi Included) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Downtown Fort Smith apartments for rent in Fort Smith, AR:

Apartment ListingModel NameBed/BathPriced From
Forrest Brook Apartments1.11BR,1BA$725
"The Belle Grove" One Bedroom Apartments (Wifi Included)The Belle Grove 1 Bedroom1BR,1BA$725
Magnolia Place: 1 & 2 Bedroom ApartmentsMagnolia Place 1 Bedroom1BR,1BA$745
"The Grove" One & Two Bedroom ApartmentsThe Grove 2 Bedroom2BR,1BA$845
Lofts on Park1.11BR,1BA$855
CompassRCG ManagementNort Pointe I (SF3)3BR,2BA$912
The Bricks at BrunwickThe Gimlet - Upstairs1BR,1BA$990
West End Lofts? One-Bedroom Loft Coming Available! ? Give us ...1BR,1BA$995

Best Value Apartments for Rent in Downtown Fort Smith, AR

As of May 10, 2026 the best value apartment in the Downtown Fort Smith area is the $0.77 price per square foot North Pointe I (SF4) Model at CompassRCG Management in the in the Sunnymede neighborhood starting from $1,022. The second greatest value Downtown Fort Smith apartment is the ? One-Bedroom Loft Coming Available! ? Give us ... Model at West End Lofts starting at $995 with a $1.15 price per square foot in the May Lecta Sweet Historic District neighborhood. Here is today’s list of the best values for Downtown Fort Smith apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
CompassRCG ManagementNorth Pointe I (SF4)4BR,2BA$0.77
West End Lofts? One-Bedroom Loft Coming Available! ? Give us ...1BR,1BA$1.15
Lofts on ParkCorporate2BR,1BA$1.82
503 N 18th St, Unit Templeton Manor Carriage503 N 18th St1BR,1BA$1.04
Magnolia Place: 1 & 2 Bedroom ApartmentsMagnolia Place 1 Bedroom1BR,1BA$1.04
"The Grove" One & Two Bedroom ApartmentsThe Grove 2 Bedroom2BR,1BA$1.21
1714 S 28th St, Unit 17141714 S 28th St1BR,1BA$1.00
The Bricks at BrunwickThe Gimlet - Downstairs1BR,1BA$1.77
"The Belle Grove" One Bedroom Apartments (Wifi Included)The Belle Grove 1 Bedroom1BR,1BA$1.38
Forrest Brook Apartments1.11BR,1BA$1.38

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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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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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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Best Local Schools in
Downtown Fort Smith, Fort Smith, AR

School data provided by Great Schools

Frequently Asked Questions about Cheap Downtown Fort Smith Apartments

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

The cheapest apartment in Downtown Fort Smith is Forrest Brook Apartments which is listed at $725, while the average apartment in Downtown Fort Smith costs $1,022.

What types of apartments are the cheapest in Downtown 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 4 regular apartments in Downtown Fort Smith 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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.