2 Bedrooms. Based on average rent prices in Fayetteville, AR, for a studio apartment you would need a yearly salary of $48,000 to live comfortably. Welcome to Chestnut Apartments in Fayetteville, Arkansas! Cheap is a relative term to communicate more "affordable" rental and living expenses. Living in this beautifully developed apartment community provides everything you want right at home, in your own neighborhood. Affordable Apartments in Fayetteville, Arkansas. We are located just minutes from The University of Arkansas and less than 1 mile to I-49 and conveniently located On The University of Arkansas Razorback Transit Bus Route. Living in this beautifully developed apartment community provides everything you want right at home, in your own neighborhood. Check for available units at East Oaks & Oakshire I/II & Oakshire East in Fayetteville, AR. Search apartments for rent near Fayetteville School District in Arkansas with the largest and most trusted rental site. 3 bedroom 2.5 bath in the heart of Fayetteville, Arkansas!! We are located Just minutes from I-49 and are conveniently located near The Ozark Transit Bus Route. Specifically, 4 studio apartments, 20 one-bedroom apartments, 35 two-bedroom apartments, 27 three-bedroom apartments are currently available for rent. Browse photos and maps and search by location, price, and amenities. We found 280 cheap, affordable apartments for rent in Fayetteville, AR on realtor.com®. Fayetteville, AR Cheap Apartments for Rent. Cheap Apartments in Fayetteville. Welcome to Valley Lake Apartments in Fayetteville, Arkansas! We are located conveniently near I-49, The University of Arkansas, and just minutes to area shopping, restaurants, and entertainment. Point2 has 30 affordable apartments for rent in Fayetteville, AR area with prices between $420 and $1,640. 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