Cheap Apartments for Rent in the Downtown Little Rock Neighborhood of Little Rock, AR from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Little Rock area of Little Rock.

111 Barton St

109 Barton St

Residences at Gracie Mansion

1015 Scott St
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.

Eastside Lofts Apartments Phase II

Block 2 Lofts

1724 W 19th St

117 Daisy Bates
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.
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

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 | $750 | $750 | $750 |
Downtown Little Rock 1 Bedroom Apartments | $1,179 | $820 | $2,250 |
Downtown Little Rock 2 Bedroom Apartments | $1,367 | $725 | $2,336 |
Downtown Little Rock 3 Bedroom Apartments | $1,468 | $1,075 | $1,750 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Downtown Little Rock Neighborhood of Little Rock, AR.
See all Apartments in Little RockExplore Little Rock
Downtown Little Rock, Little Rock, AR Local Guide
- Nearby Little Rock neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Residences at Gracie Mansion | Townhouse | 1BR,1BA | $820 |
Eastside Lofts Apartments Phase II | 1x1 - 498 | 1BR,1BA | $886 |
Block 2 Lofts | B A1 | 1BR,1BA | $899 |
Metropolitan | Metro | 1BR,1BA | $986 |
The Flats at Soma | The Blossom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1520 S Louisiana St, Unit 2 | 1520 S Louisiana St | 2BR,1BA | $1.05 |
The Flats at Soma | The Stephens | 1BR,1BA | $1.34 |
Rock Street Loft Apartments | #103 | 1BR,1BA | $1.17 |
1512 South Louisiana Street, Unit Apt 2 | 1512 South Louisiana Street | 1BR,1BA | $1.06 |
EPH 36, LLC (MacArthur Commons Apartments) | 1BR/1.0BA | 1BR,1BA | $1.28 |
Thrive Argenta | A2 | 1BR,1BA | $1.60 |
River Market Flats | RMF #26 | 2BR,1BA | $1.68 |
Metropolitan | Metro - Renovated | 1BR,1BA | $1.52 |
Residences at Gracie Mansion | Townhouse | 1BR,1BA | $1.30 |
Block 2 Lofts | B A1 | 1BR,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.
Pet Friendly LifestyleDowntown Little Rock, Little Rock, AR
Ranked #13
Among cities in Arkansas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Downtown Little Rock, Little Rock, AR
Gibbs Magnet Elementary School
School data provided by Great Schools
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
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 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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.