Cheap Apartments for Rent in the Downtown Little Rock Neighborhood of Little Rock, AR from $500 (54 Rentals)

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

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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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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Barton Oaks Apartments
1 to 2 Bedroom Apartments

Barton Oaks Apartments

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

Westside Lofts

1300 Childrens WayLittle Rock, AR 72202
  • Utilities Included
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818 Cumberland St
1 Bedroom Apartments

818 Cumberland St

818 Cumberland StLittle Rock, AR 72202

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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Tuf Nut Lofts
2 Bedroom Apartments

Tuf Nut Lofts

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

608-612 E 7th St

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

The Clayton on Scott

915 Scott StLittle Rock, AR 72202
  • Utilities Included

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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River Market Lofts
1 Bedroom Apartments

River Market Lofts

433 E 3rd StLittle Rock, AR 72201
Corporate Housing
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River Market Flats
Studio to 2 Bedroom Apartments

River Market Flats

518 E 7th StLittle Rock, AR 72202
  • Utilities Included
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Parkplace Apartments
1 to 2 Bedroom Apartments

Parkplace Apartments

916 Commerce StLittle Rock, AR 72202
  • 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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Showing Results 1-50, Page 1 of 2

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 Studio unit found at McGowan Flats Apartments priced from $795. 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
McGowan Flats ApartmentsStudio - FurnishedStudio,1BA$795
Eastside Lofts Apartments Phase II1x1 - 4981BR,1BA$886
Block 2 LoftsB A21BR,1BA$950
MetropolitanJava1BR,1BA$997
Thrive ArgentaA11BR,1BA$999
The Flats at SomaThe Blossom1BR,1BA$1,100
Vue on RiverfrontMain1BR,1BA$1,389
EPH 36, LLC (MacArthur Commons Apartments)2BR/2.0BA2BR,2BA$1,400

Best Value Apartments for Rent in Downtown Little Rock, AR

As of April 16, 2026 the best value apartment in the Downtown Little Rock area is the $1.05 price per square foot 1004 Scott St Model at 1004 Scott St, Unit 1 in the in the River Market neighborhood starting from $1,450. The second greatest value Downtown Little Rock apartment is the 2BR/2.0BA Model at EPH 36, LLC (MacArthur Commons Apartments) starting at $1,400 with a $1.26 price per square foot in the River Market 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.
1004 Scott St, Unit 11004 Scott St2BR,1BA$1.05
EPH 36, LLC (MacArthur Commons Apartments)2BR/2.0BA2BR,2BA$1.26
The Flats at SomaThe Blossom1BR,1BA$1.30
Vue on RiverfrontArgenta1BR,1BA$1.89
MetropolitanJava1BR,1BA$1.27
Thrive ArgentaA21BR,1BA$1.53
221 W 2nd St221 W 2nd StStudio ,1BA$2.39
Block 2 LoftsW A21BR,1BA$1.67
Eastside Lofts Apartments Phase II1x1 - 4981BR,1BA$1.78
McGowan Flats ApartmentsStudio - FurnishedStudio ,1BA$1.99

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Exploring Little Rock: A Student's Guide on Where to Live Near Little Rock's Best Colleges

Explore Little Rock like a local! This student guide covers the best neighborhoods for renting near the area's top schools. Find your Little Rock apartment today!

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Best Local Schools in
Downtown Little Rock, Little Rock, AR

School data provided by Great Schools

Frequently Asked Questions about Cheap Downtown Little Rock Apartments

What is the Cheapest Studio apartment in Downtown Little Rock?

Currently the most affordable Cheap Studio Apartment in Downtown Little Rock is at McGowan Flats Apartments listed at $795.

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 $886 at Eastside Lofts Apartments Phase II.

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 $1,053 at Eastside Lofts Apartments Phase II.

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

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.

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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.