Cheap Apartments for Rent in Greenwood, AR from $500 (45 Rentals)

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

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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The Flats @ 5900
$650 - $965
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Total Monthly Price

Base Rent
$650 - $965
Total Monthly Price
$650 - $965
1 to 3 Bedroom Apartments Available Now

The Flats @ 5900

5900 Kinkead AveFort Smith, AR 72903
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Aspen Heights
$735 - $835
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$735 - $835
Total Monthly Price
$735 - $835
1 to 2 Bedroom Apartments Available Now

Aspen Heights

5801 Kinkead AveFort Smith, AR 72903
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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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Village Meadows
$760 - $860
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Total Monthly Price

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$760 - $860
Total Monthly Price
$760 - $860
1 to 2 Bedroom Apartments Available Now

Village Meadows

9801 Meandering WayFort Smith, AR 72903
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Crown Ridge
$950
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Total Monthly Price

Base Rent
$950
Total Monthly Price
$950
2 Bedroom Apartments Available Now

Crown Ridge

7114 Texas RdFort Smith, AR 72908
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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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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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St. Andrews Apartments
1 to 2 Bedroom Apartments

St. Andrews Apartments

4901 St Andrews WayFort Smith, AR 72903
  • Utilities Included

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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Cherry Tree
1 to 2 Bedroom Apartments

Cherry Tree

6505 Fresno StFort 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

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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Greenwood, AR Local Guide

Cheapest Available Greenwood Apartments for Rent

 

The cheapest available apartment rental in Greenwood, AR is a 1 Bed unit found at Phoenix Village in the Cavanaugh neighborhood priced from $625. The Bluffs @ Central in the Sunnymede neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here is today’s list of the most affordable Greenwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Phoenix Village1.1 Rehab1BR,1BA$625
The Bluffs @ Central1.1 R1BR,1BA$645
The Flats @ 59001.1L Reno1BR,1BA$650
Forest Oaks Apartments1bd1BR,1BA$680
The Links at Fort SmithCustom1BR,1BA$685
Marina Apartments1 Bedroom, 1 Bathroom1BR,1BA$700
Quiet Living Lakeside1.1 Deluxe1BR,1BA$710
Mill Creek ApartmentsMill Creek 1 Bedroom1BR,1BA$725
Greystone Apartments2x12BR,1BA$725
Aspen Heights1 Bed, 1 Bath (Golden)1BR,1BA$735

Best Value Apartments for Rent in Greenwood, AR

As of August 19, 2026 the best value apartment in the Greenwood 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 Greenwood apartment is the 1234 Model at Willowbrook Duplexes starting at $1,299 with a $0.96 price per square foot in the Cavanaugh 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 D1BR,1BA$0.32
Willowbrook Duplexes12343BR,2BA$0.96
Welcome to Stone Creek!2.22BR,2BA$0.94
Glen Oaks Apartments2 Bed, 2 Bath (REHAB)2BR,2BA$0.92
Harbortown Apartments2.22BR,2BA$0.95
Southbrook Apartments2BR/2.0BA2BR,2BA$0.83
Better than the next- Colony West2.22BR,2BA$0.83
Southpoint Apartments2bd/2ba- B Plan Upstairs2BR,2BA$0.90
Quiet Living Lakeside1.1 Deluxe1BR,1BA$0.89
Forest Oaks Apartments1bd1BR,1BA$0.96

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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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 $625 at Phoenix Village.

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 $710 at The Bluffs @ Central.

What is the most affordable Greenwood Three Bedroom Apartment?

The best deal on a cheap Greenwood Three Bedroom Apartment rental is at The Flats @ 5900 and starts from $945.

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.

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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.

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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.