Cheap Homes for Rent in Fort Smith, AR from $500 (36 Rentals)

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

property at 815 N 48th St
$650
1 Bedroom Rentals
Available Sep 9
Affordability

815 N 48th St

Fort SmithAR72903
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.

property at 4902 Free Ferry Rd
$875

Total Monthly Price

Base Rent$875

Total Monthly Price$875
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

4902 Free Ferry Rd

Fort SmithAR72903
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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.

property at 1815 Osage St
$975
2 Bedroom Rentals
Available Now
Affordability

1815 Osage St

Fort SmithAR72901

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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.

Fort Smith, AR Local Guide

Cheapest Neighborhoods for Apartments in Fort Smith, AR

Pricing Updated: 09/08/2026

Current apartment rentals in the Fort Smith, AR area range in price from $500 to $7,000 with an overall median price of $869. The three Fort Smith neighborhoods with the lowest median rent pricing are Fort Smith Southside at $767, Hillcrest at $775, and Belle Grove at $790. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Fort Smith Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Fort Smith Southside$767$50076
Hillcrest$775$50073
Belle Grove$790$50056
Fishback Historic District$790$50085
Fort Smith Northside$790$50090
May Lecta Sweet Historic District$790$50080
Sunnymede$790$55085
Mill Creek$795$50025
Downtown Fort Smith$800$50050
Oak Park$850$60916

Cheapest Available Fort Smith Apartments for Rent

 

The cheapest available apartment rental in Fort Smith, AR is a 1 Bed unit found at TO CORNERSTONE APARTMENTS in the Sunnymede neighborhood priced from $595. CompassRCG Management in the Sunnymede neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $609. Here is today’s list of the most affordable Fort Smith apartments for rent:

Apartment ListingModel NameBed/BathPriced From
TO CORNERSTONE APARTMENTS1BR/1.0BA1BR,1BA$595
CompassRCG ManagementCOTTAGES (DE)1BR,1BA$609
Kinkead Corner$500 Move In Special- Renovated Studio1BR,1BA$625
Pike PlaceStandard1BR,1BA$630
The Bluffs @ Central1.1 R1BR,1BA$645
The Flats @ 59001.1S Reno1BR,1BA$650
Flat Rock Creek Apartments1 bed, 1 bath Newly Remodeled1BR,1BA$650
Mayfair Apartments1x11BR,1BA$675
The Hendrix1.11BR,1BA$675
The ViewThe View 1501 One Bedroom1BR,1BA$675

Best Value Apartments for Rent in Fort Smith, AR

As of September 09, 2026 the best value apartment in the Fort Smith area is the $0.32 price per square foot Bedroom D Model at University Park Place in the in the Sunnymede neighborhood starting from $599. The second greatest value Fort Smith apartment is the 3 Bed 2 Bath Model at Rock Creek Apartments starting at $950 with a $0.82 price per square foot in the Sunnymede neighborhood. Here is today’s list of the best values for Fort Smith apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Park PlaceBedroom D1BR,1BA$0.32
Rock Creek Apartments3 Bed 2 Bath3BR,2BA$0.82
Southbrook Apartments2BR/2.0BA2BR,2BA$0.83
Better than the next- Colony West2.22BR,2BA$0.83
Marina Apartments2 Bedroom, 1.5 Bath- B Plan Downstairs2BR,1.5BA$0.86
Southpoint Apartments2bd/2ba- B Plan Upstairs2BR,2BA$0.90
The Fairway At Fianna Hills$800 Move-In Special2BR,1BA$0.90
Z Street Apartments2.12BR,1BA$0.87
Mayfair Apartments1x11BR,1BA$0.90
Flat Rock Creek Apartments1 bed, 1 bath Newly Remodeled1BR,1BA$0.87

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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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.

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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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Fort Smith, AR
Population: 87,845

Ranked #379

in US Census Population by City

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Pet Friendly Lifestyle

Ranked #

Among cities in Arkansas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Fort Smith

What type of rentals are currently available in Fort Smith?

There are currently 264 Apartments for Rent in Fort Smith, AR with pricing that ranges from $500 to $7,000. There are also 141 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fort Smith ranging from $500 to $4,350.

What is the current price range for Rental Homes in Fort Smith?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fort Smith ranges from $500 to $4,350 with an average monthly rent of $1,510.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Fort Smith range from $920 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,395 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

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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.

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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.

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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.