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Apartments for Rent in Arkansas under $500 – 113 Rentals available

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Arkansas Demographics

  • Total Population2,979,772
  • Female 1,462,611
    Male 1,517,161
  • Median Age42.8

Average Rent in Arkansas

  • Arkansas Average Rental Price, January 2020 $765 /mo

Arkansas Apartment Rent Ranges

  • < $5005%
  • $501-$70040%
  • $701-$1,00043%
  • $1,001-$1,50010%
  • $1,501-$2,0001%

Arkansas Rent Trends

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Jan / 2020
Arkansas $731 $734 $733 $742 $742 $748 $749 $756 $765
National $1,350 $1,382 $1,385 $1,388 $1,423 $1,431 $1,434 $1,469 $1,474
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Arkansas Households

  • Total Number of Households1,148,172
  • Family 760,848
    Non-family 387,324
  • Children 363,146
    No Children 785,026
  • Average People Per Household2.48
  • Median Household Income$38,802
  • Median Housing Costs Per Month$532

Arkansas Education Statistics

  • No High School5%
  • Some High School43%
  • Some College25%
  • Associate Degree6%
  • Bachelor Degree13%
  • Graduate Degree7%

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 115 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 627 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!