Cheap Apartments for Rent in the Downtown Neighborhood of Little Rock, AR from $500 (82 Rentals)

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

Catfish, Crystals, and Culture: A Local Insider's Guide to Little Rock

Little Rock has big-city amenities, small-town charm, and some of the best catfish you'll ever eat. Let our local insider show you everything this underrated Arkansas city has to offer.

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Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Little Rock, Arkansas: Your essential guide to finding the perfect home, from charming historic areas to dense suburbs, all conveniently located near the city’s top employers.

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The Harding
$1,100 - $1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,250
Total Monthly Price
$1,100 - $1,250
1 to 2 Bedroom Apartments Available Sep 12

The Harding

1520 Broadway StLittle Rock, AR 72202
Affordability
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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 McGowan Flats Apartments priced from $795. Artspace Windgate Campus has the second lowest priced unit, which is a 1 Bed apartment currently listed from $836. Here are the most affordable Downtown apartments for rent in Little Rock, AR:

Apartment ListingModel NameBed/BathPriced From
McGowan Flats ApartmentsStudio - FurnishedStudio,1BA$795
Artspace Windgate Campus1A1BR,1BA$836
608-612 E 7th St1 Beds, 1 Baths1BR,1BA$850
Block 2 LoftsB A11BR,1BA$899
The Flats at SomaThe DalyStudio,1BA$905
MetropolitanMetro1BR,1BA$921
The HardingHarding Cottage1BR,1BA$1,100
Cathedral Park Apartments2 Beds, 1.5 Baths2BR,1BA$1,200

Best Value Apartments for Rent in Downtown, AR

As of August 17, 2026 the best value apartment in the Downtown area is the $1.06 price per square foot 1004 Scott St Model at 1004 Scott St, Unit 3 in the in the River Market neighborhood starting from $1,299. The second greatest value Downtown apartment is the 2 Beds, 1.5 Baths Model at Cathedral Park Apartments starting at $1,200 with a $1.09 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.
1004 Scott St, Unit 31004 Scott St2BR,1BA$1.06
Cathedral Park Apartments2 Beds, 1.5 Baths2BR,1.5BA$1.09
406 E 9th St, Unit Upper406 E 9th St2BR,1BA$1.20
MetropolitanJava1BR,1BA$1.34
608-612 E 7th St1 Beds, 1 Baths1BR,1BA$1.17
Artspace Windgate Campus1A1BR,1BA$1.16
Block 2 LoftsB A31BR,1BA$1.63
221 W 2nd St221 W 2nd StStudio ,1BA$2.39
The Flats at SomaThe DalyStudio ,1BA$1.84
McGowan Flats ApartmentsStudio - 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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Pet Friendly Lifestyle
Downtown, Little Rock, AR

Ranked #10

Among cities in Arkansas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
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 McGowan Flats Apartments listed at $795.

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

The lowest price for a Cheap One Bedroom Downtown Apartment is $836 at Artspace Windgate Campus.

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 $1,003 at Artspace Windgate Campus.

What is the most affordable Downtown Three Bedroom Apartment?

The best deal on a cheap Downtown Three Bedroom Apartment rental is at Artspace Windgate Campus and starts from $1,399.

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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Catfish, Crystals, and Culture: A Local Insider's Guide to Little Rock

Written by: Melissa Maxwell

I'm Melissa, your ApartmentHomeLiving.com Local Expert for Little Rock, Arkansas. My grandmother was from Little Rock. She went to North Little Rock High School. Yes, that North Little Rock High School.

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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.

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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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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.