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Apartments for Rent in Arkansas under $500

11 Rentals Available
Apartments for Rent in Arkansas under $500. 11 Rentals Available
  • a living room with a couch and a tv
    Today

    821 E O Street, Russellville, AR 72801
    4 BEDS Ask for pricing
  • an exterior view of a building with stairs and trees
    Today

    732 North Izard, Forrest City, AR 72335
    1 BED $450
  • a building with a brown roof and a sidewalk
    Today

    777 Graham, Forrest City, AR 72335
    2 BEDS $450
  • an empty kitchen with black appliances and white cabinets
    Today

    820 S 17Th Street, Fort Smith, AR 72901
    1 BED $500
  • 1701 Fresno Street Studio-2 Beds Apartment for Rent
    Today

    1701 Fresno Street, Fort Smith, AR 72901
    STUDIO $450
    1 BED $410
    2 BEDS $410+
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  • a playground with a swing set and a pavilion
    Today

    2526 Oak Creek Drive, Pocahontas, AR 72455-2521
    Income Restricted
    STUDIO Ask for Pricing
  • a living room with couches and a coffee table
    Today

    7923 Highway 70 West, Palestine, AR 72372
    Income Restricted
    1 BED Ask for pricing
  • a kitchen with black appliances and wooden cabinets
    Today

    1734 Kingsley Circle, Springdale, AR 72764
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
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Getting around in Arkansas, AR

15 /100
Car-Dependent
9 /100
Somewhat Bikeable
Walk Score®: 15, Bike Score®: 9

Frequently asked questions

When were prices and availability in Arkansas last updated?

Prices and availability in Arkansas were last updated on 7 Apr 2026.

What are the best apartments in Arkansas?

The best apartments in Arkansas are: Village Square of Searcy, Block 2 Lofts, Pine Valley Apartments, Lakeside Village I/II and Chenal Pointe at the Divide.

What type of rental buildings are in Arkansas?

In Arkansas 34% of the housing is rented out compared to 66% of homes are owned, according to the most recent Census Bureau estimates. 5% of Arkansas's apartments are found in large buildings of 50 units or more, 46% are located in smaller apartment complexes with less than 50 units, and 40% are single-family rentals.

Apartments in Arkansas under $500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 11 apartments for rent in Arkansas on which you’ll spend less than $500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $500

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $500. The average rental size in Arkansas is 579 Sqft, but the $500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!