Cheap Apartments for Rent in Greenwood, AR from $500 (29 Rentals)

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

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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Southbrooke Apartments
1 to 3 Bedroom Apartments

Southbrooke Apartments

8201 Highway 271 SFort Smith, AR 72908
  • Utilities Included
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Pine View Apartments
1 Bedroom Apartments

Pine View Apartments

5202 Towson AveFort Smith, AR 72901
  • Utilities Included

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.

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St. Andrews Apartments
1 to 2 Bedroom Apartments

St. Andrews Apartments

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

Willow Lake Townhomes

1400 Albert Pike AveFort Smith, AR 72903
  • Utilities Included
Showing Results 1-29, Page 1 of 1

Greenwood, AR Local Guide

Cheapest Available Greenwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Greenwood, AR is a 1 Bed unit found at 601 Xavier St in the Cavanaugh neighborhood priced from $595. The Flats @ 5900 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
601 Xavier StOne Bedroom One Bathroom1BR,1BA$595
The Flats @ 59001 bed 1 bath Move-In Ready1BR,1BA$600
Village Meadows Apartments1 Bed 1 Bath1BR,1BA$600
Pike PlaceStandard1BR,1BA$610
Southbrooke ApartmentsSB 1 bed 1 bath1BR,1BA$625
The Bluffs @ CentralWelcome to your Convenient and Comfortable 1 be...1BR,1BA$650
The Links at Fort SmithCustom1BR,1BA$665
Aspen HeightsLive your Best Life! Silver Aspen 1 Bed/ 1 Bath1BR,1BA$675
Lakeside Townhomes1 bedroom 750sqft1BR,1BA$710
Chapel Ridge of Fort SmithThe Haven1BR,1BA$725

Best Value Apartments for Rent in Greenwood, AR and Nearby

As of June 24, 2025 the best value apartment in the Greenwood area is the $0.89 price per square foot 2 Bed 2 Bath 2 Car Garage Model at Willowbrook Duplexes in the in the Cavanaugh neighborhood starting from $1,199. The second greatest value Greenwood apartment is the Townhome Model at Brookstone Place Townhouses starting at $1,095 with a $0.94 price per square foot in the Fort Smith Eastside 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.
Willowbrook Duplexes2 Bed 2 Bath 2 Car Garage2BR,2BA$0.89
Brookstone Place TownhousesTownhome2BR,1.5BA$0.94
Addison Place Apartments2X22BR,2BA$0.92
Glen Oaks2 Bed, 2 Bath (REHAB)2BR,2BA$0.92
Better than the next- Colony West2.22BR,2BA$0.83
Crown Ridge ApartmentsThe Grand Marquis2BR,2BA$0.90
Village Meadows Apartments2 Bed 1 Bath2BR,1BA$0.91
Lakeside Townhomes1 bedroom 750sqft1BR,1BA$0.95
Southbrooke ApartmentsSB 1 bed 1 bath1BR,1BA$0.89
The Flats @ 59001 bed 1 bath Move-In Ready1BR,1BA$0.92

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Best Local Schools in
Greenwood, AR

School data provided by Great Schools

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Getting Around Greenwood, AR

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

27 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Prairie at Chaffee Crossing listed at $850.

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

The lowest price for a Cheap One Bedroom Greenwood Apartment is $595 at 601 Xavier St.

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 $680 at Pike Place.

What is the most affordable Greenwood Three Bedroom Apartment?

The best deal on a cheap Greenwood Three Bedroom Apartment rental is at Southbrooke Apartments and starts from $820.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.