
Cheap Homes for Rent in Lake City, AR from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Lake City.


228 Ambrea St

3309 Barrett Cir

713 W Mueller

4719 Samantha Ave
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.

519 Plaza Ave

2620 Crawford Dr

800 S 3rd Ave

2102 Clark St

2213 Spence Cir
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.
Lake City, AR Local Guide

How much does it cost to rent a home in Lake City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake City 2 Bedroom Homes for Rent | $1,025 | $625 | $1,350 |
| Lake City 3 Bedroom Homes for Rent | $1,486 | $850 | $2,550 |
| Lake City 4 Bedroom Homes for Rent | $1,522 | $1,450 | $1,595 |
Browse Top Homes for Rent in Lake City
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Lake City, AR Local Guide
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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 The Vue on Self Circle in the Downtown Jonesboro neighborhood priced from $575. Capri has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here is today’s list of the most affordable Lake City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Vue on Self Circle | 1BR/1BA | 1BR,1BA | $575 |
| Capri | Copper | 1BR,1BA | $595 |
| Park Lake | Standard | 1BR,1BA | $665 |
Best Value Apartments for Rent in Lake City, AR and Nearby
As of June 01, 2026 the best value apartment in the Lake City area is the $1.16 price per square foot 2X2 Model at The Landing at Greensborough Village in the in the Downtown Jonesboro neighborhood starting from $1,571. The second greatest value Lake City apartment is the Heritage Trace Model at Heritage Trace of Brookland starting at $1,270 with a $1.02 price per square foot . Here is today’s list of the best values for Lake City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Landing at Greensborough Village | 2X2 | 2BR,2BA | $1.16 |
| Heritage Trace of Brookland | Heritage Trace | 3BR,2BA | $1.02 |
| The Oak Townhomes | 2 Bed 1.5 Bath - Morganne Dr | 2BR,1.5BA | $0.81 |
| Caraway Commons | 3BR -R | 3BR,2BA | $0.98 |
| Deerfield Crossing | Two Bedroom Townhome | 2BR,2BA | $1.14 |
| Williamsburg Apartments | MEDIUM 2BR/1BA | 2BR,1BA | $0.83 |
| Cedar Manor Apartments | 2 bedroom x 1 bath | 2BR,1BA | $1.04 |
| Silverwood | Standard | 2BR,1BA | $0.95 |
| Grand Oak Place | 2x1 | 2BR,1BA | $1.16 |
| The Vue on Self Circle | 2BR/1.5BA | 2BR,1.5BA | $1.08 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Lake City, AR
Frequently Asked Questions about Lake City
What type of rentals are currently available in Lake City?
There are currently 41 Apartments for Rent in Lake City, AR with pricing that ranges from $575 to $2,100. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake City ranging from $625 to $2,550.
What is the current price range for Rental Homes in Lake City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake City ranges from $625 to $2,550 with an average monthly rent of $1,271.
How much are larger Three and Four Bedroom Rentals in Lake City?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake City range from $775 to $2,100, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,850.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.

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.