Cheap Apartments for Rent in the Downtown Neighborhood of Little Rock, AR from $400 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown 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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Westside Lofts
1 to 2 Bedroom Apartments

Westside Lofts

1300 Childrens WayLittle Rock, AR 72202
  • Utilities Included

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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818 Cumberland St
1 Bedroom Apartments

818 Cumberland St

818 Cumberland StLittle Rock, AR 72202
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Tuf Nut Lofts
2 Bedroom Apartments

Tuf Nut Lofts

423 E 3rd StLittle Rock, AR 72201
  • Utilities Included
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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 to 3 Bedroom Apartments

The Clayton on Scott

915 Scott StLittle Rock, AR 72202
  • Utilities Included

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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River Market Lofts
1 Bedroom Apartments

River Market Lofts

433 E 3rd StLittle Rock, AR 72201
Corporate Housing
Showing Results 1-38, 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 1 Bed unit found at Windgate Apartments priced from $479. McGowan Flats Apartments 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
Windgate Apartments1A1BR,1BA$479
McGowan Flats ApartmentsStudio - Non FurnishedStudio,1BA$795
Eastside Lofts Apartments Phase II1x1 - 4981BR,1BA$886
Block 2 LoftsB A11BR,1BA$899
The Flats at SomaThe DalyStudio,1BA$905
Chateaus at St Clair2BD 1BA2BR,1BA$1,000
MetropolitanJava1BR,1BA$1,001

Best Value Apartments for Rent in Downtown, AR

As of May 18, 2026 the best value apartment in the Downtown area is the $1.01 price per square foot 1004 Scott St Model at 1004 Scott St, Unit 1 in the in the River Market neighborhood starting from $1,395. The second greatest value Downtown apartment is the 3AHC Model at Windgate Apartments starting at $1,384 with a $1.05 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1004 Scott St, Unit 11004 Scott St2BR,1BA$1.01
Windgate Apartments3AHC3BR,2BA$1.05
Chateaus at St Clair2BD 1BA2BR,1BA$0.94
MetropolitanJava1BR,1BA$1.27
Block 2 LoftsB A11BR,1BA$1.54
Eastside Lofts Apartments Phase II1x1 - 4981BR,1BA$1.78
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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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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Pet Friendly Lifestyle
Downtown, Little Rock, AR

Ranked #13

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 a cheap apartment in Downtown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $1,001.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Windgate Apartments which is listed at $479, while the average apartment in Downtown costs $1,384.

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 23 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 $677 which is $707 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.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.