Cheap Homes for Rent in Downtown Little Rock Neighborhood of Little Rock, AR from $700 (47 Rentals)

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Search the lowest-cost Homes 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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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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property at 1322 Hanger St

$1,100

4 Bedroom, 1 Bath Home for Rent

Available Now

1322 Hanger St

Little RockAR72202

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 Artspace Windgate Campus priced from $479. McGowan Flats has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Downtown Little Rock apartments for rent in Little Rock, AR:

Apartment ListingModel NameBed/BathPriced From
Artspace Windgate Campus1A-30%1BR,1BA$479
McGowan FlatsStudio - FurnishedStudio,1BA$795
Eastside Lofts Apartments Phase II1x1 - 4981BR,1BA$886
The Flats at SomaThe DalyStudio,1BA$905
Block 2 LoftsB A11BR,1BA$925
Thrive ArgentaA11BR,1BA$999
MetropolitanMetro1BR,1BA$1,026

Best Value Apartments for Rent in Downtown Little Rock, AR

As of June 11, 2026 the best value apartment in the Downtown Little Rock area is the $1.39 price per square foot 1AHC-60% Model at Artspace Windgate Campus in the in the River Market neighborhood starting from $1,001. The second greatest value Downtown Little Rock apartment is the Metro - Renovated Model at Metropolitan starting at $1,047 with a $1.51 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.
Artspace Windgate Campus1AHC-60%1BR,1BA$1.39
MetropolitanMetro - Renovated1BR,1BA$1.51
Thrive ArgentaA11BR,1BA$1.45
221 W 2nd St221 W 2nd StStudio ,1BA$2.39
Block 2 LoftsW A11BR,1BA$1.80
Eastside Lofts Apartments Phase II1x1 - 4981BR,1BA$1.78
The Flats at SomaThe DalyStudio ,1BA$1.84
McGowan FlatsStudio - FurnishedStudio ,1BA$1.99

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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Real 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.

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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 Downtown Little Rock

What type of rentals are currently available in Downtown Little Rock?

There are currently 116 Apartments for Rent in Downtown Little Rock, AR with pricing that ranges from $479 to $6,560. There are also 88 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Little Rock ranging from $750 to $5,000.

What is the current price range for Rental Homes in Downtown Little Rock?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Little Rock ranges from $750 to $5,000 with an average monthly rent of $1,647.

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.

Helpful Local Expert Guides

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

Written by: Melissa Maxwell

Alright! You got into college! The next four years are going to be super thrilling. Little Rock is a city with quite a checkered past.

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A Guide to Working and Living in Little Rock: Major Companies and Charming Neighborhoods

Written by: Melissa Maxwell

I'm Melissa, your ApartmentHomeLiving.com Local Expert for Little Rock, Arkansas. Arkansas has a reputation as being a rather rural state. That isn't far from true.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.