Cheap Apartments for Rent in Lake City, AR from $500 (25 Rentals)

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

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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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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Villas at Jonesboro
1 to 2 Bedroom Apartments

Villas at Jonesboro

983 N Patrick StJonesboro, AR 72401
Senior Living
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Lake City, AR Local Guide

Cheapest Available Lake City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake City, AR is a 1 Bed unit found at Capri priced from $595. Silverwood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $660. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CapriCopper1BR,1BA$595
SilverwoodStandard1BR,1BA$660
Park LakeStandard1BR,1BA$665
Gladiola EstatesStandard 1 Bedroom1BR,1BA$665
The Links at JonesboroCustom1BR,1BA$720

Best Value Apartments for Rent in Lake City, AR and Nearby

As of July 30, 2025 the best value apartment in the Lake City area is the $1.21 price per square foot 3x2 with garage Model at Oak Tree Manor Duplexes in the in the Downtown Jonesboro neighborhood starting from $1,700. The second greatest value Lake City apartment is the 2 Bed 1.5 Bath - Morganne Dr Model at The Oak Townhomes starting at $1,000 with a $0.83 price per square foot . Here is today’s list of the best values for Lake City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Oak Tree Manor Duplexes3x2 with garage3BR,2BA$1.21
The Oak Townhomes2 Bed 1.5 Bath - Morganne Dr2BR,1.5BA$0.83
Fox Run Apartments- Utilities Included!THE HIDDEN GEM2BR,1BA$1.01
Willow Creek Townhomes2X1.52BR,1.5BA$1.04
Cedar Manor Apartments2 bedroom x 1 bath2BR,1BA$1.04
Sundance Townhomes2 Bed /1.5 Bath2BR,1.5BA$1.15
Pines Apartments2 bedroom x 1 bath2BR,1BA$1.07
Caraway CommonsOne Bedroom1BR,1BA$1.04
Courtyard @ The Corner2x1 Platinum2BR,1BA$1.05
Grand Oak Place2x12BR,1BA$1.16

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

Explore Lake City, AR Rentals by Map

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Getting Around Lake City, AR

Walk Score®

24 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

31 / 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 Lake City Apartments

How much is rent for a Cheap One Bedroom Lake City Apartment?

The lowest price for a Cheap One Bedroom Lake City Apartment is $595 at Capri.

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

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

What is the most affordable Lake City Three Bedroom Apartment?

The best deal on a cheap Lake City Three Bedroom Apartment rental is at Grand Oak Place and starts from $995.

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.