The Raphael- Beautifully Renovated!
500 N Caraway Rd,
Jonesboro, AR 72401
$999 - $1,099
2-3 Beds
Downtown Jonesboro
Jonesboro, AR
Downtown Jonesboro - Jonesboro, AR
Area Guide
Home of the Red Wolves
Walkable
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University
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Football
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Shops
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Restaurants
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Brick-paved sidewalks, historic buildings housing locally-owned shops and restaurants, and period lighting define a great downtown district, and Downtown Jonesboro has all of that -- with a twist. You'll find the same red wolf painted on many of the windows and adorning flags, especially during football season. Of course, the Red Wolves are a key part of living in Downtown Jonesboro -- it's within walking distance of the Arkansas State University campus.
Living in Downtown Jonesboro, you'll have easy access to some of the city's best restaurants: Omar's Uptown, The Parsonage 322, Sue's Kitchen -- you'll also have access to places like the Foundation of the Arts, St. Bernards Auditorium, and the Arkansas Children's Hospital. Head to the Arkansas State campus to visit the University Museum and the Bradbury Art Museum, and cheer on the Red Wolves at Centennial Bank Stadium.
Rent Trends
As of October 2025, the average apartment rent in Downtown Jonesboro is $542 for a studio, $917 for one bedroom, $1,075 for two bedrooms, and $1,226 for three bedrooms. Apartment rent in Downtown Jonesboro has increased by 2.3% in the past year.
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Studio
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347 sq ft
Average Sq Ft
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$542/month
Average Rent
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1 BR
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578 sq ft
Average Sq Ft
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$917/month
Average Rent
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2 BR
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909 sq ft
Average Sq Ft
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$1,075/month
Average Rent
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3 BR
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1,168 sq ft
Average Sq Ft
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$1,226/month
Average Rent
Transportation
49
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
44
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Crowley's Ridge Nature Center
- Lake Frierson State Park
Commuter Rail
Military Bases
Colleges
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.