Cheap Homes for Rent in Fort Smith, AR from $500 (34 Rentals)

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

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.

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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.

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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.

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property at 2705 Vicksburg St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

2 Bedroom, 2 Bath Home for Rent

Available Now

2705 Vicksburg St

Fort SmithAR72901

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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Showing Results 1-34, Page 1 of 1

Fort Smith, AR Local Guide

Cheapest Neighborhoods for Apartments in Fort Smith, AR

Pricing Updated: 07/25/2026

Current apartment rentals in the Fort Smith, AR area range in price from $413 to $7,000 with an overall median price of $1,558. The three Fort Smith neighborhoods with the lowest median rent pricing are Belle Grove at $413, Downtown Fort Smith at $413, and Fort Smith Northside at $413. 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
Belle Grove$1,022$41366
Downtown Fort Smith$1,022$41345
Fort Smith Northside$1,022$41397
Oak Park$1,022$41314
Sunnymede$1,022$41390
May Lecta Sweet Historic District$1,550$55095
Mill Creek$1,550$55028
Fishback Historic District$1,724$55096
Fort Smith Southside$1,724$55088
Hillcrest$1,724$55085

Cheapest Available Fort Smith Apartments for Rent

 

The cheapest available apartment rental in Fort Smith, AR is a 1 Bed unit found at Phoenix Village in the Cavanaugh neighborhood priced from $550. Aspen Heights in the Sunnymede neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here is today’s list of the most affordable Fort Smith apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Phoenix VillageStudio1BR,1BA$550
Aspen HeightsSTUDIO (GOLDEN)1BR,1BA$595
The Bluffs @ Central1.1 R1BR,1BA$600
Pike PlaceStandard1BR,1BA$630
The Flats @ 59001.1S Reno1BR,1BA$650
The Hendrix1.11BR,1BA$675
Mayfair Apartments1x11BR,1BA$675
The Links at Fort SmithCustom1BR,1BA$685
Kinkead CornerRenovated Studios1BR,1BA$695

Best Value Apartments for Rent in Fort Smith, AR

As of July 26, 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 North Pointe I (SF4) Model at CompassRCG Management starting at $1,022 with a $0.77 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
CompassRCG ManagementNorth Pointe I (SF4)4BR,2BA$0.77
Flat Rock Creek Apartments2 bed 1 bath Flat Rock Creek2BR,1BA$0.80
Glen Oaks Apartments2 Bed, 2 Bath (REHAB)2BR,2BA$0.92
Southbrook Apartments2BR/2.0BA2BR,2BA$0.83
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
Livin' Lakeside!1.1 Deluxe1BR,1BA$0.89
Mayfair Apartments1x11BR,1BA$0.90

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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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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Best Local Schools in
Fort Smith, AR

School data provided by Great Schools

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 258 Apartments for Rent in Fort Smith, AR with pricing that ranges from $413 to $7,000. There are also 123 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 $1,234.

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 $699 to $2,605, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,450 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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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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.

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

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.