Cheap Apartments for Rent in the Downtown Little Rock Neighborhood of Little Rock, AR from $500 (21 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Downtown Little Rock area of Little Rock.

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.

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.

close
View Me
Barton Oaks Apartments
1 to 2 Bedroom Apartments

Barton Oaks Apartments

107 Barton StLittle Rock, AR 72205
  • Utilities Included
close
View Me
Westside Lofts
1 to 2 Bedroom Apartments

Westside Lofts

1300 Childrens WayLittle Rock, AR 72202
  • Utilities Included
close
View Me
Tuf Nut Lofts
2 Bedroom Apartments

Tuf Nut Lofts

423 E 3rd StLittle Rock, AR 72201
  • Utilities Included
close
View Me
608-612 E 7th St
1 Bedroom Apartments

608-612 E 7th St

608-612 E 7th StLittle Rock, AR 72202
close
View Me
The Clayton on Scott
1 to 3 Bedroom Apartments

The Clayton on Scott

915 Scott StLittle Rock, AR 72202
  • Utilities Included

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.

Downtown Little Rock, Little Rock, AR Local Guide

Cheapest Available Downtown Little Rock Apartments for Rent

 

The cheapest available apartment rental in the Downtown Little Rock area of Little Rock, AR is a 1 Bed unit found at Residences at Gracie Mansion priced from $820. Eastside Lofts Apartments Phase II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $886. Here are the most affordable Downtown Little Rock apartments for rent in Little Rock, AR:

Apartment ListingModel NameBed/BathPriced From
Residences at Gracie MansionTownhouse1BR,1BA$820
Eastside Lofts Apartments Phase II1x1 - 4981BR,1BA$886
Block 2 LoftsB A11BR,1BA$899
MetropolitanMetro1BR,1BA$986
The Flats at SomaThe Blossom1BR,1BA$1,000

Best Value Apartments for Rent in Downtown Little Rock, AR

As of October 09, 2025 the best value apartment in the Downtown Little Rock area is the $1.05 price per square foot 1520 S Louisiana St Model at 1520 S Louisiana St, Unit 2 in the in the State University neighborhood starting from $1,275. The second greatest value Downtown Little Rock apartment is the The Stephens Model at The Flats at Soma starting at $1,400 with a $1.34 price per square foot in the Ward 1 neighborhood. Here is today’s list of the best values for Downtown Little Rock apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1520 S Louisiana St, Unit 21520 S Louisiana St2BR,1BA$1.05
The Flats at SomaThe Stephens1BR,1BA$1.34
Rock Street Loft Apartments#1031BR,1BA$1.17
1512 South Louisiana Street, Unit Apt 21512 South Louisiana Street1BR,1BA$1.06
EPH 36, LLC (MacArthur Commons Apartments)1BR/1.0BA1BR,1BA$1.28
Thrive ArgentaA21BR,1BA$1.60
River Market FlatsRMF #262BR,1BA$1.68
MetropolitanMetro - Renovated1BR,1BA$1.52
Residences at Gracie MansionTownhouse1BR,1BA$1.30
Block 2 LoftsB A11BR,1BA$1.54

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Little Rock, Little Rock, AR

Ranked #13

Among cities in Arkansas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Downtown Little Rock Neighborhood in Little Rock, AR

Walk Score®

72 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

59 / 100

Bikeable

Some bike infrastructure

Transit Score®

47 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Downtown Little Rock Apartments

How much is rent for a Cheap One Bedroom Downtown Little Rock Apartment?

The lowest price for a Cheap One Bedroom Downtown Little Rock Apartment is $820 at Residences at Gracie Mansion.

What is the lowest price for a Cheap Two Bedroom Downtown Little Rock Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Little Rock is starting from $936 at Residences at Gracie Mansion.

What is the most affordable Downtown Little Rock Three Bedroom Apartment?

The best deal on a cheap Downtown Little Rock Three Bedroom Apartment rental is at The Flats at Soma and starts from $1,750.

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.

decorative image for Exploring the Best Affordable Neighborhoods in Little Rock: Finding Your Perfect Place article

Exploring the Best Affordable Neighborhoods in Little Rock: Finding Your Perfect Place

Written by: Melissa Maxwell

I lived in Little Rock, Arkansas for a time as a child. My grandmother was born and raised there with her seven brothers and sisters. On the day my grandmother was born, her father paid the doctor with a hog.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.