Cheap Apartments for Rent in the Downtown Neighborhood of Little Rock, AR from $500 (40 Rentals)

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

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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property at 117 Daisy Bates

117 Daisy Bates

Little RockAR72202
property at 1501 W 22nd St

1501 W 22nd St

Little RockAR72202

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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Westside Lofts
1 to 2 Bedroom Apartments

Westside Lofts

1300 Childrens WayLittle Rock, AR 72202
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Tuf Nut Lofts
2 Bedroom Apartments

Tuf Nut Lofts

423 E 3rd StLittle Rock, AR 72201
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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 Bedroom Apartments

The Clayton on Scott

915 Scott StLittle Rock, AR 72202
  • Utilities Included

Little Rock's Best Affordable Neighborhoods

Learn about Little Rock and the best places to live with original content written by Local Expert Melissa Maxwell

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1401 Scott St
1 to 2 Bedroom Apartments

1401 Scott St

1401 Scott StLittle Rock, AR 72202
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Parkplace Apartments
1 to 2 Bedroom Apartments

Parkplace Apartments

916 Commerce StLittle Rock, AR 72202
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-40, Page 1 of 1

Downtown, Little Rock, AR Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Little Rock, AR is a Studio unit found at Residences at Riverdale priced from $782. McGowan Flats has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Downtown apartments for rent in Little Rock, AR:

Apartment ListingModel NameBed/BathPriced From
Residences at RiverdaleTaborStudio,1BA$782
McGowan FlatsStudio - FurnishedStudio,1BA$795
Residences at Gracie MansionOne Bedroom1BR,1BA$800
River Market FlatsRMF#29Studio,1BA$850
Prosper RiverdaleA2P1BR,1BA$924
Rock Street Loft Apartments#2152BR,1BA$975
Block 2 LoftsB A31BR,1BA$995
River Market LoftsRiver Market Lofts1BR,1BA$999
Thrive ArgentaA11BR,1BA$1,049
The Pointe North HillsJadeStudio,1BA$1,050

Best Value Apartments for Rent in Downtown, AR

As of May 30, 2025 the best value apartment in the Downtown area is the $1.43 price per square foot The Stephens Model at The Flats at Soma in the in the State University neighborhood starting from $1,500. The second greatest value Downtown apartment is the Villa Marre Model at Residences at Riverdale starting at $1,457 with a $1.40 price per square foot in the State University neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Flats at SomaThe Stephens1BR,1BA$1.43
Residences at RiverdaleVilla Marre2BR,2BA$1.40
EPH 36, LLC (MacArthur Commons Apartments)1BR/1.0BA1BR,1BA$1.35
MetropolitanJava1BR,1BA$1.41
Thrive ArgentaA21BR,1BA$1.60
Rock Street Loft Apartments#2152BR,1BA$1.34
Residences at Gracie Mansion2B1B2BR,1BA$1.30
Prosper RiverdaleA2P1BR,1BA$1.32
River Market LoftsRiver Market Lofts1BR,1BA$1.51
Block 2 LoftsB A31BR,1BA$1.55

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown, Little Rock, AR

Ranked #15

Among neighborhoods in Little Rock, AR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Apartments

What is the Cheapest Studio apartment in Downtown?

Currently the most affordable Cheap Studio Apartment in Downtown is at Residences at Riverdale listed at $782.

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

The lowest price for a Cheap One Bedroom Downtown Apartment is $800 at Residences at Gracie Mansion.

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

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

What is the most affordable Downtown Three Bedroom Apartment?

The best deal on a cheap Downtown Three Bedroom Apartment rental is at Rock Street Loft Apartments and starts from $1,755.

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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.