Cheap Homes for Rent in the Downtown Neighborhood of Little Rock, AR from $700 (30 Rentals)

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Search the lowest-cost Homes 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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Rent According to Income: A Look at Income-Restricted Rentals

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

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

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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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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Showing Results 1-30, 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 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
Broadway Manor1BR/1.0BA1BR,1BA$895
The Flats at SomaThe DalyStudio,1BA$905
MetropolitanMetro1BR,1BA$921
Block 2 LoftsB A31BR,1BA$975

Best Value Apartments for Rent in Downtown, AR

As of August 23, 2026 the best value apartment in the Downtown area is the $1.05 price per square foot 1004 Scott St Model at 1004 Scott St, Unit 3 in the in the River Market neighborhood starting from $1,275. The second greatest value Downtown apartment is the 406 E 9th St Model at 406 E 9th St, Unit Upper starting at $1,200 with a $1.20 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 31004 Scott St2BR,1BA$1.05
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
221 W 2nd St221 W 2nd StStudio ,1BA$2.39
Block 2 LoftsW A31BR,1BA$1.66
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 #12

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 Downtown

What type of rentals are currently available in Downtown?

There are currently 96 Apartments for Rent in Downtown, AR with pricing that ranges from $625 to $6,560. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $700 to $2,900.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $700 to $2,900 with an average monthly rent of $1,543.

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.

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

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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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

Written by: Robin Stewart

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.