Cheap Homes for Rent in Downtown Neighborhood of Little Rock, AR from $700 (9 Rentals)

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

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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 priced from $795. Residences at Gracie Mansion has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Downtown apartments for rent in Little Rock, AR:

Apartment ListingModel NameBed/BathPriced From
McGowan FlatsStudio - FurnishedStudio,1BA$795
Residences at Gracie MansionOne Bedroom1BR,1BA$800
Prosper RiverdaleA1L1BR,1BA$809

Best Value Apartments for Rent in Downtown, AR

As of April 13, 2025 the best value apartment in the Downtown area is the $1.41 price per square foot 1415 Center St Model at 1415 Center St, Unit 4 in the in the State University neighborhood starting from $1,550. The second greatest value Downtown apartment is the 2 Bed, 2 Bath Model at Riverside at Rockwater starting at $1,328 with a $1.35 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.
1415 Center St, Unit 41415 Center St2BR,2BA$1.41
Riverside at Rockwater2 Bed, 2 Bath2BR,2BA$1.35
EPH 36, LLC (MacArthur Commons Apartments)1BR/1.0BA1BR,1BA$1.35
1 Bed 1 Bath Luxury Energy Efficient Townhomes1 Bed 1 Bath 782 SQFT (Live on Parker)1BR,1BA$1.53
Rock Street Loft Apartments#2152BR,1BA$1.34
MetropolitanMetro1BR,1BA$1.39
Residences at Gracie MansionOne Bedroom1BR,1BA$1.27
The Flats at SomaThe Henry1BR,1BA$1.48
Block 2 LoftsB A11BR,1BA$1.50
Prosper RiverdaleA1L1BR,1BA$1.47

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Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 109 Apartments for Rent in Downtown, AR with pricing that ranges from $650 to $3,765. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $750 to $3,750.

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 $750 to $3,750 with an average monthly rent of $1,544.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.