Cheap Apartments for Rent in Greenwood, AR from $400 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in Greenwood.

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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Crown Ridge
$815 - $1,050
Total Monthly Price

Total Monthly Price

Base Rent
$815 - $1,050
Total Monthly Price
$815 - $1,050
1 to 3 Bedroom Apartments Available Jun 15

Crown Ridge

7114 Texas RdFort Smith, AR 72908
Affordability
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  • Utilities Included

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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601 Xavier St
1 Bedroom Apartments

601 Xavier St

601 Xavier StFort Smith, AR 72901
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Pine View Apartments
1 Bedroom Apartments

Pine View Apartments

5202 Towson AveFort Smith, AR 72901
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Southbrooke Apartments
1 to 3 Bedroom Apartments

Southbrooke Apartments

8201 Highway 271 SFort Smith, AR 72908
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St. Andrews Apartments
1 to 2 Bedroom Apartments

St. Andrews Apartments

4901 St Andrews WayFort Smith, AR 72903
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Willow Lake Townhomes
2 to 4 Bedroom Apartments

Willow Lake Townhomes

1400 Albert Pike AveFort Smith, AR 72903
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Chanel Place
2 to 3 Bedroom Apartments

Chanel Place

9000-9101 Chanel PlFort Smith, AR 72916
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Greenwood, AR Local Guide

Cheapest Available Greenwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Greenwood, AR is a 2 Beds unit found at Village Meadows in the Massard neighborhood priced from $400. The Bluffs @ Central in the Sunnymede neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Greenwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Village Meadows9801 Meandering Way- Exceptional Quality2BR,1BA$400
The Bluffs @ Central1.1 R1BR,1BA$600
The Flats @ 59001.1L Reno1BR,1BA$600
The Links at Fort SmithCustom1BR,1BA$685
Pike PlaceStandard2BR,1BA$700
Mill Creek: 1 & 2 Bedroom Apartments with Pool & ClubhouseMill Creek 1 Bedroom1BR,1BA$725
Phoenix Village2.1S Rehab2BR,1BA$725
Greystone Apartments2x12BR,1BA$725
Ramsey Square: 1 & 2 Bedroom Apartments with Dog Park & PoolRamsey Square 1 Bedroom Unit Type1BR,1BA$745
Pavilion Place Apartments, LLCFloor Plan 51BR,1BA$750

Best Value Apartments for Rent in Greenwood, AR and Nearby

As of May 21, 2026 the best value apartment in the Greenwood area is the $0.29 price per square foot Bedroom C Model at University Park Place in the in the Sunnymede neighborhood starting from $550. The second greatest value Greenwood apartment is the 1100 Model at Lakeside Townhomes starting at $950 with a $0.86 price per square foot in the Sunnymede neighborhood. Here is today’s list of the best values for Greenwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Park PlaceBedroom C1BR,1BA$0.29
Lakeside Townhomes11002BR,1.5BA$0.86
Aspen Heights2 Bed, 2 Bath (W/D, Golden)2BR,2BA$0.74
Addison Place Apartments2X22BR,2BA$0.92
Glen Oaks Apartments2 Bed, 2 Bath (REHAB)2BR,2BA$0.92
Forest Oaks Apartments2bd2BR,1.5BA$0.86
Marina Apartments2 Bedroom, 1.5 Bath- B Plan Upstairs2BR,1.5BA$0.90
Southpoint Apartments2bd/2ba- B Plan Upstairs2BR,2BA$0.90
Village Meadows2.12BR,1BA$0.94
The Flats @ 59001.1L Reno1BR,1BA$0.92

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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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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Greenwood, AR

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Greenwood Apartments

What is the Cheapest Studio apartment in Greenwood?

Currently the most affordable Cheap Studio Apartment in Greenwood is at The Cottages at Ashton listed at $1,750.

How much is rent for a Cheap One Bedroom Greenwood Apartment?

The lowest price for a Cheap One Bedroom Greenwood Apartment is $600 at The Flats @ 5900.

What is the lowest price for a Cheap Two Bedroom Greenwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Greenwood is starting from $400 at Village Meadows.

What is the most affordable Greenwood Three Bedroom Apartment?

The best deal on a cheap Greenwood Three Bedroom Apartment rental is at Willowbrook Duplexes and starts from $1,299.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.