Cheap Apartments for Rent in Knoxville, AR from $500 (20 Rentals)

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

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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property at 505 W I St

505 W I St

RussellvilleAR72801
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Parker Place Apartments
Studio to 3 Bedroom Apartments

Parker Place Apartments

1401 Parker RdRussellville, AR 72801
  • Utilities Included

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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Knoxville, AR Local Guide

Cheapest Available Knoxville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Knoxville, AR is a Studio unit found at The Orchard priced from $525. Shadow Lake has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. Here is today’s list of the most affordable Knoxville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The OrchardStudioStudio,1BA$525
Shadow LakeStandard1BR,1BA$680
Spring Lake I/IIStandard Phase I1BR,1BA$720
Village Square Apartment1 Bed 1 Bath1BR,1BA$775
Urban Loft Co.Unit 31BR,1BA$899

Best Value Apartments for Rent in Knoxville, AR and Nearby

As of June 26, 2025 the best value apartment in the Knoxville area is the $1.09 price per square foot 1 Bed 1 Bath Model at Village Square Apartment in the starting from $775. The second greatest value Knoxville apartment is the Classic Phase I Model at Spring Lake I/II starting at $740 with a $1.38 price per square foot . Here is today’s list of the best values for Knoxville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Village Square Apartment1 Bed 1 Bath1BR,1BA$1.09
Spring Lake I/IIClassic Phase I1BR,1BA$1.38
Urban Loft Co.Unit 31BR,1BA$1.68
Shadow LakeStandard1BR,1BA$1.31
The OrchardStudioStudio ,1BA$1.05

Quick Rent Budget Calculator

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

Explore Knoxville, AR Rentals by Map

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See the most popular apartments and homes in Knoxville, AR

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Getting Around Knoxville, AR

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

22 / 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 Knoxville Apartments

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

The lowest price for a Cheap One Bedroom Knoxville Apartment is $680 at Shadow Lake.

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

Today's best deal for a Cheap Two Bedroom Apartment in Knoxville is starting from $730 at Shadow Lake.

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.