Cheap Homes for Rent in the Downtown Fort Smith Neighborhood of Fort Smith, AR from $500 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Done

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

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

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.

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.

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 TO CORNERSTONE APARTMENTS priced from $595. CompassRCG Management has the second lowest priced unit, which is a 1 Bed apartment currently listed from $609. Here are the most affordable Downtown Fort Smith apartments for rent in Fort Smith, AR:

Apartment ListingModel NameBed/BathPriced From
TO CORNERSTONE APARTMENTS1BR/1.0BA1BR,1BA$595
CompassRCG ManagementCOTTAGES (DE)1BR,1BA$609
The Oak: 1 & 2 Bedroom ApartmentsThe Oak 1 Bedroom Unit Type1BR,1BA$675
The Belle Grove ApartmentsThe Belle Grove 1 Bedroom1BR,1BA$725
The GroveThe Grove StudioStudio,1BA$745

Best Value Apartments for Rent in Downtown Fort Smith, AR

As of September 09, 2026 the best value apartment in the Downtown Fort Smith area is the $1.12 price per square foot 1.1 L Model at West End Lofts in the in the May Lecta Sweet Historic District neighborhood starting from $1,050. The second greatest value Downtown Fort Smith apartment is the 503 N 18th St Model at 503 N 18th St, Unit Templeton Manor Carriage starting at $950 with a $1.19 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 ListingModel NameBed/BathPrice Per Sq.Ft.
West End Lofts1.1 L1BR,1BA$1.12
503 N 18th St, Unit Templeton Manor Carriage503 N 18th St1BR,1BA$1.19
Magnolia PlaceMagnolia Place 1 Bedroom1BR,1BA$1.04
The Bricks at BrunwickThe Gimlet - Downstairs1BR,1BA$1.40
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$1.51
TO CORNERSTONE APARTMENTS1BR/1.0BA1BR,1BA$1.19
CompassRCG ManagementCOTTAGES (AB)1BR,1BA$1.27
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.

Read Article
Decorative image

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.

Read Article

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Downtown Fort Smith

What type of rentals are currently available in Downtown Fort Smith?

There are currently 74 Apartments for Rent in Downtown Fort Smith, AR with pricing that ranges from $500 to $1,550. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Fort Smith ranging from $500 to $1,750.

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 $1,750 with an average monthly rent of $1,169.

How much are larger Three and Four Bedroom Rentals in Downtown Fort Smith?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Fort Smith range from $952 to $1,153, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $1,750. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,285.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.