The state of Arkansas offers a variety of affordable places to live, making it an appealing destination for those seeking a budget-friendly lifestyle. Here, we will explore the top 8 cheapest places to live in Arkansas, each with its own unique qualities and attractions. 

Top 8 Cheapest Places To Live In Arkansas

  • Pocahontas
  • Newport
  • Clarksville
  • Malvern
  • El Dorado
  • Forrest City
  • Blytheville
  • Van Buren

Pocahontas

Cheapest Places To Live In Arkansas

Nestled in the northeast part of the state, Pocahontas offers a serene and affordable living environment. With a population of approximately 7,796, this city is known for its charming downtown area and access to outdoor activities. Residents can explore the scenic Eleven Point River, engage in fishing and boating, or enjoy a leisurely stroll in Overlook Park.

The average cost of buying a house in Pocahontas is around $97,000, while renting an apartment comes at an average monthly cost of $700.

Newport

Located in Jackson County, Newport is another affordable city in Arkansas. Home to roughly 7,904 residents, it boasts a rich history and a welcoming atmosphere. Newport is known for its vibrant arts scene, with attractions such as the Iron Mountain Festival and the Arkansas Steel Associates Art Gallery. Outdoor enthusiasts will appreciate the nearby Jacksonport State Park and the Cache River National Wildlife Refuge.

The average home price in Newport is around $84,000, and renting an apartment costs an average of $550 per month.

Clarksville

Cheapest Places To Live In Arkansas

Situated in the scenic Arkansas River Valley, Clarksville offers a blend of natural beauty and affordability. With a population of approximately 9,642, this city is home to the University of the Ozarks, providing a vibrant and youthful energy. Outdoor recreation opportunities abound, including hiking trails in the Ozark National Forest and fishing in Lake Dardanelle.

The average cost of buying a house in Clarksville is around $116,000, while renting an apartment averages at $650 per month.

Malvern

Malvern, located in Hot Spring County, combines affordability with a rich history. With a population of around 10,930, this city offers a charming downtown area filled with antique shops and local eateries. Outdoor enthusiasts can explore the nearby Ouachita National Forest or enjoy a day at Lake Catherine State Park.

The average home price in Malvern is approximately $101,000, with renting an apartment averaging around $600 per month.

El Dorado

El Dorado, situated in Union County, is known for its vibrant arts and cultural scene. With a population of about 16,741, this city offers numerous attractions, including the South Arkansas Arts Center and the Murphy Arts District, which hosts various events and concerts. Outdoor enthusiasts can enjoy the scenery at the Felsenthal National Wildlife Refuge or explore the walking trails at the Lions Club Municipal Golf Course.

The average cost of buying a house in El Dorado is around $120,000, while renting an apartment comes at an average monthly cost of $700.

Forrest City

Cheapest Places To Live In Arkansas

Located in St. Francis County, Forrest City is a budget-friendly city with a population of approximately 12,644. The city's historic downtown area is home to unique shops and restaurants, while the Village Creek State Park offers opportunities for outdoor recreation, including camping, hiking, and fishing.

The average home price in Forrest City is around $82,000, and renting an apartment costs an average of $550 per month.

Blytheville

Blytheville, situated in Mississippi County, provides an affordable living experience in the northeastern part of Arkansas. With a population of around 12,433, the city offers a range of amenities, including shopping centers, parks, and golf courses. Outdoor enthusiasts can explore the nearby Big Lake National Wildlife Refuge or enjoy a day of fishing in the Mississippi River.

The average cost of buying a house in Blytheville is approximately $68,000, and renting an apartment averages at $500 per month.

Van Buren

 Cheapest Places To Live In Arkansas

Van Buren, located in Crawford County, combines affordability with a rich historical heritage. With a population of approximately 23,715, this city offers a charming downtown district filled with Victorian-era architecture and unique shops. Residents can explore the nearby Ozark National Forest or visit the Fort Smith National Historic Site.

The average home price in Van Buren is around $136,000, while renting an apartment comes at an average monthly cost of $800.