
Cheap Homes for Rent in Downtown Neighborhood of Little Rock, AR from $900 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Little Rock.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1518 S Cross St
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

2409 S Louisiana St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Downtown, Little Rock, AR Local Guide

How much does it cost to rent a home in Downtown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown 2 Bedroom Homes for Rent | $1,528 | $950 | $1,995 |
Downtown 3 Bedroom Homes for Rent | $1,705 | $1,050 | $2,495 |
Downtown 4 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Little Rock, AR.
Explore Little Rock
Downtown, Little Rock, AR Local Guide
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Best Value Apartments for Rent in Downtown, AR
As of May 17, 2025 the best value apartment in the Downtown area is the $1.32 price per square foot 1BR/1.0BA Model at EPH 36, LLC (MacArthur Commons Apartments) in the in the River Market neighborhood starting from $1,100. The second greatest value Downtown apartment is the 1 Bed 1 Bath 782 SQFT (Live on Parker) Model at 1 Bed 1 Bath Luxury Energy Efficient Townhomes starting at $1,200 with a $1.53 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
EPH 36, LLC (MacArthur Commons Apartments) | 1BR/1.0BA | 1BR,1BA | $1.32 |
1 Bed 1 Bath Luxury Energy Efficient Townhomes | 1 Bed 1 Bath 782 SQFT (Live on Parker) | 1BR,1BA | $1.53 |
Thrive Argenta | A2 | 1BR,1BA | $1.60 |
Rock Street Loft Apartments | #215 | 2BR,1BA | $1.34 |
Residences at Gracie Mansion | 2B1B | 2BR,1BA | $1.30 |
Metropolitan | Metro | 1BR,1BA | $1.46 |
Prosper Riverdale | A2P | 1BR,1BA | $1.32 |
Riverside at Rockwater | 1 Bed, 1 Bath | 1BR,1BA | $1.86 |
River Market Lofts | River Market Lofts | 1BR,1BA | $1.51 |
Block 2 Lofts | W A1 | 1BR,1BA | $1.76 |
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.
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 108 Apartments for Rent in Downtown, AR with pricing that ranges from $700 to $3,765. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $950 to $5,000.
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 $950 to $5,000 with an average monthly rent of $2,464.
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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.