
Cheap Apartments for Rent in the Downtown Neighborhood of Little Rock, AR from $500 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Little Rock.


McGowan Flats Apartments

1023 Scott St, Unit B

Eastside Lofts Apartments Phase II

Mahlon Martin Apartments
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.

Westside Lofts

818 Cumberland St

1720 W 19th St

Albert Pike Apartments

Tuf Nut Lofts
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.

Residences at Gracie Mansion

608-612 E 7th St

The Row at Legion Village

The Clayton on Scott

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

How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $810 | $810 | $810 |
| Downtown 1 Bedroom Apartments | $1,085 | $886 | $2,000 |
| Downtown 2 Bedroom Apartments | $1,354 | $1,053 | $1,895 |
| Downtown 3 Bedroom Apartments | $3,285 | $1,495 | $6,560 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Little Rock, AR.
See all Apartments in Little RockExplore Little Rock
Downtown, Little Rock, AR Local Guide
- Nearby Little Rock neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 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 apartments for rent in Little Rock, AR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McGowan Flats Apartments | Studio - Non Furnished | Studio,1BA | $810 |
| Eastside Lofts Apartments Phase II | 1x1 - 498 | 1BR,1BA | $886 |
| Metropolitan | Metro - Renovated | 1BR,1BA | $985 |
| Block 2 Lofts | B A2 | 1BR,1BA | $990 |
| Rock Street Loft Apartments | #102 | 1BR,1BA | $1,075 |
Best Value Apartments for Rent in Downtown, AR
As of February 17, 2026 the best value apartment in the Downtown area is the $2.25 price per square foot 221 W 2nd St Model at 221 W 2nd St, Unit P2 - FURNISHED ONLY in the in the River Market neighborhood starting from $6,560. The second greatest value Downtown apartment is the 2BR/2.0BA Model at EPH 36, LLC (MacArthur Commons Apartments) starting at $1,500 with a $1.35 price per square foot in the River Market neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 221 W 2nd St, Unit P2 - FURNISHED ONLY | 221 W 2nd St | 3BR,3BA | $2.25 |
| EPH 36, LLC (MacArthur Commons Apartments) | 2BR/2.0BA | 2BR,2BA | $1.35 |
| Rock Street Loft Apartments | #211 | 2BR,2BA | $1.41 |
| 1911 W 2nd St, Unit 1 | 1911 W 2nd St | 1BR,1BA | $1.00 |
| 1004 Scott St, Unit 6 | 1004 Scott St | 1BR,1BA | $1.25 |
| The Flats at Soma | The Blossom | 1BR,1BA | $1.30 |
| Metropolitan | Metro - Renovated | 1BR,1BA | $1.42 |
| Block 2 Lofts | B A2 | 1BR,1BA | $1.59 |
| Eastside Lofts Apartments Phase II | 1x1 - 498 | 1BR,1BA | $1.78 |
| McGowan Flats Apartments | Studio - Non 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.
Pet Friendly LifestyleDowntown, Little Rock, AR
Ranked #32
Among cities in Arkansas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Apartments
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Eastside Lofts Apartments Phase II which is listed at $886, while the average apartment in Downtown costs $1,800.
What types of apartments are the cheapest in Downtown?
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 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?
Cheap apartments in Downtown have an average cost of $148 which is $1,652 cheaper than the average rent for all rentals in Downtown.
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.

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.

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.

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.