Cheap Homes for Rent in Downtown Fort Smith Neighborhood of Fort Smith, AR from $500 (8 Rentals)

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Search the lowest-cost Homes 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.

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.

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 Grove" One & Two Bedroom Apartments priced from $695. "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
"The Grove" One & Two Bedroom ApartmentsThe Grove 1 Bedroom1BR,1BA$695
"The Belle Grove" One Bedroom Apartments (Wifi Included)The Belle Grove 1 Bedroom1BR,1BA$725
Forrest Brook Apartments1.11BR,1BA$725

Best Value Apartments for Rent in Downtown Fort Smith, AR

As of April 26, 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 2.1 Model at Z Street Apartments starting at $740 with a $0.87 price per square foot in the South Fort Smith 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
Z Street Apartments2.12BR,1BA$0.87
Lofts on Park1.11BR,1BA$1.15
Magnolia Place: 1 & 2 Bedroom ApartmentsMagnolia Place 1 Bedroom1BR,1BA$1.04
The Azalea: 1 & 2 Bedroom ApartmentsThe Azalea 1 Bedroom1BR,1BA$1.08
716 N 18th St716 N 18th St1BR,1BA$1.33
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
"The Grove" One & Two Bedroom ApartmentsThe Grove 1 Bedroom1BR,1BA$1.32
Forrest Brook Apartments1.11BR,1BA$1.38

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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.

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Frequently Asked Questions about Downtown Fort Smith

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

There are currently 68 Apartments for Rent in Downtown Fort Smith, AR with pricing that ranges from $413 to $1,240. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Fort Smith ranging from $500 to $3,200.

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 $3,200 with an average monthly rent of $1,309.

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 $699 to $945, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $1,599. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $1,022.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.