Cheap Apartments for Rent in Knoxville, AR from $500 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in Knoxville.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Parker Place Apartments
Studio to 3 Bedroom Apartments

Parker Place Apartments

1401 Parker RdRussellville, AR 72801
  • Utilities Included

Knoxville, AR Local Guide

Cheapest Available Knoxville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Knoxville, AR is a Studio unit found at The Orchard priced from $525. Shadow Lake has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. Here is today’s list of the most affordable Knoxville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The OrchardStudioStudio,1BA$525
Shadow LakeStandard1BR,1BA$680
Spring Lake I/IIStandard Phase I1BR,1BA$720
Village Square Apartment1 Bed 1 Bath1BR,1BA$825

Best Value Apartments for Rent in Knoxville, AR and Nearby

As of April 24, 2025 the best value apartment in the Knoxville area is the $1.17 price per square foot 1 Bed 1 Bath Model at Village Square Apartment in the starting from $825. The second greatest value Knoxville apartment is the Classic Phase I Model at Spring Lake I/II starting at $740 with a $1.38 price per square foot . Here is today’s list of the best values for Knoxville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Village Square Apartment1 Bed 1 Bath1BR,1BA$1.17
Spring Lake I/IIClassic Phase I1BR,1BA$1.38
Shadow LakeStandard1BR,1BA$1.31
The OrchardStudioStudio ,1BA$1.05

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Knoxville, AR Rentals by Map

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Getting Around Knoxville, AR

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

22 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Knoxville Apartments

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

The lowest price for a Cheap One Bedroom Knoxville Apartment is $680 at Shadow Lake.

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

Today's best deal for a Cheap Two Bedroom Apartment in Knoxville is starting from $730 at Shadow Lake.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.