Cheap Apartments for Rent in the Downtown Fort Smith Neighborhood of Fort Smith, AR from $300 (33 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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Summit Terrace
1 to 2 Bedroom Apartments

Summit Terrace

1501 N 37th StFort Smith, AR 72904
  • Utilities Included

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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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
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The Grove
Studio to 2 Bedroom Apartments

The Grove

3601 Barry AveFort Smith, AR 72903
  • Utilities Included

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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Oakwood Gardens
1 to 2 Bedroom Apartments

Oakwood Gardens

3500 S N StFort Smith, AR 72903
  • Utilities Included
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800 S 25th St
Studio to 2 Bedroom Apartments

800 S 25th St

800 S 25th StFort Smith, AR 72901

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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The Azalea
1 to 2 Bedroom Apartments

The Azalea

2322 S I StFort Smith, AR 72901
  • Utilities Included
Showing Results 1-33, Page 1 of 1

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 The Oak: 1 & 2 Bedroom Apartments priced from $675. The Grove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Downtown Fort Smith apartments for rent in Fort Smith, AR:

Apartment ListingModel NameBed/BathPriced From
The Oak: 1 & 2 Bedroom ApartmentsThe Oak 1 Bedroom Unit Type1BR,1BA$675
The GroveThe Grove 1 Bedroom1BR,1BA$695
The Belle Grove ApartmentsThe Belle Grove 1 Bedroom1BR,1BA$725
Forrest Brook Apartments1.11BR,1BA$725
800 S 25th StMagnolia Place 1 Bedroom1BR,1BA$745
Lofts on Park1.11BR,1BA$855
The AzaleaThe Azalea 2 Bedroom2BR,1BA$895
CompassRCG ManagementNort Pointe I (SF3)3BR,2BA$912
The Bricks at BrunwickThe Gimlet - Upstairs1BR,1BA$940

Best Value Apartments for Rent in Downtown Fort Smith, AR

As of June 24, 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 2.2.5 Model at West End Lofts starting at $1,300 with a $1.02 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 Lofts2.2.52BR,2.5BA$1.02
1017 S 22nd St, Unit 41017 S 22nd St2BR,1BA$0.90
The AzaleaThe Azalea 2 Bedroom2BR,1BA$1.09
800 S 25th StMagnolia Place 1 Bedroom1BR,1BA$1.04
The Bricks at BrunwickThe Gimlet - Downstairs1BR,1BA$1.68
The Oak: 1 & 2 Bedroom ApartmentsThe Oak 1 Bedroom Unit Type1BR,1BA$1.23
The Belle Grove ApartmentsThe Belle Grove 1 Bedroom1BR,1BA$1.38
Forrest Brook Apartments1.11BR,1BA$1.38
The GroveThe Grove StudioStudio ,1BA$1.75

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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Quick Rent Budget Calculator

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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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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 The Oak: 1 & 2 Bedroom Apartments which is listed at $675, 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 9 regular apartments in Downtown 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 Downtown Fort Smith?

Cheap apartments in Downtown Fort Smith have an average cost of $641 which is $381 cheaper than the average rent for all rentals in Downtown 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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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.

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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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.