
Cheap Homes for Rent in Downtown Fort Smith Neighborhood of Fort Smith, AR from $500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Fort Smith area of Fort Smith.


1218 D St N
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.

2301 S V St, Unit 7

2000 S U St, Unit B
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.

708 S 17th St
Downtown Fort Smith, Fort Smith, AR Local Guide

How much does it cost to rent a home in Downtown Fort Smith?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Fort Smith 2 Bedroom Homes for Rent | $1,041 | $850 | $1,700 |
| Downtown Fort Smith 3 Bedroom Homes for Rent | $1,136 | $800 | $1,650 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Fort Smith Neighborhood of Fort Smith, AR.
Explore Fort Smith
Downtown Fort Smith, Fort Smith, AR Local Guide
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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 Grove priced from $695. The Belle Grove Apartments 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Grove | The Grove 1 Bedroom | 1BR,1BA | $695 |
| The Belle Grove Apartments | The Belle Grove 1 Bedroom | 1BR,1BA | $725 |
| Forrest Brook Apartments and Townhomes | 1.1 | 1BR,1BA | $725 |
Best Value Apartments for Rent in Downtown Fort Smith, AR
As of June 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 Corporate Model at Lofts on Park starting at $1,550 with a $1.82 price per square foot in the Sunnymede neighborhood. Here is today’s list of the best values for Downtown Fort Smith apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| CompassRCG Management | North Pointe I (SF4) | 4BR,2BA | $0.77 |
| Lofts on Park | Corporate | 2BR,1BA | $1.82 |
| The Azalea | The Azalea 2 Bedroom | 2BR,1BA | $1.09 |
| 503 N 18th St, Unit Templeton Manor Carriage | 503 N 18th St | 1BR,1BA | $1.04 |
| 800 S 25th St | Magnolia Place 1 Bedroom | 1BR,1BA | $1.04 |
| The Bricks at Brunwick | The Gimlet - Downstairs | 1BR,1BA | $1.68 |
| The Belle Grove Apartments | The Belle Grove 1 Bedroom | 1BR,1BA | $1.38 |
| Forrest Brook Apartments and Townhomes | 1.1 | 1BR,1BA | $1.38 |
| The Grove | The Grove Studio | Studio ,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Best Local Schools in Downtown Fort Smith, Fort Smith, AR
William O. Darby Jr. High School
School data provided by Great Schools
Frequently Asked Questions about Downtown Fort Smith
What type of rentals are currently available in Downtown Fort Smith?
There are currently 71 Apartments for Rent in Downtown Fort Smith, AR with pricing that ranges from $413 to $1,550. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Fort Smith ranging from $500 to $1,700.
What is the current price range for Rental Homes in Downtown Fort Smith?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Fort Smith ranges from $500 to $1,700 with an average monthly rent of $830.
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

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.

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.