
Cheap Apartments for Rent in the Downtown Little Rock Neighborhood of Little Rock, AR from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Little Rock area of Little Rock.


111 Barton St

201 S Park St

1417 Center St

223 Fountain Ave

219 Barton St

2317 W Markham St
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.

McGowan Flats Apartments

615 Sherman St

Eastside Lofts Apartments Phase II

Mahlon Martin Apartments

Barton Oaks Apartments

Westside Lofts

818 Cumberland St
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.

Eastview Terrace Apartments

Albert Pike Apartments

Tuf Nut Lofts

Residences at Gracie Mansion

608-612 E 7th St

The Row at Legion Village

The Clayton on Scott
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.

State Street Apartments
Downtown Little Rock, Little Rock, AR Local Guide

How much does it cost to rent an apartment in Downtown Little Rock?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Little Rock Studio Apartments | $810 | $810 | $810 |
| Downtown Little Rock 1 Bedroom Apartments | $1,109 | $650 | $2,000 |
| Downtown Little Rock 2 Bedroom Apartments | $1,400 | $600 | $2,250 |
| Downtown Little Rock 3 Bedroom Apartments | $2,512 | $1,495 | $6,560 |
| Downtown Little Rock 4 Bedroom Apartments | $1,050 | $1,050 | $1,050 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Downtown Little Rock Neighborhood of Little Rock, AR.
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Downtown Little Rock, Little Rock, AR Local Guide
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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 $810. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McGowan Flats Apartments | Studio - Furnished | Studio,1BA | $810 |
| Eastside Lofts Apartments Phase II | 1x1 - 498 | 1BR,1BA | $886 |
| Block 2 Lofts | B A1 | 1BR,1BA | $889 |
| Metropolitan | Metro | 1BR,1BA | $1,010 |
| Thrive Argenta | A1 | 1BR,1BA | $1,049 |
Best Value Apartments for Rent in Downtown Little Rock, AR
As of January 14, 2026 the best value apartment in the Downtown Little Rock area is the $1.40 price per square foot 2BR/2.0BA Model at EPH 36, LLC (MacArthur Commons Apartments) in the in the River Market neighborhood starting from $1,550. The second greatest value Downtown Little Rock apartment is the #211 Model at Rock Street Loft Apartments starting at $1,335 with a $1.41 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| EPH 36, LLC (MacArthur Commons Apartments) | 2BR/2.0BA | 2BR,2BA | $1.40 |
| Rock Street Loft Apartments | #211 | 2BR,2BA | $1.41 |
| 1004 Scott St, Unit 6 | 1004 Scott St | 1BR,1BA | $1.25 |
| The Flats at Soma | The Blossom | 1BR,1BA | $1.30 |
| Vue on Riverfront | Clinton | 1BR,1BA | $1.84 |
| Thrive Argenta | A2 | 1BR,1BA | $1.60 |
| Metropolitan | Metro - Renovated | 1BR,1BA | $1.48 |
| Block 2 Lofts | B A2 | 1BR,1BA | $1.46 |
| Eastside Lofts Apartments Phase II | 1x1 - 498 | 1BR,1BA | $1.78 |
| McGowan Flats Apartments | Studio - Furnished | Studio ,1BA | $2.03 |
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!
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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.
Best Local Schools in Downtown Little Rock, Little Rock, AR
Gibbs Magnet Elementary School
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Little Rock Apartments
What is the price of a cheap apartment in Downtown Little Rock?
The cheapest apartment in Downtown Little Rock is Eastside Lofts Apartments Phase II which is listed at $886, while the average apartment in Downtown Little Rock costs $1,662.
What types of apartments are the cheapest in Downtown Little Rock?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Downtown Little Rock that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Little Rock?
Cheap apartments in Downtown Little Rock have an average cost of $116 which is $1,546 cheaper than the average rent for all rentals in Downtown Little Rock.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.